(Reuters) – Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a controversial energy bill, JP Morgan said in a report. According to the bank, President Andrés Manuel López Obrador’s plan to tighten state control of the electricity market…
By Lewis Krauskopf, Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in…
(Reuters) – Citigroup said on Friday it has asked vaccinated staff in the New York Tri-State area to prepare for a return to office from Feb. 7, according to a person familiar with the matter. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Vinay Dwivedi)
By Daniel Wiessner (Reuters) – Amazon.com Inc may soon face claims from a U.S. labor board that it unlawfully fired a vocal union supporter at a New York warehouse in the midst of an organizing campaign. A National Labor Relations Board (NLRB) official in Brooklyn recently found that claims involving the worker, Daequan Smith, had…
Candy maker Mars is giving a makeover to its six M&M’s characters as a way to promote inclusivity. The company said that it will provide a modern take on the appearances of the characters — which Mars calls “lentils” — and give them more nuanced personalities. The lentils, which are featured in red, green, orange,…
By David Shepardson and Jane Lanhee Lee WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage of semiconductors affects everything from smartphones to cars. The move is part of Chief Executive…
By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) -Risk aversion dominated markets on Friday as stocks slumped on Wall Street and in Europe, oil prices fell from seven-year highs earlier in the week and bond prices surged with traders scurrying for the relative safety of government debt. Poor subscriber growth reported late Thursday at…
LANSING, Mich. (AP) — General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected to approve an incentives package Tuesday, according to a meeting agenda posted online. The Associated…
By Julia Love SAN FRANCISCO (Reuters) -A group of employees at an Activision Blizzard studio that works on the “Call of Duty” franchise said on Friday that they had formed a union and would seek voluntary recognition from the company, signaling organized labor’s first foothold at the video game giant. The union, supported by the…
DENVER (AP) — Colorado, the U.S. government and a gold mining company have agreed to resolve a longstanding dispute over who’s responsible for continuing cleanup at a Superfund site that was established after a massive 2015 spill of hazardous mine waste that fouled rivers with a sickly yellow sheen in three states and the Navajo…
