By David Shepardson WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain met on Wednesday with President Joe Biden at the White House as the union briefed staff on contract talks with[...]
Read moreJuly 19, 2023
IBM misses second-quarter revenue estimates as tech spending cools
By Chavi Mehta (Reuters) – Enterprise software provider IBM’s second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe[...]
Read moreMicrosoft, Activision urge U.S. to drop case against deal before internal FTC judge
WASHINGTON (Reuters) -Microsoft, which is seeking to wrap up its acquisition of game-maker Activision Blizzard, urged the U.S. Federal Trade Commission to withdraw a case against the deal that the age[...]
Read moreUnited Airlines posts record high quarterly earnings, lifts full-year outlook
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international[...]
Read moreUS Fed fines Deutsche Bank $186 million for slow progress against money laundering
By Pete Schroeder and Chris Prentice WASHINGTON (Reuters) -The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently address money l[...]
Read moreUPS to sweeten offer as Teamsters-represented workers prepare to strike
By Lisa Baertlein and Priyamvada C (Reuters) – United Parcel Service on Wednesday said it would return to the bargaining table with a better offer for roughly 340,000 Teamsters-represented U.S.[...]
Read moreGlobal stocks, dollar gain as UK cooling inflation lifts sentiment
By Herbert Lash NEW YORK (Reuters) -Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation bolstered the risk-off mood across markets that anticipate[...]
Read moreUS House panel looks to revive legislation on self-driving cars
By David Shepardson WASHINGTON (Reuters) -U.S. lawmakers will look to jump start long-stalled legislation on the safe and regulated adoption of self-driving cars at a congressional hearing on July 26.[...]
Read moreUS SEC accepts six spot bitcoin ETF proposals for review
By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock for review,[...]
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