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BUSINESS

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts […]

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BUSINESS

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets […]

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WORLD

U.S. House to vote to block rail strike despite labor objections

WASHINGTON/LOS ANGELES, Nov 29 (Reuters) – The U.S. House of Representatives was set to vote Wednesday to block a rail strike that could potentially happen as early as Dec. 9, after President Joe Biden warned of dire economic consequences and massive job losses. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a […]

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Latest-News

Small plane crash causes mass power outages near Washington

Nov 27 (Reuters) – A small plane crashed into high-voltage power lines about 30 miles north of Washington, D.C., on Sunday, causing mass outages, with rescue services working into the night to rescue two people on board the aircraft still entangled in the cables. The aircraft crashed about 5.30 p.m. (2230 GMT) in misty and […]

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BUSINESS

Wall Street slips as concerns rise of stricter China COVID curbs

Dow down 0.13%, S&P 500 down 0.39%, Nasdaq down 1.09% Disney jumps on Iger’s return as CEO Grindr falls after rocketing in debut Tesla down on vehicle recall, China COVID concerns Nov 21 (Reuters) – Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after […]

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Latest-News

Snowstorm batters western New York, restricting travel ahead of Thanksgiving

Nov 19 (Reuters) – Snowfall of more than 6 feet in western New York state prompted local officials on Saturday to further restrict road travel and forced airlines to cancel flights in the Buffalo area, just ahead of the busy Thanksgiving holiday week. New York Governor Kathy Hochul called in the National Guard, deploying about […]

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BUSINESS

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 […]

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Latest-News

North Korea flies jets, fires artillery near border after U.S. and South extend drills

SEOUL, Nov 4 (Reuters) – South Korea said it scrambled warplanes in response to 180 North Korean military flights near the countries’ shared border on Friday, and Pyongyang again demanded that the United States and South Korea halt “provocative” air exercises. The North Korean manoeuvres follow the firing of more than 80 rounds of artillery […]

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BUSINESS

Toyota cuts output target amid chip crunch as profit tumbles 25%

Q2 profit 562.7 bln yen vs 772.2 bln yen forecast Cuts FY production target to 9.2 mln units from 9.7 mln Unclear when chip shortage will end – executive Results ‘very unimpressive’ considering positive factors -analyst Shares end down 1.9%, Nikkei benchmark up 0.3% TOKYO, Nov 1 (Reuters) – Toyota Motor Corp (7203.T) on Tuesday […]

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BUSINESS

Delta Air pilots vote to authorize strike

Oct 31 (Reuters) – Pilots at Delta Air Lines (DAL.N) have voted to authorize a strike if negotiators cannot reach agreement on a new employment contract, their union said on Monday. The Air Line Pilots Association (ALPA), which represents nearly 15,000 pilots at the Atlanta-based carrier, said 99% of those who cast their ballots backed […]

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