Business – Page 782 – Freedom 96.9

PacifiCorp to pay $575M to resolve federal government’s claims over wildfires in Oregon, California

Saturday, February 21 by SRN News

PORTLAND, Ore. (AP) - PacifiCorp has agreed to pay $575 million to resolve the federal government's claims for damages stemming from six wildfires in Oregon and California in 2020 and 2022, federal officials announced Friday, in the utility's latest multimillion-dollar payout related to the... Read More.

Toymaker assesses next steps in US Supreme Court tariff refund battle

Saturday, February 21 by SRN News

By Timothy Aeppel and Laura Matthews Feb 20 (Reuters) - Companies that hedged their bets by selling potential tariff refund claims to investors celebrated on Friday after the U.S. Supreme Court struck down President Donald Trump's sweeping emergency tariffs. Now comes the hard part. "It's a tiny... Read More.

TXNM Energy gets FERC approval for $11.5 billion Blackstone deal

Saturday, February 21 by SRN News

Feb 20 (Reuters) - TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company's acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in an $11.5 billion deal, including debt. FERC concluded that there is "no... Read More.

Transport Canada has certified Gulfstream G500 and G600 jets, document says

Friday, February 20 by SRN News

MONTREAL, Feb 20 (Reuters) - Transport Canada has certified General Dynamics Gulfstream's G500 and G600 business jets, according to a government document, following a recent spat in which U.S. President Donald Trump criticized the Canadian regulator for taking too long to approve the aircraft. The... Read More.

Brazil’s airline Azul exits Chapter 11 bankruptcy proceedings

Friday, February 20 by SRN News

SAO PAULO, Feb 20 (Reuters) - Brazilian airline Azul formally exited its bankruptcy proceedings in the United States on Friday, it said in a securities filing. The company said it has reached its main targets with the restructuring process, including strengthening its capital structure,... Read More.

US economy can grow at least 3.5% in 2026, Bessent tells Fox News

Friday, February 20 by SRN News

WASHINGTON, Feb 20 (Reuters) - U.S. Treasury Secretary Scott Bessent told "The Will Cain Show" on Fox News on Friday that he believed the U.S. economy could grow by at least 3.5% in 2026. Bessent blamed the sharply lower growth of 1.4% in gross... Read More.

Trump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged

Friday, February 20 by SRN News

By Georgina McCartney, Arathy Somasekhar and Curtis Williams HOUSTON, Feb 20 (Reuters) - The U.S. Supreme Court's Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told... Read More.

Cruise operator Carnival to unify dual listing

Friday, February 20 by SRN News

Feb 20 (Reuters) - Carnival will unify its parallel listings in New York and London and redomicile to Bermuda, the cruise operator said on Friday. The UK‑listed Carnival Plc is expected to become a wholly owned subsidiary and the combined parent will continue to trade... Read More.

Supreme Court tariff ruling clouds Fed’s rate path after a year of upheaval

Friday, February 20 by SRN News

By Howard Schneider and Ann Saphir Feb 20 (Reuters) - The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the president's sharply higher import... Read More.

US audit finds gaps in the FAA’s oversight of United Airlines maintenance

Friday, February 20 by SRN News

The ability of federal safety regulators to oversee airplane maintenance at United Airlines has been hindered by inadequate staffing, high employee turnover and the improper use of virtual inspections instead of on-site reviews in some cases, according to a government watchdog audit released Friday. The... Read More.

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