Citgo posts $937 million first quarter profit on strong margins
HOUSTON Refiner Citgo Petroleum Corp has reported first quarter net profit of $937 million on strong motor fuel
2023-05-11 22:54
Ukraine says its counteroffensive now delayed; Britain says it's sent cruise missiles to Kyiv
President Volodymyr Zelenskyy says Ukraine is delaying its long-awaited counteroffensive against Russia’s occupying forces, saying that while such a campaign would succeed, too many of his troops' lives would be lost
2023-05-11 22:28
Norfolk Southern unveils compensation plans for homeowners near derailment site
Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners whose homes lost value due to the railroad's February derailment.
2023-05-11 22:21
Bank of England raises UK interest rates to highest level since 2008
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets
2023-05-11 22:20
Peloton is recalling 2 million bikes because seats could break in the middle of a ride
Peloton is recalling 2 million bikes because of a safety hazard caused by the adjustable seat that could break during use and injure the rider.
2023-05-11 22:17
Peloton backpedals to near record low after bike recall
NEW YORK Shares of Peloton Interactive tumbled 6.0% in early trading and hit a more than six-month low
2023-05-11 22:17
Czech government proposes measures to keep ballooning deficit under control
Czech citizens will likely pay more for beer and medicine while businesses will face higher corporate taxes as part of a government package of dozens of measures designed to keep the ballooning budget deficit under control
2023-05-11 22:15
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:56
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is dipping in early trading, weighed down by a sharp drop for Disney and flaring fears about U.S. banks
2023-05-11 21:55
GM Envolve takes direct aim at Ford's fleet business
With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.'s lucrative fleet business. GM Envolve will work closely with large business and government fleet customers to tie them more closely to GM's other businesses.
2023-05-11 21:51
FDIC board to discuss special assessment fees for banks
The board of directors of the Federal Deposit Insurance Corp (FDIC) will meet on Thursday to consider special
2023-05-11 21:49
Flexiv and Cardinal Machine Join Forces to Combat Labor Shortages With Adaptive Robots
SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:21