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A person carries a flag with the patch from the United Auto Workers (UAW) labor union during a May Day rally for media workers held by The NewsGuild of New York on International Workers' Day in Manhattan, New York City, New York, U.S., May 1, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDETROIT, Sept 15 (Reuters) - The United Auto Workers union launched simultaneous strikes at three Detroit Three factories early on Friday, kicking off the most ambitious U.S. industrial labor action in decades. Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. UAW President Fain has taken an unorthodox approach to the negotiations, bargaining with all three Detroit automakers simultaneously. But the Detroit automakers build some of the U.S. market's best-selling vehicles, such as the Ford F-150 and Chevrolet Silverado pickup trucks and Jeep SUVs.
Persons: Andrew Kelly, Shawn Fain, Fain, Stellantis, Sam Fiorani, Ford, Gerald Johnson, Jim Farley, Joe Biden, Biden, Biden's, Dan Ives, market's, Joseph White, David Shepardson, Peter Henderson, Mehr Bedi, Jamie Freed Organizations: United Auto Workers, UAW, International Workers, REUTERS, Rights, Detroit, Ford Bronco, Chevrolet, General Motors, Ford, Chrysler, Cox Automotive, Forecast Solutions, Bronco, Tesla, GM, Toyota, Honda, Mercedes, Chevrolet Silverado, Deutsche Bank, Thomson Locations: New York, Manhattan , New York City , New York, U.S, Chevrolet Colorado, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio, Toledo, Detroit Three's U.S, United States, Detroit, Washington, San Francisco, Bengaluru
The SAFE Banking Act would make it lawful for legal marijuana businesses to use major financial and banking institutions. Smart Approaches to Marijuana Action, a political organization opposed to marijuana legalization, urged Tuberville to oppose the legislation in a recent letter. Financial institutions, including small and community banks, have also put pressure on lawmakers, including Tuberville, to support the bill. There's been these attempts by the chairman of the Banking Committee to add a bunch of other stuff onto it, and I think that just completely torpedoes the chances." Ahead of his re-election campaign, President Joe Biden announced his intention to pardon federal convictions for simple marijuana possession offenses at the end of last year.
Persons: Chuck Schumer, We've, Sen, Steve Daines, Sherrod Brown, Kevin Cramer, Daines, Cramer, Dan Sullivan, Lisa Murkowski, Bill Cassidy of, Cynthia Lummis of, Rand Paul of Kentucky, Susan Collins of, Kevin McCarthy of California, McCarthy, Tommy Tuberville, Steve Stafford, Tuberville, Sullivan, Jeff Sessions, Trump, Sheriff Dan Springer, Springer, I've, Jeff Merkley, Jack Reed, It's, Cory Booker of, Dave Joyce, Alexandria Ocasio, Joe Biden Organizations: U.S, Capitol, Banking, Housing, Urban Affairs, SAFE, Republicans, Democrats, GOP, Auburn University, Smart, Senators, Republican, D.C, Sheriff, HOPE Locations: Ohio, GOP Sens, Alaska, Bill Cassidy of Louisiana, Cynthia Lummis of Wyoming, Susan Collins of Maine, Washington, Gallatin County , Montana, Montana, Cory Booker of New Jersey, R, Alexandria, Cortez
Here Are the Plants Where U.A.W. Strikes Are HappeningWentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Wentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Ala. Alaska Ariz. Ark. The three plants represent only a small portion of the unionized factories of G.M., Ford and Stellantis across the United States, and less than 10 percent of those companies’ 150,000 U.A.W. Company Plant Workers Ford Michigan Assembly Plant Wayne, MI 3,300 Stellantis Toledo Assembly Complex Toledo, OH 5,800 GM Wentzville Assembly Plant Wentzville, MO 3,600 Sources: Company websites (plant locations); U.A.W. The strikes are affecting plants owned by each of the three U.S. automakers — a change in tactics from previous U.A.W.
