By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector…
Month: July 2024
Tesla halted some production lines due to global IT outage, Business Insider reports
(Reuters) -Tesla halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. The automaker sent some production employees home early during…
Activist investor Elliott builds sizeable stake in Starbucks, says source
(Reuters) -Activist investor Elliott Investment Management has built a sizeable stake in Starbucks, a source told Reuters on Friday. The Wall Street Journal had first reported on the development. Elliott has been…
US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Friday it had fined Utah-based Green Dot $44 million for numerous “unfair and deceptive” practices, as well as deficient risk…
Explainer-The $91-million question: What happens to Biden’s campaign money?
By Jason Lange and Stephanie Kelly WASHINGTON (Reuters) – President Joe Biden’s re-election campaign has a massive bank account that could benefit an alternative candidate if he dropped his White House bid,…
Exclusive-Collaboration software maker Smartsheet fields buyout interest, sources say
By Milana Vinn and Anirban Sen (Reuters) – Smartsheet, a U.S. maker of workplace collaboration software with a market value of $6.3 billion, has tapped investment bankers after attracting acquisition interest from…
Trump-style ear bandages are new trend at Republican National Convention
MILWAUKEE (Reuters) – At the Republican National Convention in Milwaukee this week, a fashion trend with a difference has emerged — fake ear bandages, donned by attendees as a symbolic gesture of…
US appeals court blocks all of Biden student debt relief plan
By Nate Raymond (Reuters) -A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions…
US bank regulator warns against ‘worrisome’ state laws targeting banks
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the “worrisome trend” of states adopting laws meant to police national…
Boeing door blowout crisis hitting suppliers, airlines and passengers
By Rajesh Kumar Singh and Allison Lampert (Reuters) – After a door panel on an Alaska Airlines-operated Boeing 737 MAX 9 jet blew off midair in January, Anneke Palmerton learned the carrier…