(Reuters) -FedEx forecast fiscal 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year…
Month: June 2024
Delaware law to allow big investors greater sway over US corporate boards
By Tom Hals WILMINGTON, Delaware (Reuters) – Delaware is poised to adopt changes to its widely used corporate law that…
Volkswagen to invest up to $5 billion in EV maker Rivian as part of tech joint venture
SAN FRANCISCO (Reuters) -German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part…
KKR acquires $2.1 billion portfolio of multifamily real estate assets from Quarterra
(Reuters) -Investment firm KKR acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund…
NTSB inspecting key components from ship that struck Maryland bridge
WASHINGTON (Reuters) – The National Transportation Safety Board said on Monday it is inspecting key electrical components that were removed…
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
WASHINGTON (Reuters) – AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power…
Bank of Canada: economy can add jobs and growth even as inflation slows
OTTAWA, June 24 (Reuters) – There is enough slack in the Canadian labor market to allow for growth and the…
Big US banks expected to be cautious on shareholder payouts after stress tests
By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital…
US traffic deaths fall in early 2024 but above pre-COVID levels
By David Shepardson WASHINGTON (Reuters) – U.S. traffic deaths fell 3.2% in the first three months of 2024 — the…
Apple to delay launch of AI-powered features in Europe, blames EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) – Apple will delay launching three new artificial intelligence features because landmark European Union…