Persons: Iowa Kan Organizations: Plant, Hawaii Idaho Ill, N.D . Ohio Okla, New York Times, United Automobile Workers, Detroit, , Motors, Ford Motor, Chrysler —, Ford, Company Plant Workers Ford, Company Plant Workers Ford Michigan Assembly Plant, Wentzville Locations: Michigan, Toledo, Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Midwest, G.M, United States, Company Plant Workers Ford Michigan, Company Plant Workers Ford Michigan Assembly Plant Wayne, MI
The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsBERLIN, Sept 13 (Reuters) - MTU Aero Engines (MTXGn.DE) will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems with its partner's geared turbofan engines, the German aircraft engine maker's chief financial officer said on Wednesday. The problems would not markedly affect the current year but will result in a hit to cash flow of about 700 million euros ($751.45 million), which will be felt mainly in 2024 and 2025, with some spillover in 2026, according to CFO Peter Kameritsch. MTU said in a statement earlier on Wednesday that it is considering leaving the "significant resulting charges" on reported revenue and earnings figures for 2023 out of its current year guidance. ($1 = 0.9315 euros)Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Persons: Benoit Tessier, Pratt, Peter Kameritsch, Kameritsch, Lars Wagner, Christina Amann, Miranda Murray, Rachel More, Elaine Hardcastle Organizations: International Paris Air, Le, REUTERS, Rights, Aero, Whitney, German, Pratt & Whitney, RTX Corp, Thomson Locations: Le Bourget, Paris, France
Citigroup's business heads in revamped structure
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +3 min
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. He is an alum of the London Business School and the London School of Economics. In 2021, he became the global head of Citi's treasury and trade solutions arm. ANDY SIEG, WEALTH The incoming head of Citi's wealth management unit starts on Sept. 27, after running Bank of America's powerhouse Merrill Lynch Wealth Management division since 2017. He was previously the head of the consumer bank in Asia and Europe, Middle East and Africa.
Persons: Chris Helgren, Jane Fraser, SHAHMIR, Khaliq, Fraser, ANDREW MORTON, Morton, Lehman, PETER BABEJ, ANDY SIEG, Merrill, GONZALO LUCHETTI, Niket, Lananh Nguyen, Chizu Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, London Business School, London School of Economics, Morton, Heath, Lehman Brothers, Citi Asia Pacific, Deutsche Bank, Lazard, of America's, Merrill Lynch Wealth Management, JPMorgan Chase, Bain & Company, Thomson Locations: Toronto , Ontario, Canada, Fraser, Jarrow, Asia, Europe, Middle East, Africa, Bengaluru
U.S. President Joe Biden attends a meeting with Vietnam's Communist Party General Secretary Nguyen Phu Trong, at the Communist Party of Vietnam Headquarters in Hanoi, Vietnam, September 10, 2023. But Washington's elevation to the same tier as Beijing in Vietnam's ranking will inevitably have an impact on China. The White House had no new arms deals to announce, but the new ties may facilitate future supplies from the U.S. or its partners. That would inevitably reduce Vietnam's reliance on Russian gear, although Hanoi is currently negotiating a new possible arms deal with Moscow. "We do not have any comment on a decision that does not involve Airbus," an Airbus spokesperson said.
Persons: Joe Biden, Nguyen Phu Trong, Evelyn Hockstein, Mao Ning, Joe Biden's, Biden, Carolyn Nash, Fluence, Germany's, Francesco Guarascio, Tim Hepher, Jamie Freed Organizations: Vietnam's Communist Party General, Communist Party of, REUTERS, Washington, White, AIRBUS, U.S, planemaker Boeing, Vietnam Airlines, Airbus, Boeing, Amnesty International, Vietnam, Communist Party, Human Rights Watch, INDIA Washington, Nvidia, Microsoft, AES, SIEMENS, AMI, Honeywell, Nasdaq, Germany's Siemens, Siemens, Thomson Locations: Communist Party of Vietnam, Hanoi, Vietnam, United States, Washington, CHINA Vietnam, Beijing, China, Vietnam's, RUSSIA Vietnam, Russia, U.S, Moscow, Hanoi , U.S, Asia, MALAYSIA, INDIA, Malaysia, India, Paris
Douglas chooses banks as global coordinators for planned IPO
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: 1 min
DUESSELDORF, Sept 13 (Reuters) - German perfume and cosmetics retailer Douglas, majority owned by CVC Capital Partners, has chosen Goldman Sachs (GS.N), Citi (C.N), Deutsche Bank (DBKGn.DE), UniCredit (CRDI.MI) and UBS (UBSG.S) as global coordinators for a planned IPO, a source familiar with the matter said on Wednesday. Reuters reported in August that the private equity house was working with advisers at Rothschild & Co to prepare the initial public offering (IPO), which could happen as early as next year. The IPO could value Douglas at up to 7 billion euros ($7.68 billion), people close to the matter said at the time. Douglas declined to comment. Reporting by Matthias Inverardi, Writing by Victoria Waldersee; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Douglas, Goldman Sachs, Matthias Inverardi, Victoria Waldersee, Chris Reese Organizations: CVC Capital Partners, Citi, Deutsche Bank, UBS, Reuters, Rothschild & Co, Thomson
RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).
Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru
Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.
Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru
MTU sees billion-euro hit to earnings on turbofan woes
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +1 min
The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsSept 11 (Reuters) - Problems with the turbofan engines at U.S. partner Pratt & Whitney led MTU Aero Engines (MTXGn.DE) to issue a profit warning on Monday, with measures to rectify the issue expected to deal a billion-euro blow to the German company's earnings. MTU said an expanded inspection of the geared turbofan engines at Pratt & Whitney could result in a hit to revenue and reported EBIT of around 1 billion euros ($1.07 billion) in the current financial year. MTU has an 18% share in the geared turbofan engines, which power Airbus' (AIR.PA) A320neo family of aircraft. Earlier Monday, the U.S. company said it expected a financial burden of $3-3.5 billion as a result of the problems.
Persons: Benoit Tessier, Pratt, Pratt & Whitney, Anna Mackenzie, Rachel More, Friederike Heine, David Evans Organizations: International Paris Air, Le, REUTERS, Whitney, MTU Aero, Pratt &, Pratt & Whitney, RTX Corp, Airbus, U.S ., Thomson Locations: Le Bourget, Paris, France, U.S
Shannon Brandt, of Glenfield, North Dakota, pleaded guilty in May to manslaughter in connection with Cayler Ellingson's death in September 2022, in McHenry, North Dakota. Brandt initially claimed he ran Ellingson over after a political argument and that the teen had threatened him and was part of a radical group, according to court documents. Political Cartoons View All 1148 ImagesHe was initially charged with criminal vehicular homicide, which was later dropped. Brandt had also been charged with leaving the scene of the fatality, since dismissed in a plea deal. Brandt called 911 and told a dispatcher he had hit a man with his vehicle and requested an ambulance, according to the court document.
Persons: Donald Trump, , Shannon Brandt, Cayler, Brandt, Trump, Ellingson, Kara Brinster, , Brinster, Mark Friese, It's, Friese Organizations: N.D, Republican, Associated Press Locations: BISMARCK, North Dakota, Glenfield , North Dakota, McHenry , North Dakota, Glenfield
Abortions rose in nearly every state where the procedure remains legal, but the change was most visible in states bordering those with total abortion bans. Data was not collected from the 14 states with abortion bans in effect in the first part of the year. Range of 2023 estimates 2020 count Low Median High 20,000 40,000 60,000 80,000 Calif. N.Y. Ill. Fla. N.J. N.C. Both reports show significant increases in abortions in states without abortion bans, a change that anti-abortion advocates and legislators are watching closely. Guttmacher researchers collected abortion data before legislatures enacted bans and restrictions in Indiana, North Carolina and South Carolina.
Persons: Rose, telemedicine, Court’s Dobbs, , Caitlin Myers, Maine, Ariz, Nev, Isaac Maddow, isn’t, Dobbs, Dr, Myers, . Kan, WeCount, we’ve, Katie Daniel, Susan B, Anthony Pro Organizations: Ore, Ill . Utah W.Va, D.C, Guttmacher Institute, Middlebury College, , Minn, Maine Conn, R.I . Ore . Iowa Md, Miss, Ariz . D.C, Colo, Ill, S.C . D.C, N.M . Utah Ill, Va . Iowa Kan, R.I . Ore . Iowa Calif, Ind . Utah Iowa Hawaii Del, America Locations: . Maine, N.D, Vt, Minn, N.H . Idaho S.D, N.Y, Mass, Wis, Mich, Conn, Wyo, R.I, Pa . Iowa, Nev . Ohio Ind, Md, Del, Ill . Utah, Colo, Calif, Va, Kan, Mo, Ky, N.C, Tenn, Okla, ., N.M ., Miss . Ala . Texas La, Alaska Fla, Hawaii States, N.H . Idaho, S.D, Nev . Ohio, Del . Ind, Colo . Va . Calif, Hawaii, United States, Washington, Kan . Ohio Fla, R.I . Ore . Iowa, Ariz ., Ind, La, Nev . Tenn, Okla . Mich, Wash, Pa, Texas, Fla, Pa . Colo, Wash . Ohio Mich, Ga, S.C ., N.M . Utah, Va . Iowa, Pa . N.Y, Okla . Tenn, Nev . Mich, In Illinois, Colorado , Kansas, New Mexico, South Carolina, Arizona , Georgia, Indiana, Arizona, Georgia, California, Florida , Illinois, New York, Ill, Fla . N.J, Pa . Mich, Va . Colo, Wash . Ohio, Ind . Utah Iowa Hawaii, R.I . Maine, Mont . Vt, Alaska, Colorado, Illinois, Indiana , North Carolina
Government shutdown looms: Congress races to extend funding
  + stars: | 2023-09-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGovernment shutdown looms: Congress races to extend fundingFormer Senator Judd Gregg (R-N.H.) and former Senator Heidi Heitkamp (D-N.D) join 'Squawk Box' to discuss the looming government shutdown, the country's current budget deficit, and Gregg's thoughts on the government's economic report card.
