By Leah Douglas WASHINGTON (Reuters) – The Biden administration said on Wednesday the plan from U.S. Republican lawmakers to cut federal spending for a decade in exchange for raising the debt ce[...]
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April 26, 2023
Bank stress likely to lead to tighter lending, corporate defaults – BofA credit survey
LONDON (Reuters) – Bank stress will likely be limited to a small number of banks but lead to tighter lending conditions and a pick-up in corporate defaults, a Bank of America April credit invest[...]
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Uber drivers are not interstate workers exempt from arbitration, US court rules
By Daniel Wiessner (Reuters) – Uber Technologies Inc drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private arbitration rather than joining class a[...]
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Boeing plans 737 MAX ramp-up, keeps cash-flow goal
By Valerie Insinna and Abhijith Ganapavaram (Reuters) – Boeing Co said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end and keep its annual cash[...]
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Stellantis offering voluntary buyouts to 33,500 US employees
By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis NV said Wednesday it is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations. The offers[...]
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US debt ceiling technical default seen at 2%-3%, says Summers
By Davide Barbuscia CHICAGO (Reuters) – Former U.S. Treasury Secretary Lawrence Summers said the odds that the U.S. government could face a technical debt default due to legislation around its b[...]
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Norfolk takes $387 million charge due to Ohio derailment, warns on volumes
(Reuters) -U.S. railroad operator Norfolk Southern Corp took a $387 million charge in the first quarter due to the Ohio freight train derailment and said it expects economic headwinds to weigh on its[...]
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Humana lifts profit outlook as medical costs drop in govt plans
By Khushi Mandowara and Leroy Leo (Reuters) -Humana Inc raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm’s government-backed health insurance busines[...]
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Exclusive-Prosecutors in Brazil state sue AngloGold Ashanti over dam safety
By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking 50 million reais ($9.91 million) in[...]
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