(Reuters) -BP has restarted its Olympic Pipeline that had leaked roughly 25,000 gallons of gasoline near Mount Vernon in Washington state, a source familiar with the pipeline’s operations said on Thursday. The pipeline was restarted following repairs, integrity testing, and regulatory approval of the restart plan, the source said. The company has been cleaning up…
By Granth Vanaik (Reuters) -Costco Wholesale topped Wall Street estimates for quarterly sales and profit on Thursday, as more customers turned to its stores to shop for cheaper groceries and essentials, sending its shares up about 2% after the bell. Costco has increased its sales and market share thanks to its strategy of maintaining low…
By Trevor Hunnicutt and Michael Erman WASHINGTON (Reuters) -The makers of a respiratory syncytial virus (RSV) immunization for infants that has been in tight supply will deliver an additional 230,000 doses in January, the White House said on Thursday, after U.S. government officials met with the companies to discuss meeting winter demand. According to a…
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling over 2 million vehicles in the U.S. to install new safeguards in its Autopilot advanced driver-assistance system, after a federal safety regulator cited safety concerns. The largest-ever Tesla recall appears to cover nearly all vehicles on U.S. roads to better ensure drivers pay attention when using the…
By Caroline Valetkevitch NEW YORK (Reuters) -The Dow Jones industrial average hit its first record closing high since January 2022 and the S&P 500 and Nasdaq rallied more than 1% each on Wednesday after the Federal Reserve signaled that its interest rate-hiking policy is at an end and that it sees lower borrowing costs in…
By Leroy Leo and Michael Erman (Reuters) -Pfizer on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliable view of its COVID-19 business than it had this year, driving shares to a 10-year low. Revenue from Pfizer’s COVID-19 vaccine…
(Reuters) -Moderna said its Chief Commercial Officer Arpa Garay has stepped down from the role and CEO Stephane Bancel will look over sales and marketing, sending the shares of the vaccine maker down 5% on Tuesday. Garay, who was in the position for less than two years, will remain an employee through June 2024, the…
By Trevor Hunnicutt, Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) -President Joe Biden warned Republicans on Tuesday that they would give Russia a “Christmas gift” if they failed to provide additional military aid to Ukrainian President Volodymyr Zelenskiy, whose meeting with a top U.S. lawmaker concluded without a commitment for more support. Zelenskiy traveled to…
By Nick Carey (Reuters) – General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker’s 930E electric drive mining truck. “Mining trucks are among the largest, most capable vehicles used in any industry, and we believe hydrogen fuel cells are best suited…
(Reuters) -The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a government report on Tuesday showed consumer prices unexpectedly edged back up in November. Futures contracts tied to the Fed policy rate now reflect bets the U.S. central bank will lower the policy rate to…