By David Shepardson (Reuters) -Chrysler parent Stellantis sharply criticized the demands of the United Auto Workers (UAW) union on Friday, saying they need “a focus on reality from everyone invo[...]
Read more
August 11, 2023
Trucking firm Yellow extends bankruptcy loan talks until next week
By Dietrich Knauth NEW YORK (Reuters) -Trucking firm Yellow Corp will extend negotiations on a bankruptcy loan until next week, seeking to explore at least two alternative loan proposals that would pr[...]
Read more
Strong services costs lift US producer prices; inflation expectations dip
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year, but the trend[...]
Read more
US securities regulator probes Illumina over Grail deal
(Reuters) -The U.S. Securities and Exchange Commission (SEC) has begun an investigation into Illumina’s $7.1 billion acquisition of cancer detection test maker Grail, the gene sequencing company[...]
Read more
US SEC seeks to appeal Ripple Labs crypto decision
(This Aug. 9 story has been corrected to show that a judge found the SEC had a plausible claim that the Terra USD token qualified as a security in paragraph 8) By Jonathan Stempel NEW YORK (Reuters)[...]
Read more
US investors flag retaliation risks after Biden’s China tech curbs
(Reuters) – While the market mostly shrugged off President Joe Biden’s move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retal[...]
Read more
Italy signs preliminary deal with KKR to take up to 20% of TIM’s grid
MILAN (Reuters) – The Italian government could end up with a stake of as much as 20% in Telecom Italia’s landline grid after signing a preliminary agreement with U.S. fund KKR, which is li[...]
Read more
Lawsuit claiming HP all-in-one printers are defective can proceed
By Jonathan Stempel (Reuters) – A federal judge has rejected HP’s bid to dismiss a lawsuit claiming that it intentionally designed its all-in-one printers to be unable to scan or fax when[...]
Read more
US consumer sentiment dips in August; inflation expectations improve
WASHINGTON (Reuters) – U.S. consumer sentiment dipped in August, but Americans expected inflation to edge lower over the next year and beyond, a survey showed on Friday. The University of Michig[...]
Read more