(Reuters) -Some of BP’s largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant’s next boss, Sky News reported on Saturday, citing unidentified sources. Several large investors believe that BP should target the appointment of an external candidate as its CEO, according to the report….
By Jeff Mason and Steve Holland VALLEY FORGE, Pennsylvania (Reuters) – Joe Biden on Friday accused Republican Donald Trump, his likely 2024 election opponent, of instigating the Jan. 6 attacks and plotting revenge on those seeking to punish him, as the president put the future of U.S. democracy at the center of his bid for…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast…
(Reuters) -U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company, a person familiar with the matter told Reuters on Friday. The deal could come together as soon as next week provided the talks do not fall apart, the source said, requesting anonymity…
By Howard Schneider LINTHICUM, Md. (Reuters) -Continued strong U.S. job growth and a low unemployment rate shows the Federal Reserve is not yet at the point where its efforts to control inflation risk a direct tradeoff with the central bank’s other goal of maintaining maximum employment, Richmond Fed President Thomas Barkin said on Friday. “Getting…
WASHINGTON (Reuters) – U.S. President Joe Biden accused Donald Trump, his likely rival in the 2024 presidential contest, of sacrificing U.S. democracy for power in a Pennsylvania speech marking the third anniversary of the Jan. 6, 2021, attacks on the U.S. Capitol. Trump’s presidential campaign is “all about him, not America,” Biden said. He said…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. There were, however, some cracks in the closely watched employment report from the Labor Department…
By Laura Sanicola (Reuters) -Oil settled lower on Thursday in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude settled down 66 cents, or 0.8%, to $77.59. During the session it both rose and fell over $1. U.S. West Texas Intermediate crude futures settled…
(Reuters) -Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares down 1.4% at $181.6, causing its market value to decline nearly $170 billion so far in the…
(Reuters) -Ford Motor on Thursday posted its best annual auto sales in the United States since 2020, fueled by sustained demand for the automaker’s crossover SUVs and pickup trucks, a day after many of its peers reported double-digit gains in new vehicle sales. The Detroit automaker said vehicle sales rose 7.1% to 1.99 million units…
