Business

China’s GAC plans deal to buy FAW stake in undisclosed auto JV, filing shows

Monday, September 14 by SRN News

BEIJING, Sept 14 (Reuters) - China's Guangzhou Automobile Group (GAC) on Monday said it signed a letter of intent with another local automaker, FAW Group, to acquire part of FAW's stake in an undisclosed vehicle-manufacturing joint venture through a share issuance, alongside a proposed... Read More.

Dominion, NextEra propose $1 billion-a-year Virginia supplier program

Monday, September 14 by SRN News

Sept 14 (Reuters) - Dominion Energy and NextEra Energy on Monday said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved. They announced merger plans in May, as rising power demand from... Read More.

Trump EPA is to eliminate rule that limits planet-warming greenhouse gas emissions from power plants

Monday, September 14 by SRN News

WASHINGTON (AP) - The Environmental Protection Agency is expected to repeal rules that limit planet-warming greenhouse gas emissions from power plants fueled by coal and natural gas, an action that Administrator Lee Zeldin has said would remove billions of dollars in costs for the... Read More.

Novo Nordisk rebrands as ‘Novo’, announces cultural reset

Monday, September 14 by SRN News

Sept 14 - Novo Nordisk is changing its day-to-day name to 'Novo', and taking a new approach to company culture as it looks to claw back ground in the fierce obesity drug race, the Danish drugmaker said on Monday. • Novo, which... Read More.

Japanese utility execs resign over falsified quake safety data for 2 nuclear reactors

Monday, September 14 by SRN News

TOKYO (AP) - The president of Chubu Electric Power Co., Japan's third-largest utility, said Monday that he and the chairperson are resigning to take responsibility over the company's yearslong manipulation of earthquake safety data for two nuclear reactors and that the operator will withdraw... Read More.

Trump dismisses new AI guardrails, says there is a ‘SICK conspiracy’ against AI and data centers

Monday, September 14 by SRN News

WASHINGTON (AP) - President Donald Trump said Monday that he is a sufficient guardrail against rogue artificial intelligence, claiming that any efforts to limit the technology was part of a "SICK conspiracy." "The only control or 'guardrails' that AI needs is a STRONG AND SMART... Read More.

CVC-backed Bamboo Insurance targets $3.13 billion valuation in US IPO

Monday, September 14 by SRN News

Sept 14 (Reuters) - CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.13 billion in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company's selling shareholders are seeking up to $700 million by offering... Read More.

Crypto data firm Kaiko secures $110 million funding round led by S&P Global

Monday, September 14 by SRN News

By Elizabeth Howcroft PARIS, Sept 14 (Reuters) - New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets. Other investors in the round... Read More.

Fed rate hike on Wednesday now likely, say economists, and at least one more to follow

Monday, September 14 by SRN News

By Indradip Ghosh BENGALURU, Sept 14 (Reuters) - The Federal Reserve will raise its interest rate on Wednesday and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters, reversing a fragile no-change consensus that... Read More.

Fed’s table is set for a rate hike, a first under Warsh

Monday, September 14 by SRN News

By Ann Saphir and Michael S. Derby Sept 14 (Reuters) - Federal Reserve Chairman Kevin Warsh dislikes giving any guidance about the likely path of U.S. interest rates, but elevated inflation, $100-a-barrel oil, and his own emphasis on the need to deliver price stability and... Read More.

Current Weather

China’s GAC plans deal to buy FAW stake in undisclosed auto JV, filing shows

Dominion, NextEra propose $1 billion-a-year Virginia supplier program

Trump EPA is to eliminate rule that limits planet-warming greenhouse gas emissions from power plants

Novo Nordisk rebrands as ‘Novo’, announces cultural reset

Japanese utility execs resign over falsified quake safety data for 2 nuclear reactors

Trump dismisses new AI guardrails, says there is a ‘SICK conspiracy’ against AI and data centers

CVC-backed Bamboo Insurance targets $3.13 billion valuation in US IPO

Crypto data firm Kaiko secures $110 million funding round led by S&P Global

Fed rate hike on Wednesday now likely, say economists, and at least one more to follow

Fed’s table is set for a rate hike, a first under Warsh

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