By Nora Eckert DETROIT (Reuters) – At a packed investor day in Dearborn, Michigan, last year, Ford Motor executives lauded their forthcoming three-row electric SUV, which they said would be roll[...]
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Explainer-Why the Canadian freight rail halt will roil North American supply chains
By David Ljunggren OTTAWA (Reuters) – Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an unprecedented sim[...]
Read moreTD Bank posts first loss in over two decades after $2.6 billion hit tied to US probe
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) -TD Bank on Thursday reported its first loss in over two decades after setting aside an extra $2.6 billion to cover expected fines from U.S.[...]
Read moreMiners Rio Tinto, Teck take steps to minimize Canada rail shutdown impact
By Divya Rajagopal and Mrinalika Roy TORONTO (Reuters) -Rio Tinto and Teck Resources said on Thursday the labor dispute between Canada’s two biggest railway companies and their workers would lik[...]
Read moreOil prices gain 2% on hopes of a US Fed rate cut next month
By Nicole Jao (Reuters) -Oil prices rose on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude futures gained $1.55,[...]
Read moreUS capital hikes and other Wall Street bank rules now hinge on US election
By Pete Schroeder WASHINGTON (Reuters) – U.S. regulators will not be able to finalize contentious bank capital hikes before the November presidential election, casting doubt over whether those a[...]
Read moreTim Draper leads $2.5 million funding round for crypto startup Ark Labs
By Niket Nishant (Reuters) – Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions and lower costs, has raised $2.5 million in a pre-seed funding round led by[...]
Read moreAdvance Auto Parts sells Worldpac unit to Carlyle Group for $1.5 billion, cuts forecast
By Nathan Gomes and Abigail Summerville (Reuters) – Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations,[...]
Read moreWalmart partners with Burger King to offer discounted deals to members
(Reuters) -Walmart said on Thursday it has partnered with Restaurant Brands’ Burger King to offer discounted meal benefits to its membership customers as the retail giant looks to make its servi[...]
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