(Reuters) -BlackRock, State Street and Vanguard have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that resulted in reduced coal production and higher energy prices. Wednesday’s complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting…
MILAN (Reuters) -Stellantis will again halt auto production at its historic Italian Mirafiori plant from Dec. 2 to Jan. 5 due to continuing poor sales for the electric Fiat 500 city car made there, the automaker said on Wednesday. Reuters had reported earlier this month that trade unions were expecting another production stoppage at the…
(Reuters) – Shares of warehouse automation firm Symbotic slumped more than 35% in early trading on Wednesday after the Walmart-backed company delayed the filing of its annual report citing “material weaknesses” in internal control over its financial reporting. Symbotic said it needed more time to assess the financial impacts of correcting a revenue recognition error…
By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream…
