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Nearly 30% of US Gulf of Mexico oil output offline after storm

HOUSTON (Reuters) - Nearly 30% of U.S. Gulf of Mexico crude oil production and 41% of its natural gas production remained offline on Saturday following Hurricane Francine, the U.S. offshore energy regulator said. Francine churned through prime oil and gas producing areas in the U.S. Gulf of Mexico and slammed into Louisiana with up to 100 miles per hour (161 kph) winds. The midweek storm toppled

2024-09-14T19:26:25Z

10 Worst States for Selling a House in 2024

So far in 2024, we've seen a seller's market in real estate sweep across the U.S. That means that housing demand is exceeding supply, giving sellers the upper hand and often allowing them to get more...

2024-09-16T11:29:16Z

Ratings agency Fitch says extended strike at Boeing poses downgrade risk

(Reuters) -Fitch said on Friday an extended strike at Boeing could pose a credit ratings downgrade risk and would impact the planemaker's operations and finance. Boeing's U.S. West Coast factory workers walked off the job on Friday after rejecting a contract deal, halting production of its best selling 737 MAX jet. The first labor strike since 2008 coincides with a period of intense scrutiny of

2024-09-13T17:25:15Z

Russia's central bank warns Western banks not to discriminate against Russian clients

MOSCOW (Reuters) - Russia's central bank has sent a stark warning to subsidiaries of Western banks remaining in Russia not to discriminate against their Russian clients by denying them services such as transferring money abroad, as the banks come under pressure from Western regulators. Austria's Raiffeisen and Italy's UniCredit are the biggest foreign banks still present in Russia despite

2024-09-13T13:25:02Z

11 Bills You Should Never Put on Autopay

We can all use a simpler, more efficient way to manage expenses and save money. Putting your bills on autopay can ensure never forgetting a due date, which minimizes the risk of late fees and...

2021-12-03T20:17:25Z

Boeing to pay Embraer $150 million for withdrawal from tie-up talks

SAO PAULO (Reuters) -Boeing will pay Embraer a gross amount of $150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said on Monday. The deal marks the completion of a lengthy arbitration process that began after the U.S. company aborted a $4.2 billion agreement to buy Embraer's commercial jet-making operations in the middle of

2024-09-16T14:13:36Z

How Do You Stack Up to the Average Income in Your State?

If you've ever wondered how your income compares to the average income in your state, or even around the United States, you're not alone, and it can serve you well to know -- curiosity can drive the...

2022-07-21T18:05:40Z

Factbox-Boeing strike puts spotlight on 737 MAX customers waiting for deliveries

(Reuters) - Boeing's West Coast factory workers walked off the job early on Friday after they unanimously rejected a contract, halting production of the company's best-selling 737 MAX jet. The planemaker has more than 4,700 of the jets on order, with Southwest Airlines, United Airlines, and Lion Air the top three customers awaiting deliveries, according to aviation data provider Cirium. Below is

2024-09-13T15:30:05Z

5 Best Clothing Deals at Marshalls This October

As the days tick down to October 1, your wardrobe may need to undergo some shifts -- and not just the Halloween costume you'll be wearing. On any given day in October, you might need to find yourself...

2024-09-15T01:28:41Z

Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt

BERLIN (Reuters) -A merger of Italy's Unicredit and Germany's Commerzbank would add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt in an interview published on Monday. "For the moment, we are only a shareholder," he said. "But a merger of the two banks could lead to considerable added value for all

2024-09-16T05:23:08Z

Boeing strike: bosses bruised, blindsided and on brink of crisis

By Joe Brock, Allison Lampert and Matt McKnight SEATTLE (Reuters) - Boeing bosses are staring down the barrel. The twists and turns of the past week paint a picture of managers badly wrong-footed by the depth of fury among workers who tossed out a 25% pay rise deal and launched strike action. "They probably didn't think that we had enough people for the strike," Kushal Varma, a Boeing mechanic,