Persons: Judd Gregg, Heidi Heitkamp Organizations: Government
WASHINGTON, Sept 5 (Reuters) - U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive need to be recalled because they may rupture and send dangerous metal fragments flying. GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver. Delphi Automotive, acquired by Autoliv (ALV.N), manufactured approximately 11 million of the inflators through 2004 under a licensing agreement with ARC, which manufactured the remaining 41 million inflators. NHTSA has been scrutinizing air bag inflator ruptures for more than 15 years. Over the last decade, more than 67 million Takata air bag inflators have been recalled in the United States and more than 100 million worldwide, the biggest auto safety callback on record.
Persons: Autoliv, David Shepardson, Jonathan Oatis, Leslie Adler, Timothy Gardner Organizations: ARC Automotive, Delphi, Traffic Safety Administration, ARC, NHTSA, General Motors, Ford Motor, Toyota, Hyundai, Kia, Mercedes, Benz, BMW, Volkswagen, ARC inflators, GM, Delphi Automotive, Autoliv, Thomson Locations: United States, U.S
Never has “silence” been more resounding. (Chacon went on to win the Pulitzer Prize in music last year.) My 2023-24 go-to list includes other potentially horizon-expanding group shows, all historical. During the “global” moment a few decades back New York museums, large and small, regularly gave us valuable introductory samplings of unfamiliar (here, anyway) contemporary work from Asia. “Only the Young: Experimental Art in Korea, 1960s-1970s” at the Guggenheim Museum (Sept. 1-Jan. 7) is in the line of such shows and welcome in the present international spotlighting of Korean culture.
Persons: Harry Smith ”, Raven Chacon, , Chacon Organizations: Whitney Museum of American, Miller Institute for Contemporary Art, Carnegie Mellon University, Dakota, Pipeline, , Guggenheim Museum Locations: Pittsburgh, New York, Asia, Korea
REUTERS/Caitlin Ochs//File Photo Acquire Licensing RightsNEW YORK, Aug 31 (Reuters) - A lawyer for the U.S. Virgin Islands said on Thursday that JPMorgan Chase (JPM.N) told U.S. authorities it processed more than $1 billion for Jeffrey Epstein over 16 years. The U.S. Virgin Islands, where Epstein owned two private islands, is suing JPMorgan for at least $190 million and likely much more, saying it ignored red flags that Epstein was running a sex trafficking operation because he was a lucrative client. JPMorgan has denied knowing that Epstein was running a sex trafficking operation, and has faulted the territory for having a cozy relationship with him. "JPMorgan was a full service bank for Jeffrey Epstein's sex trafficking," Liu said. Ellsworth also disputed the U.S. Virgin Islands' claim that JPMorgan obstructed investigations into Epstein, saying the bank had asked federal authorities about their own probes into his conduct.
Persons: Caitlin Ochs, U.S . Virgin Islands, JPMorgan Chase, Jeffrey Epstein, Mimi Liu, Epstein, Liu, Jed Rakoff, Jeffrey Epstein's, Felicia Ellsworth, Ellsworth, Rakoff, Rakoff preliminarily, Luc Cohen, Noeleen Walder, Grant McCool Organizations: JPMorgan Chase Bank, REUTERS, U.S . Virgin, JPMorgan, U.S, U.S . Treasury Department, Reuters, Treasury, U.S ., Department, Deutsche Bank, Thomson Locations: New York City, U.S, U.S . Virgin Islands, Manhattan, New York
SoftBank plans to sell about 10% of Arm's shares in the IPO at a valuation of $60 billion to $70 billion, Reuters has previously reported. SoftBank decided to sell fewer Arm shares in the IPO after buying the 25% stake in Arm it did not directly own from its Vision Fund unit. Arm and SoftBank have set aside 10% of the shares to be sold in the IPO for its clients. Arm's shares will be listed on the Nasdaq and trade under the ticker symbol 'ARM'. Bloomberg reported on Arm's IPO timeline earlier on Thursday.
