Category: Investment

(Reuters) – A U.S. judge on Wednesday appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer. FILE PHOTO: Monsanto Co’s Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. REUTERS/Mike Blake/File Photo Feinberg has been instructed to meet with lawyers... Read More

FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo FORT WORTH, Texas (Reuters) – The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable for when the agency may unground the Boeing 737 MAX that has... Read More

ORLANDO, Fla. (Reuters) – Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday. FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike... Read More

(Reuters) – General Motors Co faces pushback over its request that U.S. regulators waive some automobile safety standards to make it possible to deploy a ride-sharing fleet of driverless cars without steering wheels or other human controls. FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca... Read More

FILE PHOTO: A doorman stands outside Lloyds of London’s headquarters in the City of London, Britain, July 31, 2018. REUTERS/Simon Dawson/File Photo (Reuters) – Lloyd’s of London is proposing merging two of its governance bodies, the council and the board which together oversee the insurance market, to reduce overlap, a source familiar with the matter said. The proposal has been... Read More

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. The Dow Jones Industrial Average fell 100.85 points, or 0.39%, to... Read More

FORT WORTH, Texas/MONTREAL (Reuters) – In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own terms if their specific concerns are not addressed. FILE PHOTO: The angle of attack sensor, at bottom center, is seen on... Read More

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data... Read More