Business

Lululemon founder Wilson ready to reach agreement amid proxy battle

Monday, May 18 by SRN News

May 18 (Reuters) - Lululemon Athletica founder Chip Wilson said on Monday he is ready to reach an agreement on the principal terms provided by the athleisure maker. The company tried but failed to settle its bitter proxy fight with Wilson as recently as last... Read More.

Brazilian court to rule on whether Belo Sun’s Amazon gold mine stays suspended

Monday, May 18 by SRN News

SAO PAULO (AP) - A highly contested mining project in the Brazilian Amazon rainforest operated by Canadian company Belo Sun is expected to reach a key development Wednesday, when a Brazilian court will rule on whether to uphold a decision that could advance the... Read More.

Nvidia CEO says he believes China market will open over time

Monday, May 18 by SRN News

By Stephen Nellis SAN FRANCISCO, May 18 (Reuters) - Nvidia CEO Jensen Huang said on Monday that he believes China's market will open up to U.S. chip suppliers after accompanying U.S. President Donald Trump on a trip to China last week. Nvidia has received licenses... Read More.

Volvo Group agrees to $197 million settlement with California over excess truck emissions

Monday, May 18 by SRN News

HELSINKI/WASHINGTON, May 18 (Reuters) - Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state's heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices... Read More.

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Monday, May 18 by SRN News

WASHINGTON (AP) - Treasury Secretary Scott Bessent said Monday that the U.S. will give a 30-day extension for countries to import Russian oil that is already in tankers at sea, a move that is meant to reduce the oil supply shortages caused by the... Read More.

Jury rules against Elon Musk in his feud with OpenAI, saying he filed his lawsuit too late

Monday, May 18 by SRN News

OAKLAND, Calif. (AP) - A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence's development as a nonprofit dedicated to humanity's benefit. Musk, the... Read More.

US House lawmakers propose $130 annual EV fee to pay for road repairs

Monday, May 18 by SRN News

By David Shepardson WASHINGTON, May 18 (Reuters) - U.S. House lawmakers proposed bipartisan legislation that would require electric vehicles to pay a $130 fee to pay for road repairs annually and $35 for some plug-in hybrid models. The House is working on a five-year highway reauthorization... Read More.

Uber becomes top shareholder in Germany’s Delivery Hero

Monday, May 18 by SRN News

May 18 (Reuters) - Uber has ratcheted up its stake in Delivery Hero, becoming the German firm's top shareholder, according to LSEG data. Delivery Hero said on Monday its rival had bought additional shares and instruments in the company and now holds 19.5% of Delivery... Read More.

Citi partners with BlackRock’s HPS for $17.5 billion private credit program

Monday, May 18 by SRN News

May 18 (Reuters) - U.S. banking giant Citigroup and BlackRock's HPS Investment Partners have partnered on a 15 billion euro ($17.48 billion) private credit program to expand direct lending across the EMEA region, the companies said on Monday. Under the partnership, Citi will leverage its... Read More.

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

Monday, May 18 by SRN News

WASHINGTON, May 18 (Reuters) - The U.S. Department of Treasury on Monday said it had agreed to a $275 million settlement with India's Adani Enterprises Ltd over the company's potential civil liability for 32 apparent violations of U.S. sanctions on Iran. Adani Enterprises had bought... Read More.

Current Weather

Lululemon founder Wilson ready to reach agreement amid proxy battle

Brazilian court to rule on whether Belo Sun’s Amazon gold mine stays suspended

Nvidia CEO says he believes China market will open over time

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Jury rules against Elon Musk in his feud with OpenAI, saying he filed his lawsuit too late

US House lawmakers propose $130 annual EV fee to pay for road repairs

Uber becomes top shareholder in Germany’s Delivery Hero

Citi partners with BlackRock’s HPS for $17.5 billion private credit program

US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

On Air Now

Veterans Chronicles

On Air Next

Jason in the House

Political News

New term gives US Supreme Court’s Thomas and Alito more chances to wield power

Trump To Name Jay Clayton As AI Czar

Trump Speaks To Supporters In Alabama

Trump push to end US clock switching hits dead end

Kennedy Center Honors to be held at Capital One Arena amid demolition fight