Persons: Dado Ruvic, SoftBank, Goldman Sachs, JPMorgan Chase, Anirban Sen, David Gregorio Our Organizations: REUTERS, Arm Holdings Ltd, Labor, SoftBank Group Corp, Reuters, Vision Fund, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Alibaba Group, HK, Deutsche Telekom, Mobile U.S, Goldman, JPMorgan, Barclays, Mizuho Financial Group, underwriters, Nasdaq, Bloomberg, Thomson Locations: New York
LONDON, Aug 29 (Reuters) - As the world's best badminton players travel home after the World Championships in Denmark, the sport's leading manufacturer Yonex (7906.T) told Reuters some of them were fighting it out for the first time in sneakers made partly from recycled materials. In addition to appeasing environmentally conscious shoppers, the companies argue that switching to recycled materials helps reduce waste and their reliance on finite resources. While developing the products, Yonex thought about how to blend materials in order to overcome the challenge of the physical properties of sustainable materials generally being different to traditional materials. He added that sustainable materials currently cost more to use because suppliers mass-produce traditional materials. Yonex said it uses sustainable materials in 83% of its apparel products, such as organic cotton or recycled fibers.
Persons: Chen Yu Fei, Viktor Axelsen, Yonex, Shinichiro Chiba, Chiba, Taiwan's Victor, Richa Naidu, David Holmes Organizations: Reuters, Sports, Adidas, Badminton World Federation, Olympic, Thomson Locations: Denmark, Tokyo, China
US business borrowing for equipment falls 2% in July - survey
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly Acquire Licensing RightsAug 28 (Reuters) - U.S. companies borrowed nearly 2% less in July than last year to finance equipment investments, an Equipment Leasing and Finance Association (ELFA) survey showed on Monday. The companies signed up for new loans, leases, and lines of credit worth $9.9 billion last month, compared with $10.1 billion a year earlier, the industry body's survey said. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 75.3%, down from 76.1% in June. Washington-based ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index in August stood at 50.4, an increase from 46.4 in July.
Persons: Andrew Kelly, Ralph Petta, Craig Ault, Honour, Pratyush Thakur, Maju Samuel Organizations: REUTERS, Leasing, Finance Association, Bank of America Corp, Caterpillar Inc, Dell Technologies Inc, Siemens AG, Canon Inc, Volvo, Finance Foundation, Thomson Locations: Manhattan , New York City, U.S, Washington, United States, Bengaluru
AQUIFERS AQUIFERS AQUIFERS WASH. MAINE MONT. MONITORING WELLS MONITORING WELLS MONITORING WELLS WASH. MAINE MONT. FLA. DECLINING WELLS DECLINING WELLS DECLINING WELLS WASH. MAINE MONT. FLA. UNCHARTED WATERS America Is Using Up Its Groundwater Like There’s No Tomorrow Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed. Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Note: Colors depict the median trend for each site over the previous 20 years.
