Category Archives:
Cummins to take $2 billion hit in fourth quarter from emission claims settlement
(Reuters) -Cummins said on Friday it expects to take nearly $2.04 billion charge in the fourth quarter as it reached an agreement to resolve regulatory claims on its emissions certification and compli...
Dec 22, 2023
US Fed pivot dominates as global rate hike cycle stutters in December
By Karin Strohecker and Sumanta Sen LONDON (Reuters) - A long awaited shift in the U.S. Federal Reserve's monetary policy arrived in December with major developed central banks delivering just one inc...
Dec 22, 2023
US equity funds see big outflows on profit-taking ahead of inflation report
(Reuters) - U.S. equity funds saw significant outflows in the week ended Dec. 20, as investors took profits ahead of a key U.S. inflation report and as enthusiasm over potential rate cuts diminished. ...
Dec 22, 2023
Air Lease gets insurance settlement for four jets stranded in Russia
(Reuters) - Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked fr...
Dec 22, 2023
Toyota’s Daihatsu to halt domestic production until end-Jan – Nikkei
TOKYO (Reuters) - Toyota Motor's small car unit Daihatsu Motor has decided to halt production at all its domestic plants until the end of January, the Nikkei business daily said on Friday, without cit...
Dec 22, 2023
Bristol Myers to buy Karuna Therapeutics for $14 billion
(Reuters) -Bristol Myers Squib agreed to buy Karuna Therapeutics for $14 billion on Friday, gaining a promising experimental schizophrenia drug that would help the drugmaker against patent expiration ...
Dec 22, 2023
Ships rerouted by Red Sea crisis face overwhelmed African ports
By Wendell Roelf CAPE TOWN (Reuters) - Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African po...
Dec 22, 2023
At least 31 killed in floods in India’s Tamil Nadu
By Praveen Paramasivam CHENNAI (Reuters) - At least 31 people were killed in floods and heavy rain in India's southern state of Tamil Nadu this week, a top federal minister said on Friday, as rescuers...
Dec 22, 2023
Futures inch lower with all eyes on inflation data; Nike slides
(Reuters) - U.S. stock index futures dipped on Friday on caution ahead of a key inflation report, which could test an eight-week long rally driven by optimism that the Federal Reserve could lower inte...
Dec 22, 2023
Swedish court rejects Tesla appeal over licence plates
(Reuters) - A Swedish appeals court has rejected Tesla's attempt to force postal firm PostNord to deliver licence plates to the U.S. automaker, according to a ruling made on Thursday, part of a wider ...
Dec 22, 2023
Peoria, IL, USA
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