(Reuters) – Air conditioner maker Carrier Global Corp said on Tuesday it would buy German industrial firm Viessmann Group’s unit that makes heating boilers and heat pumps in a 12 billion euros ($13.17 billion) cash-and-stock deal. The acquisition is expected to enhance Carrier’s strategy to capitalize on the rapid energy transition in Europe and give…
WASHINGTON (Reuters) – U.S. nuclear regulator said on Tuesday it has launched an inspection to examine ground settling at various places around Energy Harbor Corp’s Davis-Besse nuclear power plant in Ohio. The Nuclear Regulatory Commission said in release it determined a “special inspection” was necessary after learning that a failure in October 2022 of a…
By Tom Polansek CHICAGO (Reuters) -Cargill Inc will need months to fully sever ties with a U.S. company fined for hiring kids to do dangerous work cleaning meat plants, the head of the meatpacker’s North American protein business said on Tuesday. The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy on Tuesday while plunging deposits at regional First Republic Bank added to jitters about the bank sector’s health. Shares in…
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries. The resolutions won only about 10% support of votes cast at…
By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis. First…
By Mehnaz Yasmin (Reuters) -Visa Inc reported a better-than-expected second-quarter profit on Tuesday and bet on sustained growth at its payments business, as consumers brace for a milder recession than was once feared. The San Francisco-based payments processor’s shares, up 11% so far this year, rose another 2.4% in after-hours trading. Card companies escaped the…
SANTIAGO (Reuters) – Chile’s state development office Corfo said on Tuesday it met with U.S.-based miner Albemarle to discuss the South American country’s plan to nationalize the lithium industry. Chile’s leftist President Gabriel Boric last week announced that control of the country’s vast lithium operations would over time be transferred from Albemarle and SQM to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An unholy trinity of U.S. developments on Tuesday – poor corporate earnings, a bank’s value going up in smoke and slumping consumer confidence – will likely set an extremely gloomy tone for Asian markets on Wednesday. This will…
By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald’s, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda, appliances and other goods bolstered profits, but sales volumes declined for many bellwethers in Europe…