2024-09-16T10:23:22Z

Titanic builder Harland & Wolff to appoint administrators as debt woes deepen

(Reuters) -Harland & Wolff said on Monday it plans to appoint administrators in the coming days as the company known for building the Titanic struggles with a debt crisis. The Belfast-based shipbuilder, which survived closure once in 2019, said it would cut jobs in its non-core and certain central support areas, without specifying the number of roles affected. It will also either dispose of or

2024-09-16T12:18:20Z

Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service

MILAN (Reuters) - Italy's competition watchdog said on Monday a planned tie-up between Swisscom's and Vodafone's Italian units could pose a threat to competition in the country's fixed-line connectivity services. Last week the Italian antitrust authority, called AGCOM, opened an in-depth review of Swisscom's 8-billion-euro buyout of Vodafone Italia, which will be combined with Swisscom's Italian

2024-09-16T17:03:45Z

Walgreens agrees to pay $106.8 million to settle US charges over prescription billing

(Reuters) - Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said that from 2009 to 2020, Walgreens submitted false claims for payment to Medicare, Medicaid and other federal health care programs for prescriptions it processed but which

2024-09-13T19:15:21Z

Guardian Pharmacy targets up to $974 million valuation in US IPO

(Reuters) -Guardian Pharmacy Services said on Monday it was targeting a valuation as much as $973.5 million in its initial public offering in the United States. Expectations of an imminent interest rate cut by the U.S. Federal Reserve are encouraging more companies to press ahead with their listing plans. Guardian Pharmacy is aiming to raise as much as $108 million by offering 6.75 million

2024-09-16T19:48:49Z

10 US Metros Where Harris’ $25K Down Payment Proposal Would Go Furthest for First-Time Homebuyers

Aspiring homebuyers are getting at least some good news in the form of cooling home values and the high likelihood of the Fed cutting interest rates. Read More: I'm an Economist: Here's My Prediction...

2024-09-16T13:14:30Z

7 Luxury Goods That Are Cheaper at Saks Off 5th

When GOBankingRates set out to find luxury goods that save you the most money at Saks Off 5th, we dug deep into the retailer's website to uncover those hidden gems. And while our discoveries included...

2024-09-16T13:14:39Z

Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says

DUBLIN (Reuters) - Ryanair Group CEO Michael O'Leary said on Saturday a prolonged Boeing workers' strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25. O'Leary said his low-cost Irish airline, one of Boeing's largest customers, was supposed to receive 30 737 MAX aircraft before summer 2025 but Boeing's operational issues had already brought that number

2024-09-14T13:06:02Z

China's economy is going through a 'slow, painful, grinding adjustment,' analyst says

Beijing's economic outlook for the second half of the year is now "flashing red, or pretty close to red," said Eswar Prasad, professor of international trade and economics at Cornell University.

2024-09-16T08:03:11Z

Japan says Seven & i now 'core' to national security

By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as "core" to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada's Alimentation Couche-Tard. Couche-Tard is discussing potentially raising its offer price, according

2024-09-13T07:59:50Z

9 Best Items To Buy at Home Depot Before Halloween

There are Halloween decorations for every type of budget at Home Depot. From viral outdoor decorations to LED lighting that can be kept on porches or hung up inside homes, shoppers that buy these...

2024-09-16T11:29:32Z

5 Menards Items Retirees Need To Buy Ahead of Fall

If you need to stock up on fall items, the clock is ticking. Summer officially ends on September 22 this year, even though much of the country has already moved into an autumn mindset. Retirees...

2024-09-15T01:28:47Z

Boeing workers going on strike after 96% vote for walkout

By Joe Brock and David Shepardson SEATTLE (Reuters) -Boeing's U.S. West Coast factory workers will walk off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongest-selling jet as it wrestles with chronic output delays and mounting debt. The workers' first strike since 2008 will start at midnight Pacific time (0700 GMT) as Friday begins, just

2024-09-13T06:54:48Z

Japan's PM hopeful Takaichi warns BOJ against raising rates

By Leika Kihara TOKYO (Reuters) -Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Saturday the central bank should maintain ultra-low interest rates to support the fragile economic recovery. "Frankly, it was too early," she told a news conference gathering the nine candidates running in the race, when asked

