By David Shepardson WASHINGTON (Reuters) -The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since J[...]
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April 12, 2024
NYCB replaces CFO with banking industry veteran Gifford
(Reuters) -New York Community Bancorp on Friday named banking industry veteran Craig Gifford as its finance chief to succeed John Pinto, as it tries to shore up investor confidence after disclosing fa[...]
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Tesla cuts Full Self-Driving subscription prices in US, Canada
(Reuters) -Elon Musk’s Tesla said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand an[...]
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SAG-AFTRA union secures AI protections for artists in deal with major record labels
(Reuters) – Hollywood performers and media professionals have reached a tentative deal with major record labels such as Warner Music Group and Sony Music Entertainment that includes increases in[...]
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UniCredit investors back new term for CEO Orcel, support pay rise
MILAN (Reuters) -UniCredit shareholders on Friday voted to give CEO Andrea Orcel another three-year mandate and backed the remuneration policy that makes him one of Europe’s best-paid bankers. S[...]
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Wall St ends sharply lower on mixed earnings, sticky inflation, geopolitical fears
By Stephen Culp NEW YORK (Reuters) -U.S. stocks sold off on Friday after major U.S. banks’ results failed to impress, capping a week marked by market-moving inflation data, evolving expectations[...]
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US banks’ profit picture less clear with cloudy rates trajectory
NEW YORK (Reuters) – The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year. Ba[...]
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Exclusive-Spirit AeroSystems limits overtime and hiring as Boeing 737 output drops
By Allison Lampert (Reuters) -Boeing’s key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on Friday.[...]
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World Bank chief pushes internal reforms at spring meetings
By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements next week to speed up the development lender’s l[...]
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