Business

Ananym urges BWX Technologies to commercialize reactor design, says shares could double

Tuesday, May 12 by SRN News

By Svea Herbst-Bayliss NEW YORK, May 12 (Reuters) - Activist investor Ananym Capital Management sees room for BWX Technologies' stock to double in coming years if the defense and energy company commercializes its mothballed nuclear reactor design to help meet ballooning energy demand. The two-year-old investment... Read More.

Walmart lays off or relocates about 1,000 corporate workers, WSJ reports

Tuesday, May 12 by SRN News

May 12 (Reuters) - Walmart would cut or relocate about 1,000 corporate workers as it looks to combine more of its global-technology and AI product teams, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Under new CEO John Furner and... Read More.

Global EV demand rises for second month, data shows

Tuesday, May 12 by SRN News

By Amir Orusov and Mathias de Rozario May 13 (Reuters) - Global demand for electric vehicles rose for a second straight month in April as high petrol prices kept steering buyers away from combustion-engine cars, data from consultancy Benchmark Mineral Intelligence showed on Wednesday.... Read More.

Union says BP delaying negotiations following Whiting refinery lockout

Tuesday, May 12 by SRN News

May 12 (Reuters) - BP has not resumed contract talks with a U.S. steelworkers' union since locking out more than 800 workers at its Whiting, Indiana, refinery in March, the union said on Tuesday, accusing the company of delaying negotiations while claiming publicly it... Read More.

Brazil says the EU has moved to block its animal product exports starting from September

Tuesday, May 12 by SRN News

SAO PAULO (AP) - Brazil said Tuesday that the European Union has moved to block its animal product exports from September, just days after a mega deal between the South American trade bloc Mercosur and the EU on a trans-Atlantic market estimated at $22... Read More.

What a US gas tax suspension could mean for drivers and the prices they see at the pump

Tuesday, May 12 by SRN News

NEW YORK (AP) - As steep fuel prices strain household budgets during the war with Iran, U.S. President Donald Trump wants to suspend his government's tax on gasoline. It's a move Trump can't do on his own - and the president has yet to specify... Read More.

Fervo Energy raises $1.89 billion in US IPO

Tuesday, May 12 by SRN News

May 12 (Reuters) - Geothermal energy developer Fervo Energy said on Tuesday it has raised $1.89 billion in its upsized U.S. initial public offering, highlighting robust investor appetite for the listing. The Houston-based company sold 70 million shares at $27 apiece, securing a valuation of... Read More.

Brazil’s Lula scraps tax on imports under $50 before election

Tuesday, May 12 by SRN News

BRASILIA, May 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva on Tuesday signed an executive order to eliminate federal taxes on foreign purchases worth up to $50, reversing course on a highly unpopular levy as he gears up to seek re-election in... Read More.

JBS posts 56% drop in Q1 net profit amid challenges in North American operations

Tuesday, May 12 by SRN News

SAO PAULO, May 12 (Reuters) - Brazil's JBS, the world's largest meatpacker, posted a 56% decline in its first-quarter net profit on Tuesday, missing market estimates as the firm grappled with challenges across its beef and poultry operations in North America. The company, whose products... Read More.

US tariff refunds start rolling out as Oshkosh, Basic Fun report receiving payments

Tuesday, May 12 by SRN News

By Timothy Aeppel May 12 (Reuters) - Heavy-truck maker Oshkosh Corp and toy maker Basic Fun on Tuesday both said they had received partial payments of the refunds they had sought of the import tariffs they had paid under the Trump administration that were invalidated... Read More.

Current Weather

Ananym urges BWX Technologies to commercialize reactor design, says shares could double

Walmart lays off or relocates about 1,000 corporate workers, WSJ reports

Global EV demand rises for second month, data shows

Union says BP delaying negotiations following Whiting refinery lockout

Brazil says the EU has moved to block its animal product exports starting from September

What a US gas tax suspension could mean for drivers and the prices they see at the pump

Fervo Energy raises $1.89 billion in US IPO

Brazil’s Lula scraps tax on imports under $50 before election

JBS posts 56% drop in Q1 net profit amid challenges in North American operations

US tariff refunds start rolling out as Oshkosh, Basic Fun report receiving payments

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