Business

GM adds $675 million to Brazil investment plan

Wednesday, June 24 by SRN News

SAO PAULO, June 24 (Reuters) - General Motors announced on Wednesday it would invest an extra 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment to the country's auto industry by 50% and supporting production of hybrid vehicles and factory modernization. • The new... Read More.

Trump asks Congress for $1 billion to boost pensions of former GM parts company workers

Wednesday, June 24 by SRN News

WASHINGTON, June 24 (Reuters) - The White House asked Congress on Wednesday for $1 billion to boost the pensions of workers at former General Motors auto parts unit Delphi that were cut during the Detroit automaker's 2009 bankruptcy restructuring. The White House is also asking... Read More.

Exclusive-Comcast-owned Sky reaches terms to buy ITV’s broadcast unit, sources say

Wednesday, June 24 by SRN News

By Paul Sandle and Amy-Jo Crowley LONDON, June 24 (Reuters) - Sky, the Comcast-owned British pay TV group, has agreed on terms to buy ITV's broadcast and streaming unit, two people familiar with the matter said, with ITV acquiring "The Great British Bake Off" producer... Read More.

Chile’s Codelco to consider asset sales, partnerships in investment review

Wednesday, June 24 by SRN News

By Fabian Cambero VALPARAISO, Chile, June 24 (Reuters) - Chile's state-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader review of its investment priorities, Chairman Bernardo Fontaine said on Wednesday. Whether the company should sell... Read More.

Bain Capital to buy majority stake in Volkswagen’s marine engine unit, source says

Wednesday, June 24 by SRN News

By Christina Amann and Rachel More June 24 (Reuters) - Bain Capital is set to acquire a majority stake in Volkswagen's marine engine unit Everllence, beating out other private equity firms including one that had joined forces with the carmaker's top shareholders, a source... Read More.

Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple

Wednesday, June 24 by SRN News

NEW YORK (AP) - U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they're not falling fast enough for President Donald Trump. Trump, who wants to stave... Read More.

All 32 of the nation’s biggest banks clear the Fed’s annual ‘stress test’

Wednesday, June 24 by SRN News

NEW YORK (AP) - All 32 of the nation's biggest banks passed the Federal Reserve's annual "stress test" of the financial system, the central bank said Wednesday, a sign that the banking system would remain healthy even if a major economic contraction occurred. The... Read More.

Billionaire Rennert-controlled company settles Peru lead poisoning case for $150 million

Wednesday, June 24 by SRN News

By Jonathan Stempel June 24 (Reuters) - A business controlled by the American billionaire Ira Rennert reached a $150 million settlement in the United States with 1,373 Peruvians who claimed they were poisoned by lead and other toxic substances while growing up near a Peruvian... Read More.

AI is helping gas stations collude to raise California fuel prices, lawsuit says

Wednesday, June 24 by SRN News

AI-powered software has allowed gas station operators across California to illegally collude and drive up prices at the pump, according to a federal lawsuit. The proposed class action lawsuit, filed Monday, accuses gas station giants including Marathon and Circle K of violating California's antitrust law... Read More.

Trading Day: Tech jitters smother inflation relief

Wednesday, June 24 by SRN News

By Jamie McGeever ORLANDO, Florida, June 24 (Reuters) - U.S. bond yields tumbled on Wednesday as oil's slide to a four-month low eased inflation fears, although the relief wasn't felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500... Read More.

Current Weather

GM adds $675 million to Brazil investment plan

Trump asks Congress for $1 billion to boost pensions of former GM parts company workers

Exclusive-Comcast-owned Sky reaches terms to buy ITV’s broadcast unit, sources say

Chile’s Codelco to consider asset sales, partnerships in investment review

Bain Capital to buy majority stake in Volkswagen’s marine engine unit, source says

Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple

All 32 of the nation’s biggest banks clear the Fed’s annual ‘stress test’

Billionaire Rennert-controlled company settles Peru lead poisoning case for $150 million

AI is helping gas stations collude to raise California fuel prices, lawsuit says

Trading Day: Tech jitters smother inflation relief

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