By David Shepardson WASHINGTON (Reuters) – General Motors Co said Tuesday it will recall just over 900 older vehicles worldwide with Takata air bag inflators that could rupture after an incident in Brazil. The recall covers some 2013 Chevrolet Camaro, Sonic, Volt, and TRAX (Canada-only), and Buick Verano vehicles, including 767 in the U.S., 101…
By Raphael Satter and Christopher Bing (Reuters) – An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybersecurity firm said in a report to be published on Tuesday. Researchers at Texas-based Halcyon said a company called Cloudzy had been leasing server space and…
(Reuters) – Peru’s finance minister said on Tuesday that preliminary data showed the country’s economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a recession. Finance Minister Alex Contreras told reporters he expects economic growth to return in July after preliminary data showed that the economy shrank by…
By Jack Queen and Sarah N. Lynch (Reuters) – The charges brought against former President Donald Trump on Tuesday in the federal election interference case are based in part on a law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people. Trump, the front-runner for the 2024 Republican…
(Reuters) – Insurer Allstate Corp posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from strong investment income. The insurer’s adjusted second-quarter loss widened to $4.42 per share from 75 cents a year earlier. Analysts on an average had expected a loss of $4.18 per share, according to…
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat and steel prices dropped, prompting it to forecast lower core earnings for the current quarter. Net profit for the second quarter totaled $736 million, down from $936 million in the year-ago quarter. Profit in the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A double dose of the U.S. Treasuries and dollar ‘pain trade’ looks set to put Asian markets on the defensive on Wednesday, with investors also bracing for South Korean inflation figures and an expected interest…
(Reuters) – Lumen Technologies reported a massive quarterly net loss of $8.74 billion on Tuesday, hurt by an impairment charge of nearly $9 billion in the second quarter. Shares of the Monroe, Louisiana-based company, which has lost more than 61% of their value this year, dropped more than 8% in trading after the bell. The…
By Ann Saphir (Reuters) -U.S. central bankers, less than a week after raising interest rates for an 11th time since March 2022, expressed hope they can beat inflation without cratering the job market, though they also said doing so will require keeping rates high for some time. “I’m kind of, I’m closet optimistic … my…
VF Corp cut its annual revenue forecast on Tuesday, signaling a slowdown in demand for its apparel and sneakers from price-conscious consumers, especially in North America. With the Federal Reserve further raising interest rates to combat high inflation, already shrinking consumer wallets have resulted in shoppers moving away from pricier products and spending their dollars…
