Business

LONDON, March 23 (Reuters) – The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month, according to two sources with knowledge of the plans, to try to retain the lender’s clients and employees.But combining Credit Suisse into UBS could take much… […]

The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas JacksonJuly 31 (Reuters) – Demand for power in Texas hit a record high for a sixth time this summer on Monday as homes and business kept air conditioners cranked up to escape a lingering heat wave.The Electric… […]

July 31 (Reuters) – U.S. shale oil producer Diamondback Energy (FANG.O) missed Wall Street estimates for second-quarter profit on Monday, as gas prices took a hit from easing supply concerns.Natural gas prices have fallen nearly 63% from last year, when western sanctions on Russia after the Ukraine war crimped supplies.Diamondback said its average unhedged realized… […]

United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File PhotoJuly 31 (Reuters) – The Teamsters local unions, which represent 340,000 workers at United Parcel Service (UPS.N), voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25.The… […]

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File PhotoJuly 31 (Reuters) – Oil major Exxon Mobil (XOM.N) is in talks with Tesla (TSLA.O), Ford Motor (F.N), Volkswagen (VOWG_p.DE) and other automakers to supply lithium for… […]

Flying taxi company Archer Aviation prepare for the debut of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. Picture taken June 8, 2021. REUTERS/Mike Blake/File photoJuly 31 (Reuters) – Archer Aviation (ACHR.N) shares jumped as much as 33% on Monday after the air taxi maker entered into a deal to… […]

March 23 (Reuters) – Shares of First Republic Bank (FRC.N) rose 5% on Thursday as they drew the attention of bargain-hunting retail investors, but still hovered near record-low levels on lingering fears about the future of the U.S. regional lender.The stock was the second most traded by retail punters in Wednesday’s session and the fifth… […]