By Svea Herbst-Bayliss NEW YORK (Reuters) – C. H. Robinson Worldwide, the largest U.S. freight broker, is in advanced talks to name former United Parcel Service Inc (UPS) chief operating officer Jim Barber as chief executive officer after the departure of Bob Biesterfeld, two sources familiar with the discussions said. Barber, who spent nearly 35 …
Exclusive-C.H. Robinson closes in on naming Barber as new CEO Read More »
(Reuters) -General Motors Co said on Thursday it was expecting to take a pre-tax charge of up to $1.5 billion in connection with its voluntary separation program (VSP). The announcement comes as layoffs by U.S. companies in the past two months touch their highest since 2009, with the tech sector accounting for more than a …
GM to take up to $1.5 billion charge on voluntary separation plan Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday rebuked calls from some U.S. lawmakers advocating military action in Mexico against drug cartels, describing the proposals as threats to Mexican sovereignty. “We are not going to permit any foreign government to intervene in our territory, much less that a government’s armed forces …
Mexico president rejects U.S. lawmakers’ calls for military intervention against cartels Read More »
(Reuters) – Canada’s benchmark stock index see-sawed at open on Thursday as gains in commodity-linked stocks offset losses in banks, amid investor angst over further monetary tightening by the U.S. Federal Reserve. At 9:30 a.m. ET (1430 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 9.59 points, or 0.05%, at 20,356.12. (Reporting by …
By Rajesh Kumar Singh and Abhijith Ganapavaram CINCINNATI, Ohio (Reuters) -General Electric Co forecast revenue at its cash-cow aviation business to grow by at least low-double digit through 2025 on strong demand for jet engines and aftermarket services, sending its shares up 5.5% in early trading on Thursday. Through this period, it also expects profit …
GE sees aviation revenue boost from jet engines, aftermarket demand Read More »
By Richard Cowan and Susan Heavey WASHINGTON (Reuters) -Senate Republican leader Mitch McConnell, one of the most influential figures in Washington, has been hospitalized after tripping and falling at a hotel in the U.S. capital on Wednesday, his spokesperson said. McConnell, who is 81 and was first elected to the Senate in 1984, “tripped at …
Top U.S. Senate Republican Mitch McConnell hospitalized after fall Read More »
By Sarah N. Lynch and Rachael Levy WASHINGTON (Reuters) – The U.S. Department of Justice subpoenaed two of the top animal welfare officials at the Department of Agriculture to ask why they did not take action against animal research breeder Envigo despite documenting its mistreatment of thousands of beagles. Here is a timeline of the …
Events leading up to the seizure of 4,000 beagles at Envigo facility Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits increased by the most in five months last week, but the underlying trend remained consistent with a tight labor market. Initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, the …
US weekly jobless claims post largest increase in five months Read More »
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungarian Prime Minister Viktor Orban said on Thursday that the National Bank of Hungary’s cuts to money supply were too drastic as inflation has probably peaked and price growth was driven by energy costs and sanctions on Russia. The prime minister’s comments come after the central bank …
Hungary’s Orban hits back at central bank in growing rift over high inflation Read More »
By Dave Graham and Julia Harte MEXICO CITY/NEW YORK (Reuters) – Mexican law enforcement agents are investigating the possibility that members of a drug cartel kidnapped four Americans last Friday thinking that they were encroaching on their turf, according to an internal government document seen by Reuters. Two of the Americans, identified by Mexican officials …
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