By Sabrina Valle (Reuters) – It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California[...]
Read more
January 29, 2024
Nucor’s fourth-quarter sales, profit decline on lower pricing, volumes
(Reuters) – Steelmaker Nucor Corp posted a decline in its fourth-quarter profit on Monday, hurt by lower pricing of its products and sales volumes across all its segments. The Charlotte, North C[...]
Read more
American Airlines’ customer support team rejig to impact about 600 jobs
(Reuters) – American Airlines Group said on Monday about 600 jobs at its customer support team would be impacted, as the carrier works to rejig the team. “The immediate impact will be on r[...]
Read more
New York state comptroller asks Boeing CEO to explain handling of MAX 9 fallout -letter
By Rajesh Kumar Singh CHICAGO (Reuters) -New York State’s comptroller has asked Boeing CEO Dave Calhoun to explain how it is handling its current crisis in the wake of a door plug blowout on its[...]
Read more
Teradyne pulled $1 billion worth of manufacturing from China amid US export controls
By Karen Freifeld (Reuters) – Teradyne, a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday,[...]
Read more
Whirlpool shares slip after weaker-than-expected annual forecasts
(Reuters) – Whirlpool forecast full-year sales and profit below analysts’ estimates on Monday, as the home appliance maker navigates pricing pressure from rivals and higher expenses, sendi[...]
Read more
Super Micro surges as sales projection fuels AI rally
(Reuters) – Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the server seller projected stronger-tha[...]
Read more
Albemarle lays off 4% of its global workforce -The Information
(Reuters) -Albemarle, the world’s largest lithium producer, has laid off more than 300 employees, or 4% of its workforce, as part of a previously announced round of cost-cuts, The Information ne[...]
Read more
Stocks surge, bond yields slip ahead of Fed decision
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) – Global stocks surged on Monday, with the S&P 500 closing at a new record close and European shares hitting a two-year high, as marke[...]
Read more