Category Archives:
California wildfire near Yosemite National Park expands overnight
By Sharon Bernstein SACRAMENTO, Calif. (Reuters) - California's largest wildfire so far this year steadily expanded overnight after exploding in size over the weekend and forcing thousands of people t...
Jul 25, 2022
Morgan Stanley’s institutional equities head David Russell to retire
(Reuters) - Wall Street giant Morgan Stanley's global co-head of institutional equities David Russell would be retiring after 32 years with the investment banking powerhouse, according to an internal ...
Jul 25, 2022
EU wins arbitration in pharma trade dispute with Turkey
GENEVA (Reuters) -The European Union received a largely favourable ruling in its trade dispute with Turkey on Monday in the first appeal settled by arbitration to circumvent problems at the World Trad...
Jul 25, 2022
Terminals at California’s third-busiest port resume regular hours on Monday
LOS ANGELES (Reuters) - Marine terminals at California's Port of Oakland reopened for regular weekday hours on Monday after independent truckers, formally ended a week-long protest of the state's new ...
Jul 25, 2022
Exclusive: U.S. Energy Department set to loan GM battery joint venture $2.5 billion
By David Shepardson WASHINGTON (Reuters) - The U.S. Energy Department on Monday plans to announce it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help fi...
Jul 25, 2022
U.S. industrials stare at profit squeeze from excess inventory, weak demand
By Aishwarya Nair (Reuters) - U.S. manufacturers are likely to see a hit to their quarterly profit in the second half of the year as higher prices for everything from light bulbs to air conditioners t...
Jul 25, 2022
Silk-FAW confirms plan to build electric sports cars in Italy
MILAN (Reuters) - Silk-FAW, a start-up between U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW, said on Monday it would press ahead with a one-billion euro ($1.02 billion...
Jul 25, 2022
Biden to hold virtual meeting with CEOs on chips legislation
WASHINGTON (Reuters) - President Joe Biden will meet virtually on Monday with the chief executives of Lockheed Martin Corp, Medtronic PLC and Cummins Inc along with labor leaders as part of the admini...
Jul 25, 2022
Pfizer loses U.S. appeal over co-pays for heart failure patients
By Jonathan Stempel NEW YORK (Reuters) - A federal appeals court on Monday rejected Pfizer Inc's challenge to a U.S. anti-kickback law that the drugmaker said prevented it from helping heart failure p...
Jul 25, 2022
Investment banker, ex-FBI trainee charged with insider trading
NEW YORK (Reuters) - A former investment banker, a former FBI agent trainee and several others were charged on Monday with insider trading in separate schemes that together generated millions of dolla...
Jul 25, 2022
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