By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair, a ke[...]
Read more
May 12, 2023
France lands battery gigafactory with sweeteners, zero-carbon power
By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from Presid[...]
Read more
FDA issues marketing denial for 6,500 flavored e-cigarettes
(Reuters) -The U.S. Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette[...]
Read more
U.S. demands recall of 67 million air bag inflators
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag inflators because it believes there is a safety defect, b[...]
Read more
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the f[...]
Read more
World Bank’s Malpass: U.S. debt limit standoff adds to global economic woes
By Andrea Shalal NIIGATA, Japan (Reuters) -The risk of a U.S. payments default is adding to problems facing a slowing global economy, with rising interest rates and high debt levels already choking ba[...]
Read more
GM recalling nearly 1 million U.S. vehicles for air bag defect
By David Shepardson WASHINGTON (Reuters) -General Motors said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver’s air-bag inflator may expl[...]
Read more
Proxy adviser ISS backs one of Icahn’s nominees for Illumina board
(Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Friday backed only one of Carl Icahn’s three nominees to Illumina Inc’s board, saying that the activist investor[...]
Read more
Stocks slip as US consumer confidence slumps, dollar gains
By Herbert Lash NEW YORK (Reuters) -The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May, reinforcing bear[...]
Read more