Forecasts show U.S. earnings decline in second quarter
By Caroline Valetkevitch NEW YORK (Reuters) – Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter…
Business
Spirit Aero to continue contract talks with union as strike looms
(Reuters) – Spirit AeroSystems Inc said it will meet with the U.S. machinists union on Saturday to continue negotiations for…
US drillers cut oil and gas rigs for eighth week in a row – Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth…
Two U.S. senators urge automakers not to remove AM radio from new cars
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators wrote seven major automakers on Friday urging them not to remove AM…
Commerzbank to book further provision for mBank after court ruling
FRANKFURT (Reuters) – Germany’s Commerzbank said on Friday that it would book another provision of 342 million euros ($372.27 million)…
As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate
(Corrects story and headline to say makers pledge $11.3 billion, not $14.3 billion for lithium iron phosphate plants) By Paul…
For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
(This June 22 story has been corrected to say makers pledged more than $11 billion, not $14 billion, in paragraph…
Thyssenkrupp Nucera pursues IPO at below forecast price range
(Reuters) -Thyssenkrupp and Industrie De Nora pushed ahead with the planned initial public offering (IPO) of their hydrogen joint venture…
European shares post worst week in three months, Siemens Energy slumps
By Shreyashi Sanyal, Bansari Mayur Kamdar (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed…
Palladium in retreat on EV prospects, growth risks
By Ashitha Shivaprasad (Reuters) – Palladium could extend this year’s near 30% price decline as the rapid rise of electric…