Business

Abbott agrees to settlement over closure of largest baby formula plant in the US

Monday, September 14 by SRN News

Abbott Laboratories will pay $385 million to resolve claims tied to an investigation of contamination at a baby formula factory in Sturgis, Michigan, the largest in the country, which led to the supply shortages in 2022. Problems at the facility prompted a lawsuit by... Read More.

Bank of America CEO sees at least 10% drop in Q3 investment banking fees

Monday, September 14 by SRN News

NEW YORK, Sept 14 (Reuters) - Bank of America expects its investment banking fees to drop by at least 10% in the third quarter, while sales and trading revenue will be flat, CEO Brian Moynihan said on Monday. Shares of BofA extended losses after his... Read More.

Exclusive-AirBaltic in talks with unions to cut workers amid restructuring, CEO says

Monday, September 14 by SRN News

By Joanna Plucinska LONDON, Sept 14 (Reuters) - AirBaltic is in talks with labour unions to come to an agreement on an "adjustment in the workforce," Chief Executive Erno Hilden told Reuters on Monday after the Latvian carrier announced it was voluntarily entering Chapter 11... Read More.

Serbia’s protesting youth formally join race challenging Vucic before next month’s election

Monday, September 14 by SRN News

BELGRADE, Serbia (AP) - University students behind nearly two years of anti-government protests in Serbia on Monday formally entered the election race before an early parliamentary vote, challenging populist President Aleksandar Vucic. The youth movement submitted their election list to the state election authorities after... Read More.

Wells Fargo commercial banking head Manning to retire, Biodrowski to succeed

Monday, September 14 by SRN News

Sept 14 (Reuters) - Wells Fargo said on Monday that John Manning, executive vice president and head of commercial banking market coverage, would retire at the end of the year after more than three decades with the bank. Here are more details: • Manning's career... Read More.

Exxon Mobil shuts down Joliet refinery after power outage

Monday, September 14 by SRN News

By Nicole Jao NEW YORK, Sept 14 (Reuters) - Exxon Mobil brought its 264,000-barrel-per-day (bpd) refinery in Joliet, Illinois, offline after a power outage occurred on Sunday, the company said on Monday. The outage occurred at about 3:30 p.m. CT on Sunday and power was restored... Read More.

US 10-year yields reach 5%, highest since 2023

Monday, September 14 by SRN News

NEW YORK, Sept 14 (Reuters) - Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks... Read More.

Dell’s DFO Management and Sequence to take Baldwin private in $7.7 billion deal

Monday, September 14 by SRN News

Sept 14 (Reuters) - Dell chief Michael Dell's DFO Management and Sequence Holdings said on Monday they would take the Baldwin Group private in a deal valued at $7.7 billion, providing the insurance broker greater flexibility to pursue AI investments. The deal highlights a growing... Read More.

S&P 500 and Nasdaq open lower as AI jitters hit Nvidia, chipmakers

Monday, September 14 by SRN News

Sept 14 (Reuters) - The Nasdaq Composite and the S&P 500 indexes opened lower on Monday, weighed down by a selloff in key AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. The S&P 500 fell... Read More.

Unwanted in the U.S., old oil equipment finds a new home in Venezuela

Monday, September 14 by SRN News

By Georgina McCartney, Marianna Parraga and Arathy Somasekhar HUMBLE, Texas, Sept 14 (Reuters) - In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making room for pre-owned and auctioned U.S. oilfield equipment destined... Read More.

Current Weather

Abbott agrees to settlement over closure of largest baby formula plant in the US

Bank of America CEO sees at least 10% drop in Q3 investment banking fees

Exclusive-AirBaltic in talks with unions to cut workers amid restructuring, CEO says

Serbia’s protesting youth formally join race challenging Vucic before next month’s election

Wells Fargo commercial banking head Manning to retire, Biodrowski to succeed

Exxon Mobil shuts down Joliet refinery after power outage

US 10-year yields reach 5%, highest since 2023

Dell’s DFO Management and Sequence to take Baldwin private in $7.7 billion deal

S&P 500 and Nasdaq open lower as AI jitters hit Nvidia, chipmakers

Unwanted in the U.S., old oil equipment finds a new home in Venezuela

On Air Now

Erick Erickson

On Air Next

Dana Loesch

Political News

Trump push to end US clock switching hits dead end

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

Trump expected to name Jay Clayton as AI czar, CNN reports

Factbox-Top cases on the US Supreme Court’s docket

Trump Heads To Alabama Today (VIDEO)