Business – Page 414 – Freedom 96.9

Australia employment rebounds in May, jury still out on another rate hike

Thursday, June 25 by SRN News

By Stella Qiu SYDNEY, June 25 (Reuters) - Australian employment rebounded in May while the jobless rate ticked lower as expected, data showed on Thursday, a sign of resilience that could support a further lift in interest rates if needed to tame inflation. Separate data... Read More.

Americans are inundated with suspected scams. New polling shows why few victims report them

Wednesday, June 24 by SRN News

WASHINGTON (AP) - Most Americans are inundated with scam attempts on a daily basis - and about 3 in 10 have personally lost money or personal information to scams, according to a new AP-NORC survey. The poll, conducted by The Associated Press-NORC Center for Public... Read More.

Fortescue becomes latest Australian miner to face sexual harassment class action suit

Wednesday, June 24 by SRN News

By Melanie Burton MELBOURNE, June 25 (Reuters) - Australia's Fortescue, the world's fourth-largest iron ore miner, was hit on Thursday with a class action lawsuit alleging the widespread sexual harassment of women at its remote mining sites. The suit was filed by law firm JGA Saddler,... Read More.

NY Fed official plays down new FOMC language on ample reserves system

Wednesday, June 24 by SRN News

By Michael S. Derby JERSEY CITY, New Jersey, June 24 (Reuters) - A Federal Reserve Bank of New York official involved in implementing monetary policy cautioned on Wednesday against reading too much into language in last week's Federal Open Market Committee meeting that addressed how... Read More.

Brazil’s Braskem to file protective injunction against creditors on Wednesday, Valor reports

Wednesday, June 24 by SRN News

SAO PAULO, June 24 (Reuters) - Brazil's petrochemical firm Braskem is expected to file a protective injunction against its creditors' claims on Wednesday, local newspaper Valor Economico reported, citing unnamed sources. A source told Valor the intention is to seek, after obtaining protection, support from... Read More.

Former Tricolor COO pleads guilty to fraud linked to bankrupt auto lender’s collapse

Wednesday, June 24 by SRN News

By Jonathan Stempel NEW YORK, June 24 (Reuters) - The former chief operating officer at Tricolor Holdings pleaded guilty on Wednesday to fraud and conspiracy charges in connection with the now-bankrupt subprime auto lender's collapse. David Goodgame entered his plea before U.S. District Judge Kevin Castel... Read More.

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.

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