Reuters USA

Emerson Electric to buy NI Corp for $8.2 billion to deepen automation push

By Nathan Gomes (Reuters) -U.S. industrial conglomerate Emerson Electric Co said on Wednesday it will buy measurement tools maker NI Corp for $8.2 billion in a bid to boost its automation capabilities. The $60-per-share cash offer represents a premium of 14.1% to NI stock’s Tuesday close. The purchase will allow Emerson to tap NI’s software-connected …

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NPR to stop using Twitter, says account’s new label misleading

(Reuters) -National Public Radio (NPR) will no longer post content to its 52 official Twitter feeds in protest against a label by the social media platform that implies government involvement in the U.S. organization’s editorial content. NPR said on Wednesday Twitter refused its repeated requests to remove the inaccurate label of “state-affiliated media”, now changed …

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American Airlines signals profit hit from rising labor, fuel costs

(Reuters) -American Airlines Group Inc on Wednesday forecast first-quarter profit below market expectations, joining bigger rival United Airlines to signal a hit from persistently high labor and fuel costs. The dull outlook pushed its shares more than 8% lower and weighed on other major U.S. airlines. Delta Air Lines, which will kick off the earnings …

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Fox shareholder sues Rupert Murdoch, other directors over 2020 election coverage

By Jody Godoy and Helen Coster (Reuters) – A Fox Corp shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. Shareholder Robert Schwarz alleged in the lawsuit filed in …

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FEMA sued over lack of renewables in rebuilding Puerto Rico’s power grid

(Reuters) -Advocacy groups are suing the U.S. Federal Emergency Management Agency (FEMA), saying it is incorrectly ignoring renewable energy sources while using billions of dollars in congressional funding to rebuild Puerto Rico’s power grid. The Center for Biological Diversity and nine Puerto Rican community groups say FEMA is making Puerto Rico less resilient to storms …

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FDIC official blames SVB demise on management failures

By Hannah Lang WASHINGTON (Reuters) -Stricter banking regulations would not have prevented Silicon Valley Bank’s sudden failure last month, a top official at the Federal Deposit Insurance Corporation (FDIC) said on Wednesday, highlighting instead management failures behind its demise. Regulators were unable to quickly sell Silicon Valley Bank last month in part because the bank …

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Strategists slash U.S. yield view again despite Fed’s inflation focus

By Sarupya Ganguly BENGALURU (Reuters) -U.S. Treasury yields will trade sharply lower a year from now than was forecast just a few weeks ago, according to fixed-income strategists polled by Reuters, who also expected the U.S. yield curve to steepen further. Yields on U.S. 2-year Treasury notes have plunged over 100 basis points following the …

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