Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Jabil’s quarterly profit beats estimates as cost cutting measures takeoff
(Reuters) - Jabil reported core quarterly profit slightly above Wall Street estimates on Thursday, as the electronic components maker turned its focus on cutting costs to navigate weak demand in a tou...
Dec 14, 2023
US Treasury unveils rules for clean energy manufacturing subsidy
(Reuters) - The U.S. Treasury on Thursday unveiled proposed guidelines for manufacturers seeking to claim a tax credit for making clean energy components like solar panels and batteries, a move aimed ...
Dec 14, 2023
US retail sales unexpectedly rebound in November; weekly jobless claims fall
WASHINGTON (Reuters) - U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start, which should keep the economy on a moderate growth path this quarter. Re...
Dec 14, 2023
US opens recall probe into over 400,000 Volkswagen, Audi vehicles
(Reuters) - A U.S. auto safety regulator said on Thursday it is opening an investigation into about 447,497 Audi A3 and Volkswagen Golf vehicles over reports alleging a fuel leak. The U.S. Office of D...
Dec 14, 2023
ECB pushes back against rate cut bets with pledge to stay tight
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) - The European Central Bank pushed back against bets on imminent cuts to interest rates on Thursday by reaffirming borrowing costs would rema...
Dec 14, 2023
AT&T to buy Rivian electric vehicles in pilot deal to cut cost, emissions
By Abhirup Roy SAN FRANCISCO (Reuters) - U.S. wireless carrier AT&T will purchase some electric vehicles from startup Rivian in a pilot program to evaluate ways to reduce cost, cut carbon emissions an...
Dec 14, 2023
Italian police seize $94 million from UPS over alleged tax and labour offences
MILAN (Reuters) - Italy's finance police on Thursday seized around 86.5 million euros ($94.5 million) from the Italian arm of U.S. package delivery company United Parcel Service over alleged tax fraud...
Dec 14, 2023
China EV maker Zeekr unveils fast-charging LFP battery
SHANGHAI (Reuters) - Zeekr, the premium electric vehicle brand of Chinese automaker Geely, unveiled on Thursday lithium iron phosphate batteries it developed that support fast charging. Zeekr becomes ...
Dec 14, 2023
Bank of England pushes back against rate cut speculation
By David Milliken, Andy Bruce and Suban Abdulla LONDON (Reuters) - The Bank of England stuck to its guns on Thursday and said British interest rates needed to stay high for "an extended period", a day...
Dec 14, 2023
Exclusive-Guggenheim oil and gas bankers leave for Moelis after mega-deal miss -sources
By David French (Reuters) - Six U.S. oil and gas bankers who missed out on a wave of mega deals in the oil patch after leaving mergers and acquisitions powerhouse Citigroup last year to join smaller f...
Dec 14, 2023
