Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
(Reuters) - Boeing is facing heightened scrutiny from U.S. regulators and prosecutors into its safety and quality practices following the Jan. 5 panel blowout on an Alaska Airlines 737 MAX 9. The planemaker is producing its cash-cow MAX jets at a l...
May 17, 2024
Fed's Bowman repeats she's willing to hike rates if needed
(Reuters) - U.S. Federal Reserve Governor Michelle Bowman on Friday repeated her view that inflation will fall further with the policy rate held steady, but said she has seen no improvement on inflation this year and remains willing to hike rates s...
May 17, 2024
BuzzFeed CEO moves to majority stock based compensation amid AI push
(Reuters) - A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround. The company has award...
May 17, 2024
Fed Chair Powell tests positive for COVID-19, working from home
(Reuters) - Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday, a Fed spokesperson said in an emailed statement. Powell "plans to deliver commencement remarks to Georgetown Law School on May 19 via prerecorded video," the ...
May 17, 2024
Citgo share bidders can be asked how accommodate bondholder claims, judge rules
(Reuters) - Bidders in a U.S. court auction of shares that will decide the ownership of oil refiner Citgo Petroleum can be required to say if their binding offers cover claims by Venezuela bondholders in a separate court action, a U.S. District Cou...
May 17, 2024
Weaker loonie may not deter Bank of Canada diverging from the Fed
By Fergal Smith TORONTO (Reuters) - The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seve...
May 17, 2024
Texas power demand to hit record high for month of May next week
By Scott DiSavino (Reuters) - Power use in Texas will likely break records for the month of May next week as homes and businesses crank up their air conditioners to escape a spring heat wave, the state's electric grid operator projected on Friday. ...
May 17, 2024
Boeing shareholders vote to re-elect CEO Calhoun to board
(Reuters) - Boeing Co shareholders voted to re-elect outgoing Chief Executive Dave Calhoun to the planemaker's board at the company's annual meeting, as per a preliminary tally. Proxy adviser Glass Lewis had last month recommended shareholders vote...
May 17, 2024
Analysis-Endeavor's $13 billion deal highlights push to sidestep minority shareholders
By Anirban Sen and Tom Hals (Reuters) - Endeavor Group's decision to deny minority shareholders the ability to veto a $13 billion deal to take the entertainment conglomerate private is the latest example of a company's controlling investors risking...
May 17, 2024
NY Fed announces launch of new supply chain pressure metrics
By Michael S. Derby NEW YORK (Reuters) - The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains. The bank said Friday that it is launching new "Supply Availability Indexes" via a blog posting on Mo...
May 17, 2024