(This April 18 story corrects to show operating ratio declined, error also occurred in previous updates) FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren By Lisa Baertlein and Rachit Vats (Reuters) – U.S.…
Category: News
All kinds of news.
Hundreds sign online petition supporting woman suing JD.com CEO in rape case
SHANGHAI (Reuters) – Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc. FILE PHOTO: JD.com founder Richard Liu attends a Reuters interview…
U.S. refiners planning major plant overhauls in second quarter
HOUSTON (Reuters) – U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration. FILE PHOTO: The British Petroleum oil refinery is seen in…
China will keep supporting economy as ‘pressure’ lingers: politburo
BEIJING (Reuters) – China will maintain policy support for the economy, which still faces “downward pressure” and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday. FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings…
Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss,…
Exclusive: Tereos still searching for wider funding – sources
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout) FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March 20, 2019. REUTERS/Benoit Tessier/File Photo…
Fiat Chrysler recalls 320,000 Dart cars that could roll away
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of…
Venezuela congress to weigh 2020 PDVSA bond payment next week
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of…
Return of the bench seat: Concept EVs show space big enough for sofas
FILE PHOTO: A designer presents an Audi AI:me concept car during an unveiling event in Shanghai, China April 15, 2019. REUTERS/Norihiko Shirouzu/File Photo SHANGHAI (Reuters) – Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in…
Boeing 737 MAX joint governmental review will begin April 29: FAA
FILE PHOTO: A 737 Max aircraft is pictured at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include…
PepsiCo results beat as new CEO’s ad push lifts sales
(Reuters) – PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally. FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22,…
U.S. homebuilding near two-year low; permits extend decline
WASHINGTON (Reuters) – U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates. FILE PHOTO: A construction worker builds a single family home in San Diego, California, U.S. February 15, 2017.…
SEC fines Prosper Funding $3 million for overstating net returns to investors
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating…
Will the Benettons use Alitalia to fly in from the cold?
MILAN/ROME (Reuters) – Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. FILE PHOTO: An Alitalia Airbus A320-200 airplane comes in to…
U.S. wins WTO ruling against China grain import quotas
GENEVA (Reuters) – The United States won a World Trade Organization (WTO) ruling on Thursday against China’s use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports. FILE PHOTO: A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva,…