Jan 15 (Reuters) – GE Aerospace said on Thursday it has appointed veteran executive Mohamed Ali to lead its expanded commercial engines and services (CES) division, which will now also include the technology and operations team. Russell Stokes, who led the CES team, will retire in July after spending 29 years with the company. Stokes…
By Abigail Summerville ORLANDO, Florida, Jan 16 ((Reuters)) – Dealmakers predict an uptick in mergers and IPOs for retailers and consumer goods companies this year after punishing tariffs on imports to the U.S. had sidelined activity in the industry for the first half of 2025. Several national restaurant and convenience store chains are primed for…
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE, Jan 15 (Reuters) – Hong Kong conglomerate CK Hutchison Holdings Ltd is seeking a valuation of around $30 billion for retail unit A.S. Watson Group’s listings in Hong Kong and London as soon as the second quarter, two people with knowledge of the matter said. CK Hutchison…
By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Jan 14 (Reuters) – Chevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country, three oil industry sources told Reuters on Wednesday. The U.S. oil producer is anticipated to be…
Jan 12 (Reuters) – A U.S. judge on Monday will consider a request from Danish energy company Orsted for an injunction against the Trump administration’s decision to halt its $5 billion Revolution Wind project off the coast of Rhode Island. The company’s lawsuit is one of several filed by offshore wind companies and states seeking…
By Jonathan Stempel Jan 12 (Reuters) – The parent of Pacific Gas and Electric reached a $100 million settlement with shareholders who accused the utility operator of misleading them about its wildfire prevention and safety protocols before wildfires in northern California in 2017 and 2018. A preliminary settlement with PG&E was filed on Saturday with…
By David Lawder LE SUEUR, Minnesota, Jan 9 (Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has notified four money transfer firms they are under investigation for alleged fraud as part of a crackdown on federal social benefits abuses in Minnesota, Treasury Secretary Scott Bessent said on Friday. Bessent also told a…
By John Kruzel WASHINGTON, Jan 9 (Reuters) – The U.S. Supreme Court agreed on Friday to hear a dispute involving fines imposed by the Federal Communications Commission on major U.S. wireless carriers for sharing customer location data without consent in the latest case to reach the justices challenging the powers of a U.S. regulatory agency….
NEW YORK, Jan 9 (Reuters) – U.S. job growth slowed more than expected in December amid business caution about hiring because of import tariffs and rising artificial intelligence investment, but the unemployment rate dipped to 4.4%, supporting expectations the Federal Reserve would leave interest rates unchanged this month. Nonfarm payrolls increased by 50,000 jobs last…
By Kanishka Singh Jan 8 (Reuters) – Canadian Prime Minister Mark Carney spoke to Brazilian President Luiz Inacio Lula da Silva on Thursday about the situation in Venezuela, and the two countries have affirmed their support for a “peaceful, negotiated, and Venezuelan-led transition process.” The U.S. military seized ousted Venezuelan leader Nicolas Maduro and his…
