By Tim Hepher LISBON (Reuters) – Brazilian aircraft manufacturer Embraer voiced “full support” for Pratt & Whitney as it battles durability problems on recent jet engines, but blamed a separate tussle with engine makers for the suspension of a new turboprop plane project. Chief Executive Francisco Gomes Neto told reporters that Raytheon Technologies unit Pratt…
By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians. At least seven members of the Net-Zero Insurance Alliance (NZIA), which launched…
By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp. were down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker’s blowout forecast, according to financial data firm S3 Partners. For the year to date, including this morning’s move, Nvidia shorts…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday curbed state and local governments from seizing and selling the homes of people with unpaid property taxes and keeping the proceeds beyond the amount owed, unanimously ruling in favor of a 94-year-old woman who waged a battle with tax authorities in Minnesota. The justices…
(Reuters) -Boeing Co has started delivering reworked 737 jets to customers after a manufacturing snafu forced a brief halt but the top end of its full-year free cash flow forecast was a “bit pressured”, its finance chief said on Thursday. The resumption should help achieve the goal of 400-450 deliveries of the jet this year,…
By Marc Jones LONDON (Reuters) – Markets were stuck in debt ceiling limbo on Thursday, while Europe largely shrugged off news that its biggest economy, Germany, had sagged into recession and that all the debt wrangling could cost the U.S. a couple of AAA credit ratings. With traders fixated by the funding fight in Washington,…
LONDON (Reuters) – Credit rating agency DBRS Morningstar put its rating for the United States on review for a downgrade on Thursday over Washington’s haggling over its borrowing limits, less than 24 hours after Fitch issued a similar warning. “The Under Review with Negative Implications reflects the risk of Congress failing to increase or suspend…
(Reuters) – Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth…
By Svea Herbst-Bayliss and Greg Roumeliotis NEW YORK (Reuters) -Activist investor Carl Icahn is set to win enough Illumina Inc shareholder support to install at least one of his three nominees to the gene sequencing machine maker’s board, two people familiar with the matter said on Wednesday. A preliminary vote tally shows that Icahn nominee…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast said it is recalling all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by U.S. authorities. The move came after the U.S. National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s VF…
