Business

Trump Organization drops plan for first Australian skyscraper, blames partner

Tuesday, May 12 by SRN News

SYDNEY, May 13 (Reuters) - The Trump Organization said on Wednesday it abandoned a plan to build its first tower in Australia less than three months after signing the deal, citing an Australian partner's failure to meet certain financial obligations. The group signed in February... Read More.

KKR-backed ambulance giant GMR Solutions raises $479 million in US IPO

Tuesday, May 12 by SRN News

May 12 (Reuters) - Emergency medical services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said on Tuesday, after selling 31.9 million shares at $15 apiece. The Lewisville, Texas-based company, known as Global Medical Response, has... Read More.

Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

Tuesday, May 12 by SRN News

BEIJING (AP) - President Donald Trump is set to arrive in Beijing on Wednesday for a state visit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence. "We're the two superpowers," Trump told reporters as... Read More.

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Tuesday, May 12 by SRN News

By Katya Golubkova TOKYO, May 13 (Reuters) - Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to China for a high stakes summit with... Read More.

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.

Current Weather

Trump Organization drops plan for first Australian skyscraper, blames partner

KKR-backed ambulance giant GMR Solutions raises $479 million in US IPO

Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

Oil prices slip on teetering Iran ceasefire as Trump heads to China

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

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