By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States. Approval of Orsted’s Ocean Wind by the Interior Department is…
By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in the second quarter on improving supply and strong demand, signaling that rising interest rates have not yet had a meaningful impact on purchases. Vehicle production took a hit after the pandemic disrupted supply of semiconductor…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – Even as it has ushered in sweeping changes to American law and society – on abortion, gun rights and affirmative action – the U.S. Supreme Court has kept tabs on another issue of keen interest to its conservative majority: keeping federal regulatory power in check. The…
By Tim Reid and Nathan Layne (Reuters) – Real estate mogul Ron Weiser has been one of the biggest donors to the Michigan Republican Party, giving $4.5 million in the recent midterm election cycle. But no more. Weiser, former chair of the party, has halted his funding, citing concerns about the organization’s stewardship. He says…
(Reuters) -Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms’ decision to stop access to news on the platforms in Canada over a law requiring payments to local news publishers. The “Online News Act”, or House of Commons bill C-18, introduced in April last year laid out rules…
By Anirban Sen and Abigail Summerville NEW YORK (Reuters) -Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said. The deal values private equity-backed Kevin’s at nearly $800 million, according to people familiar with the matter. Kevin’s started…
(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel…
By Ali Sawafta JENIN, West Bank (Reuters) – Palestinian militant fighters paraded in Jenin on Wednesday and angry crowds confronted senior Palestinian Authority officials, accusing them of weakness, after one of the largest Israeli military operations in the occupied West Bank in years. The two-day operation, which the Israeli military said targeted infrastructure and weapons…
By Bianca Flowers BELVIDERE, Illinois (Reuters) – A shuttered Illinois Jeep assembly plant will be at the center of a power struggle between the United Auto Workers union and Detroit’s automakers as the manufacturers double down on cutting costs to fund an accelerated transition to electric vehicles. When the Stellantis factory in the northern Illinois…
(Reuters) – General Motors on Wednesday reported a 19% rise in second-quarter U.S. auto sales as easing supply chain pressures allowed the automaker to ship more cars and trucks to dealers. GM said second-quarter sales jumped to 691,978 vehicles from 582,401 vehicles a year earlier. (Reporting by Pratyush Thakur in Bengaluru; Editing by Shounak Dasgupta)