2024-09-14T07:05:50Z

Fifth of US Gulf of Mexico crude oil and 28% of gas offline, regulator says

HOUSTON (Reuters) -Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexico federal waters remains offline in the aftermath of Hurricane Francine, the U.S. offshore energy regulator said on Sunday. Francine marched through prime offshore oil and natural gas producing areas and hit Louisiana as a Category 2 hurricane on Wednesday. The storm toppled trees, flooded

2024-09-16T17:43:42Z

Icahn Enterprises wins dismissal of investor lawsuit

(Reuters) - Icahn Enterprises won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to support the personal borrowing and financial interests of billionaire Carl Icahn, its majority investor. In a decision on Friday, U.S. District Judge K. Michael Moore in Miami said investors who filed the lawsuit failed to show that Icahn

2024-09-13T21:50:28Z

Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells paper

BERLIN (Reuters) -A merger of Italy's Unicredit and Germany's Commerzbank could add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt in an interview published on Monday. The Italian banking chief said a merger could "create a much stronger competitor on the German banking market", better supporting retail

2024-09-16T05:53:12Z

Thailand expects less than 40 million to join handout scheme, official says

BANGKOK (Reuters) -Thailand expects less than 40 million people to sign up for its flagship digital wallet handout scheme, with the first phase set to be distributed to 14.5 million vulnerable people from Sept. 25, a finance ministry official said on Monday. The government has planned to give away 450 billion baht ($13.6 billion) to 45 million people under its stimulus programme, which will see

2024-09-16T10:43:19Z

Boeing says it is ready to negotiate new agreement after workers vote to strike

SEATTLE (Reuters) - Boeing said late on Thursday it was ready to get back to negotiations to reach a new agreement after its U.S. West Coast factory workers voted down a tentative contract deal and said they would go on strike. International Association of Machinists and Aerospace Workers (IAM) members voted 96% in favor of striking and 94.6% to reject the agreement. "The message was clear that

2024-09-13T06:54:39Z

Occidental's 1PointFive secures funding of up to $500 million from US DOE

(This Sept. 12 story has been corrected to say that BlackRock provided funding to the firm's Stratos facility in Odessa, Texas, not the South Texas DAC hub, in paragraph 2) (Reuters) - Occidental Petroleum's carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy's Office of Clean Energy Demonstrations has committed up to $500 million to support the

2024-09-13T15:30:08Z

Trafigura appoints Jiri Zrust as Global Head of Operational Assets

LONDON (Reuters) -Global commodity trading house Trafigura has announced it will appoint Jiri Zrust to the newly opened role of Global Head of Operational Assets. Zrust will join the company on Oct. 1, the company said in a statement on Monday, from private equity group CVC Capital Partners. "Jiri Zrust will join Trafigura to lead our Operational Assets division, creating a fourth pillar for our

2024-09-16T09:33:19Z

10 Best and Most Reliable Used Cars That Fit Your Budget in 2025

One way to ensure the most bang for your buck when car shopping is to buy a used vehicle rather than a new one. For one thing, used cars are cheaper than new cars in an apples-to-apples comparison....

2024-09-14T12:13:44Z

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

(Reuters) - White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel by Japan's Nippon Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel all declined to comment. The White House did not immediately respond to a Reuters request for comment. Nippon Steel and U.S. Steel had sent

2024-09-13T18:20:19Z

5 Tactics to Negotiate Rent in an Out-of-Control Market

Use these tips to save on rent and keep more cash in your pocket.

2024-09-16T14:10:29Z

Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says

BERLIN (Reuters) - The head of Germany's central bank said on Friday that authorities would take a "very close look" at UniCredit's overtures to potentially buy Germany's Commerzbank, a sign that any deal would come under intense scrutiny. The comments by Joachim Nagel, head of the Bundesbank, are the most extensive by a top supervisor since Italy's second-largest bank swooped to take a 9% stake

2024-09-13T09:04:54Z

Asian bonds attract massive inflows in August on Fed easing hopes

(Reuters) - Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September. Overseas investors made substantial purchases of regional bonds in Indonesia, India, Malaysia, South Korea and Thailand, totalling a net $14.06 billion in August - the largest monthly net purchases since at least 2019,

2024-09-16T09:33:15Z

25 Hiring Remote-First Companies With Great Cultures

These companies make flexible work arrangements a priority.

