Business

Boeing probing worker death as union calls for accountability

Friday, May 8 by SRN News

May 8 (Reuters) - Boeing said on Friday it was continuing to investigate a workplace accident that led to the death of an employee last month, after a union called for full accountability over the incident. Daniel Lussier, a 53-year-old aircraft mechanic at Boeing and... Read More.

Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia

Friday, May 8 by SRN News

Nairobi, KENYA (AP) - Use of electric vehicles in Africa is surging, led by Ethiopia, as soaring prices and fuel shortages compel countries to opt for cleaner and cheaper transport. Africa imported 44,358 electric vehicles from China in 2025, according to data from China's... Read More.

Trump administration reaches deal with non-profit over DC golf courses

Friday, May 8 by SRN News

By Kanishka Singh WASHINGTON, May 8 (Reuters) - President Donald Trump's administration and a non-profit group that runs Washington, D.C.'s public golf courses reached a deal on Friday under which the organization will have a new long-term lease of two courses while federal officials will... Read More.

GM to pay $12.75 million to settle California driver privacy probe

Friday, May 8 by SRN News

WASHINGTON, May 8 (Reuters) - GM has agreed to pay $12.75 million to resolve a California investigation into allegations the Detroit automaker illegally sold hundreds of thousands of locations and driving data of Californians to two data brokers, state Attorney General Rob Bonta said... Read More.

Citi says oil could rise further if US-Iran talks remain thorny

Friday, May 8 by SRN News

May 8 (Reuters) - Oil prices could rise further if U.S.-Iran talks remain thorny, Citi said, though inventory drawdowns, Strategic Petroleum Reserve releases, reduced Chinese imports, weaker demand and periodic signs of de-escalation have helped cushion the impact. Citi said its base case remains that... Read More.

Rubio defends new US sanctions on Cuba, targeting military-run conglomerate GAESA

Friday, May 8 by SRN News

HAVANA (AP) - U.S. Secretary of State Marco Rubio on Friday defended the Trump administration's decision to slap new sanctions on Cuba, the largest of which is against GAESA, or Grupo de Administración Empresarial S.A., a business conglomerate operated by the Cuban Revolutionary Armed... Read More.

Florida insurer Safepoint reveals 97% revenue surge in US IPO filing

Friday, May 8 by SRN News

May 8 (Reuters) - Safepoint on Friday filed its paperwork for a U.S. initial public offering, disclosing a 96.9% revenue jump last year as a strong run of new listings from Florida-based insurers extends into 2026. The company reported a net income of $165.6 million... Read More.

Applied Aerospace & Defense reveals 25% revenue jump in US IPO filing

Friday, May 8 by SRN News

May 8 (Reuters) - Applied Aerospace & Defense's revenue surged 24.8% in 2025, the private equity-backed government contractor revealed on Friday in its paperwork for a U.S. initial public offering, the latest in a flurry of defense tech listings in recent weeks. The Huntsville, Alabama-based... Read More.

Former Wachtell lawyer turned banker linked to insider trading case, sources say

Friday, May 8 by SRN News

By Nate Raymond and Svea Herbst-Bayliss BOSTON, May 8 (Reuters) - A former attorney at Wachtell, Lipton, Rosen & Katz who went on to join an investment bank is an unindicted co-conspirator in a vast insider trading case that involved tips from lawyers on corporate... Read More.

Dunkin’ owner Inspire Brands confidentially files for US IPO

Friday, May 8 by SRN News

May 8 (Reuters) - Inspire Brands, the owner of fast-food chains Dunkin', Arby's and Jimmy John's, said on Friday it had confidentially filed for a U.S. initial public offering, as the consumer IPO market picks up steam after a tepid 2025. Atlanta-based Inspire Brands, which... Read More.

Current Weather

Boeing probing worker death as union calls for accountability

Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia

Trump administration reaches deal with non-profit over DC golf courses

GM to pay $12.75 million to settle California driver privacy probe

Citi says oil could rise further if US-Iran talks remain thorny

Rubio defends new US sanctions on Cuba, targeting military-run conglomerate GAESA

Florida insurer Safepoint reveals 97% revenue surge in US IPO filing

Applied Aerospace & Defense reveals 25% revenue jump in US IPO filing

Former Wachtell lawyer turned banker linked to insider trading case, sources say

Dunkin’ owner Inspire Brands confidentially files for US IPO

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