Stellantis does not need Italy among its shareholders, Chairman Elkann says
MILAN (Reuters) – Stellantis does not need the Italian state as a shareholder as the carmaker is in good shape,…
Business
Treasury says further bill auctions depend on raising debt limit
(Reuters) – The U.S. Treasury Department on Thursday announced $15 billion in one-day cash management bills on June 2 and…
U.S. Supreme Court gives boost to whistleblowers in drug pricing case
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday gave a boost to whistleblowers in their bid…
AstraZeneca drug combo gets US nod to treat a type of prostate cancer
(Reuters) – AstraZeneca said on Thursday that a combination of its cancer drug Lynparza and abiraterone has been approved in…
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored…
Analysis-US debt-ceiling deal averts disaster, but savings might be less than advertised
By Andy Sullivan WASHINGTON (Reuters) – The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave…
Stellantis to invest 160 million euros to launch all-electric SUV in 2025
(Corrects title in last paragraph) (Reuters) – Stellantis will invest 160 million euros ($176.13 million) at its Rennes plant to…
Hormel Foods reaffirms 2023 forecasts, shares rise
By Granth Vanaik (Reuters) – Hormel Foods Corp reaffirmed its annual sales and profit forecasts even as its second-quarter revenue…
US construction spending surges in April
WASHINGTON (Reuters) – U.S. construction spending surged in April, boosted by investment in nonresidential structures, but higher mortgage rates continued…
US agency steps up safety probe into air bag ruptures
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators have stepped up a long-running investigation into potentially defective air bag…