By David Shepardson WASHINGTON (Reuters) -The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s signature $1.75 trillion Build Back Better legislation. General Motors CEO Mary Barra, Ford Motor CEO Jim Farley, Salesforce co-CEO Marc Benioff, Microsoft President Brad…
By Ann Saphir (Reuters) – Signaling U.S. President Joe Biden’s picks for the Federal Reserve may face a tough confirmation process in the closely divided Senate, Republican Senator Pat Toomey told the president he doesn’t think his choices fairly represent the nation for which they will help set monetary policy. “I write to express my…
(Reuters) – Bank of America Corp is bringing employees back to offices in parts of the United States where new COVID-19 cases have started to decline, a person familiar with the matter told Reuters on Tuesday. The company had earlier encouraged employees to work remotely during the first three weeks of January, after a big…
(Reuters) – Bank of America Corp will reward employees for the bank’s strong performance through special bonuses for the fifth straight year, according to an internal memo seen by Reuters. Roughly 97% of the bank’s employees, who make up to $500,000 in total annual compensation, will be eligible for the bonuses. “For this year, the…
WASHINGTON (Reuters) – The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday on his signature $1.75 trillion Build Back Better legislation, officials told Reuters. “We have an event tomorrow on Build Back Better where there will be a number of CEOs here,” White…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big- ticket items even as they grew less optimistic about business and labor market conditions in the short term. The survey from the Conference Board on Tuesday also showed consumers’ inflation expectations…
(Reuters) – Hess Corp said on Tuesday it expects 2022 capital budget for production to rise 37% as the oil company looks to focus on its operations in Guyana and the U.S. Bakken shale basin. A more than 50% rise in global crude prices in the past year to above $86 a barrel is expected…
By Elizabeth Howcroft LONDON (Reuters) – European stocks picked up on Tuesday but Wall Street futures were down amid nervousness about tensions between Russia and the West and the prospect of the U.S. Federal Reserve tightening monetary policy soon. Those two factors combined have put world stocks on course for their biggest monthly drop since…
(Refiles to remove media from headline) TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter. Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A…
By Mike Stone WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC), which assesses mergers to ensure they comply with antitrust law, has informed Lockheed Martin that its planed purchase of Aerojet Rocketdyne will raise antitrust concerns, the company said on Tuesday. The FTC told Lockheed that “concerns regarding the transaction cannot be adequately addressed by…
