Business

July 11 (Reuters) – U.S. insurer Assured Guaranty (AGO.N) has amassed more than $10 billion of exposure to some heavily indebted UK water utilities, and could end up paying lenders in the case of defaults, the Financial Times reported on Tuesday.Bucking under the weight of its debt, Britain’s largest water utility Thames Water was under… […]

[1/4]French President Emmanuel Macron meets Indian Prime Minister Narendra Modi at the Elysee palace in Paris, France, May 4, 2022. Francois Mori/Pool via REUTERS/File PhotoNEW DELHI/PARIS, July 12 (Reuters) – Indian Prime Minister Narendra Modi heads to France on Thursday to deepen ties with New Delhi’s oldest strategic partner in the West, with a slew… […]

[1/2]Striking members of the United Auto Workers (UAW) picket at the Deere & Co farm equipment plant before a visit by U.S. Agriculture Secretary Tom Vilsack in Ankeny, Iowa, U.S. October 20, 2021. REUTERS/Scott Morgan/File PhotoJuly 11 (Reuters) – The head of the United Auto Workers, which represents 150,000 U.S. hourly workers at General Motors… […]

July 11 (Reuters) – The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson & Johnson unit (JNJ.N) as “most serious”, saying their use could lead to injuries or death.The U.S. health regulator said it had received reports of pediatric and adult patients suffering burn… […]

July 11 (Reuters) – JPMorgan Chase (JPM.N) plans to lay off 63 employees in Jersey City, New Jersey, according to a Worker Adjustment and Retraining Notification (WARN) issued on Tuesday.The job cuts will take place in September, according to the notice.The total workforce of JPMorgan, the largest U.S. lender, stood at 296,877 at the end… […]

280 mln stg new orderBoost in production capacityFocus is on 155mm artillery ammunitionUkraine war has caused shortageLONDON, July 11 (Reuters) – Britain handed BAE Systems (BAES.L), the country’s biggest defence company, a 280 million pound ($361 million) order for munitions, seeking to ramp up production to replenish its stockpiles and ensure supply for Ukraine.Britain and… […]

NEW YORK, July 10 (Reuters) – Investors are piling into bullish options bets on the shares of Rivian Automotive (RIVN.O), with some market participants saying the buying has helped the electric vehicle (EV) maker’s stock notch a record nine-day winning streak.Rivian shares, which took off last week after the company reported better-than-expected quarterly vehicle deliveries,… […]

July 10 (Reuters) – Constellation Brands’ (STZ.N) Modelo Especial was the top-selling beer brand in the United States for a second consecutive month in June, after first dethroning Anheuser-Busch InBev’s (ABI.BR) Bud Light in May.Bud Light, which held the top spot as the most-sold beer in 2022 and in the first four months of this… […]

[1/2]UAW President Shawn Fain talks with the media after chairing the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan U.S. March 27, 2023. REUTERS/Rebecca CookJuly 10 (Reuters) – The United Auto Workers union said on Monday it will open contract talks with Detroit’s Big Three automakers starting on Thursday, ahead of the mid-September expiration… […]

[1/5]Airbus CEO Guillaume Faury attends the inauguration of a new assembly line for the Airbus A321neo in a factory once used to build the defunct A380 superjumbo in Toulouse, France, July 10, 2023. REUTERS/Tim HepherTOULOUSE, France, July 10 (Reuters) – Europe’s Airbus (AIR.PA) inaugurated a new assembly line for its A321neo jetliner in southwest France… […]