By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals for environmental, social and governance changes at Warren Buffett’s conglomerate, all of which the billionaire investor and his board opposed. By margins of at least 3-to-1, shareholders voted against three proposals that Berkshire disclose more about its climate-related…
By Manya Saini and Chibuike Oguh (Reuters) – Shares in PacWest Bancorp jumped nearly 82% amid a broader rebound in U.S. regional banks on Friday after analysts upgraded a number of lenders they said were oversold, though some investors fretted the surge may be short-lived. Investor worries about the health of mid-sized lenders deepened in…
By Michael Holden LONDON (Reuters) -King Charles greeted excited crowds gathering for his coronation before hosting a reception for world leaders at Buckingham Palace on Friday ahead of what will be the biggest ceremonial event in Britain for 70 years. Charles, 74, and his wife Camilla will be crowned at London’s Westminster Abbey in a…
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average…
(Reuters) -Air Canada on Thursday raised its full-year forecast for core profit, citing a stronger-than-anticipated demand environment and lower-than-expected fuel costs. Shares of Canada’s largest carrier rose 10% on Friday. Easing restrictions spurred international travel demand, helping carriers to mitigate cost pressures even as rising inflation is making leisure activities more expensive. Despite a looming…
By Hilary Russ NEW YORK (Reuters) – More job seekers are filling out applications to sling Big Macs at McDonald’s, and Starbucks baristas are staying in their jobs longer, as a cooling economy sends workers back to low-wage restaurant gigs and keeps them there. “We’re seeing the labor situations improving,” McDonald’s Chief Executive Chris Kempczinski…
(Reuters) – Serbian President Aleksandar Vucic has proposed new gun control measures after two mass shootings in which 17 people were killed, including at least eight children. Here are some details on how Serbia and other countries have responded to such mass shootings. SERBIA Vucic proposed a moratorium on gun permits regardless of weapon type…
TORONTO (Reuters) – Canada’s economy gained a net 41,400 jobs in April, entirely in part-time work and ahead of analyst forecasts, Statistics Canada data showed on Friday. The jobless rate held at 5.0%, beating forecasts it would rise to 5.1%. Employment in the goods producing sector grew by a net 6,300 jobs, largely in construction….
By Rod Nickel and Pavel Polityuk WINNIPEG, Manitoba/KYIV (Reuters) – Ukraine’s 12-year deal to buy enough uranium from Canadian miner Cameco Corp to power all of its nuclear reactors gives each side the right to change sales volumes with two years’ notice, the Ukrainian state-owned utility Energoatom told Reuters. The unusual flexibility of the deal…
(Reuters) – Northeast Power Coordinating Council Inc (NPCC) on Thursday said its annual reliability assessment projected the regions under its oversight will have an adequate supply to meet peak electricity demand this summer. NPCC, which oversees power grids in the U.S. Northeast and eastern Canada, forecast electricity peak demand of about 105,200 megawatts (MW) this…
