(Reuters) – California’s electric grid operator has approved a plan expected to cost $7.3 billion for 45 new power transmission projects over the next decade and made it easier for new power plants in high-priority areas to connect to the grid. The projects will support the development of more than 40 gigawatts (GW) of new…
(Reuters) – Walt Disney Co on Monday dismissed the idea of building miniparks in the United States, saying the media company would instead spend on its major theme parks and cruise ships. “Focusing on our core assets is where we should be spending most of our opportunity,” Disney parks chief Josh D’Amaro said at a…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation under control without causing some amount of job loss. “It would be a historical anomaly and quite a feat” to get inflation back…
(Reuters) -The inflation wave that crested at a 40-year high last year and remains elevated has eroded U.S. households’ sense of financial security, the Federal Reserve reported Monday, with many saying they had reduced their savings to make ends meet, felt less secure about retirement, and had delayed purchases or swapped into cheaper products as…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
By Padraic Halpin DUBLIN (Reuters) – Ryanair aims to boost profit by 10% this year after almost record earnings for its last financial year, CEO Michael O’Leary said on Monday, and it may do better if rival airlines’ “irrationally exuberant” summer fare forecasts are right. Europe’s largest airline by passenger numbers said it expects 10%…
By Mike Scarcella (Reuters) – Microsoft Corp evaded a potential early legal obstacle in its $69 billion deal to acquire “Call of Duty” videogame maker Activision Blizzard Inc, when a U.S. judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition. The private plaintiffs sued Microsoft in California federal…
By Padraic Halpin DUBLIN (Reuters) -Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States. The fine, imposed by Ireland’s Data Protection Commissioner (DPC), came after Meta…
By Timothy Gardner (Reuters) – A transgender Mississippi girl declined to participate in high school graduation on Saturday after a U.S. District Judge said the school district could bar her unless she dressed in clothes required for boys, a lawyer for the girl said. U.S. District Judge Taylor McNeel, an appointee of former Republican President…
(Reuters) – U.S. automaker Ford Motor Co on Monday entered into a series of new deals to source battery-grade lithium, as it plans to scale up electric vehicle production and take advantage of government tax credits. Robust demand for environment-friendly vehicles has sent North American automakers scrambling for a steady supply of raw materials to…
