(Reuters) -Cineworld said on Tuesday it had filed a reorganisation plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low. The fil[...]
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Updated
Oil settles lower as rate-hike worries balance tighter supplies
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a t[...]
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Walmart plans own EV charger network at U.S. stores by 2030
By Siddharth Cavale and Abhirup Roy NEW YORK (Reuters) – Walmart Inc plans to have its own network of electric vehicle charging stations by 2030 to tap into the growing adoption of EVs in the Un[...]
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FedEx to combine delivery units as part of $4 billion cost-cut push
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, in a move to slash costs and better com[...]
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Arbutus files patent lawsuit against Pfizer/BioNTech over COVID vaccines
(Reuters) -Arbutus Biopharma on Tuesday sued U.S. drugmaker Pfizer Inc and its German partner BioNTech SE in a New Jersey district court, claiming their mRNA COVID-19 vaccines infringe five of Arbutus[...]
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Why U.S. natural gas output keeps rising as prices sink
By Scott DiSavino (Reuters) – U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some[...]
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Fed may stick with one more rate hike even as inflation cools
By Ann Saphir (Reuters) -Federal Reserve policymakers may take some comfort from data on Friday showing a key gauge of inflation cooling in February, but it’s far from clear if it marks enough h[...]
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Mercedes amps up renewable energy switch with Iberdrola wind deal
By Victoria Waldersee and Ilona Wissenbach BERLIN (Reuters) -Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain’s Iberdrola for 140 megawatts (MW) of wind e[...]
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Ongoing supply shortages threaten U.S. infrastructure and war efforts
By Lisa Baertlein LOS ANGELES (Reuters) – Manufacturers of everything from pickup trucks to homes are still grappling with tight supplies of microchips and cement – shortages that could tr[...]
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