2024-09-16T13:10:37Z

Goldman Sachs still sees 25 basis point Fed cut next week

(Reuters) - Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week's Federal Open Market Committee meeting, which contrasted with news stories about refreshed speculation of a more aggressive cut. Former New York Federal Reserve President Bill Dudley said on Thursday there was a strong case for a 50-basis-point interest rate cut at the Fed's Sept. 17-

2024-09-13T20:10:16Z

DirecTV, Dish in talks again to merge satellite-TV businesses, Bloomberg reports

(Reuters) -AT&T Inc and joint-venture partner TPG Inc are in talks to combine their DirecTV service with Dish, Bloomberg News reported on Friday, citing people familiar with the matter. The discussions between DirecTV and Dish parent EchoStar Corp are in early stages, people told Bloomberg News, cautioning that an agreement has not yet been reached. "Rumors about a potential transaction

2024-09-14T00:20:34Z

Cutting Out These 7 Expenses Can Save You $5,400 Per Year

Most Americans know household expenses quickly add up, and they seek ways to cut excessive budget expenses. This can be hard sometimes, especially if you're already cutting costs and feel fatigued at...

2023-04-05T11:18:38Z

Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store

Alibaba's Taobao app topped Singapore's Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.

2024-09-13T02:59:15Z

This Is the Nation’s Hottest Housing Market — for a Record 29th Time

Home prices are slipping nationwide, but these places are bucking the trend.

2024-09-16T19:25:56Z

Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

By Aditya Kalra NEW DELHI (Reuters) - Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart

2024-09-14T18:36:31Z

Boeing eager to return to union talks as strike shuts factories

By Joe Brock and David Shepardson SEATTLE (Reuters) -Boeing is eager to get back to the bargaining table and reach a settlement after U.S. West Coast factory workers walked off the job on Friday, the latest crisis for a planemaker under heavy scrutiny from U.S. regulators and customers after a door panel blew off a 737 MAX jet mid-air in January. The mounting crises hit Boeing's stock and

2024-09-13T17:25:15Z

Boeing imposes hiring freeze, takes steps to conserve cash after strike starts

WASHINGTON (Reuters) - Boeing is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Friday including considering temporary furloughs for many employees, managers and executives in the coming weeks. Boeing Chief Financial Officer Brian West said the "strike jeopardizes our recovery in a significant way and we must take necessary actions to

2024-09-16T15:18:30Z

Argentina markets cheer Milei's zero deficit budget

BUENOS AIRES (Reuters) - Argentina's stock index was up over 1.6% in early trading on Monday, as markets reacted positively to the government's ambitious 2025 budget proposal. Bonds were edging up a day after President Javier Milei told Congress he would defend his government's budget draft and said he would veto any bills that threaten it in order to protect fiscal balance. (Reporting by Jorge

2024-09-16T14:43:34Z

9 Best Value Menus in America Right Now To Save You Money on Food

If you're looking for affordable meal options, fast-food value menus across America offer plenty of choices that fit a wide range of budgets. Whether you're after a quick snack or a full meal, you'll...

2024-09-16T16:14:42Z

Women in tech groups 'can’t run on inspiration alone'

Groups supporting women in science, technology, engineering and maths are struggling for funds.

2024-09-15T23:39:21Z

5 Cities You Need To Consider If You’re Retiring in 2025

Leaving the workforce and heading to retirement is a big adjustment, especially when it comes to your finances, so choosing where you spend your golden years is a careful decision that should include...

2024-09-14T13:28:37Z

Amazon drivers join Teamsters in New York, union says

(Reuters) - Hundreds of delivery drivers for e-commerce giant Amazon.com have joined the International Brotherhood of Teamsters, seeking improved wages, working conditions and safety standards, the labor union said on Monday. Workers across three Delivery Service Partners (DSP) in Queens, New York are demanding Amazon recognize their union and negotiate a Teamsters contract, the union said.

2024-09-16T15:53:41Z