By David Shepardson WASHINGTON (Reuters) -The U.S. Environmental Protection Agency (EPA) on Monday said it was proposing new rules to cut smog-forming and greenhouse gas emissions from heavy duty vehicles. The EPA is proposing to require cuts in nitrogen oxide emissions from heavy trucks that would result in a drop of 47% to 61% by…
By Lindsay Dunsmuir (Reuters) – Russia’s invasion of Ukraine has dashed any hope U.S. consumers might have had for relief from sky-rocketing costs, with prices at the gas pump in the last week surging by the most in nearly 17 years and prices for other goods like food ready to march higher as well. Even…
(Repeats to delete repeated text in 7th paragraph) By Katanga Johnson and Jarrett Renshaw WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, said two people familiar with the agency’s planning. One of the people, who spoke anonymously about private agency plans,…
By Lawrence White and Elizabeth Dilts Marshall NEW YORK (Reuters) – Oil and other commodities prices soared while global shares sank on Monday as the risk of a U.S. and European ban on Russian crude imports threatened supply chains and heaped further inflationary pressure on economies worldwide. Brent, the international benchmark, briefly hit more than…
By David Henry and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The U.S. dollar reversed almost all of its earlier gains while the euro found itself on a steadier footing on Monday as oil prices retreated from highs reached as the United States and Europe considered banning Russian crude. The dollar index was last up less…
(Reuters) – Citigroup Inc said on Monday its unit Citi Commercial Bank (CCB) will hire 900 staffers, including 400 commercial bankers, over the next three years in a bid to fast-track its growth. The U.S. lender said that along with launching in new markets and expanding its digital capabilities, the Commercial Bank is looking to…
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices left in place a lower court’s ruling that revived the lawsuit brought over the 2018…
(Reuters) -Intel Corp said on Monday its self-driving car unit, Mobileye, has confidentially filed paperwork for an initial public offering in the United States. The company did not give more details about the offering, which could value the Israeli unit at more than $50 billion, a source previously told Reuters. Intel Chief Executive Officer Pat…
(Reuters) – Uber Technologies Inc raised its outlook for first-quarter core profit on Monday, as its ridehailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened. The company also said customers continued to order food at a high rate…
By Elvira Pollina MILAN (Reuters) -Shares in Telecom Italia (TIM) recovered from record lows on Monday as the head of Italy’s biggest phone group met investors to convince them of the merits of his plans to revive the former phone monopoly. The TIM roadshow comes ahead of a decision expected shortly from TIM on a…