Persons: CONN, WELLS, Rebecca Noble, breadbasket, overpumping, ” Don Cline, There’s, Christopher Neel, Loren Elliott, Mr, Neel, they’re, , Bridget Scanlon, Ashraf Rateb, Warigia Bowman, ” Rebecca Noble, Farrin Watt, what’s, Brownie Wilson, Wilson, Watt, Bill Golden, , Fayetteville ARKANSAS Little Rock Texarkana Ayden Massey, Kevin Rein, haven’t, Rein, ’ ”, Charles County, Jason Groth, “ It’s, Saturday, Groth, CHARLES COUNTY, MARYLAND CHARLES, CHARLES COUNTY David Abrams, they’ve, homebuyers, Susan Asmus, ” Ms, Asmus, Upmanu Lall, Angelo Fernández Hernández, Biden, Ron Wyden, Wyden, Courtney Briggs, Overpumping, Cline, Dan Dubois, Ryan Smith, Smith, Bill Keach, Ann Tihansky, Joseph Cook, Rob Dotson, Enoch, ” Mr, Dotson, Claire O'Neill, Matt McCann, Umi Syam.Edited, Jesse Pesta, Douglas Alteen Organizations: ALA, MISS, IOWA NEB, N.J . OHIO NEV, DEL, UTAH W.VA, MAINE, New York Times, America, The Times, The New York Times, Hamptons, United States Geological Survey, Times, NEV . OHIO DEL, Oklahoma Water Resources Board, Jet Propulsion Laboratory, NASA, University of Texas, Oklahoma and, University of Tulsa, Groundwater Monitoring, Kansas, Wichita, Management, Livestock, Kansas Geological Survey, Kansas State University, Arkansas Department of State, Fayetteville ARKANSAS Little Rock, Fayetteville ARKANSAS Little Rock Texarkana, Arkansas Department of Agriculture, Colorado, Maryland Department of, U.S . Geological Survey, Environmental Protection Agency, ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells, Arizona Department of Water, National Association of Home Builders, Columbia Water Center, Columbia University, Democrat, Mr, Power, American Farm Bureau Federation, . Geological Survey, The Suffolk County Water Authority, Queens, Stanford, Colorado State University, Arizona Geological Survey, University of Arizona, The New York Locations: MAINE, MINN, VT, N.H . IDAHO S.D, N.Y, WIS, WYO, PA, IOWA, NEV . OHIO, UTAH, COLO . CALIF . VA, KAN . MO, KY, N.C, TENN, OKLA, ., MISS . TEXAS LA, FLA, N.H . IDAHO, R.I . PA, N.J . OHIO, N.D, N.J, ARIZ, WELLS, MONT, WELLS MAINE MONT, United States, Mississippi, Illinois, America, The, The New York Times States, Kansas, New York State, American, Phoenix, Utah , California, Texas, N.J . IOWA, CONN, Texas , Oklahoma, Colorado, Oklahoma, California, Arizona, Austin, Oklahoma and Texas, Wichita County, Western Kansas, Ogallala, Kansas City Topeka KANSAS Wichita, KANSAS, In Arkansas, Arkansas, Fayetteville, Fayetteville ARKANSAS Little Rock Texarkana, ARKANSAS, Maryland, Charles, Washington, Baltimore MARYLAND Washington, Baltimore Washington, MARYLAND, Potomac, U.S, ARIZONA, ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson, ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells Phoenix Tucson ARIZONA Wells ARIZONA, Arizona , Texas, Utah, Oregon, , Florida, Gulf Coast and California, New York, Queens, Brooklyn, The Suffolk County, Parowan Valley , Utah, Norfolk, Va, Mexico, Vietnam, San Joaquin Valley, San Luis Valley, Enoch, Houston, Florida, Enoch’s
In 2021, along a two-lane highway in Mandan, N.D., a giant billboard showing masked figures in clothing that was inspired by both Indigenous tradition and science fiction declared: “WE SURVIVE YOU.” Its artist, Cannupa Hanska Luger, is one of 17,000 members enrolled in the Mandan, Hidatsa and Arikara Nations today. In 2007, the Anishinaabe artist Rebecca Belmore photographed an Indigenous woman with a “fringe” of blood (represented by red string) trickling from a diagonal scar across her back. “To me it is a wound that is on the mend,” Belmore has said. “She will get up and go on, but she will carry that mark with her.”Over the years, the Kalaaleq artist Laakkuluk Williamson Bathory has performed Greenlandic mask dances, or uaajeerneq, for audiences around the world: “It is a fearsome, sexy clown act,” she’s written, “that was handed down to me from my mother and other Inuit activist artists from Greenland’s movement to self-government in the 1970s.”
Persons: , Cannupa Hanska Luger, Rebecca Belmore, ” Belmore, , Laakkuluk Williamson Bathory Organizations: N.D, Locations: Mandan, Hidatsa, Arikara Nations
REUTERS/Mario Anzuoni//File Photo Acquire Licensing RightsOTTAWA, Aug 24 (Reuters) - Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart (WMT.N) and Hugo Boss (BOSSn.DE) to probe allegations of Uyghur forced labor in the companies' supply chains and operations. The Canadian Ombudsperson for Responsible Enterprise (CORE) said it had published an initial assessment report after complaints filed by a coalition of 28 civil society organizations in June 2022. CORE will also investigate the Canadian unit of fashion firm Diesel, which is owned by Italy's OTB (OTB.L). In March, a U.N. committee said it was concerned about China's treatment of its Muslim minority, including the use of forced labor against Uyghurs. CORE was launched in 2019 to monitor and investigate human rights abuses, mainly by Canadian garment, mining and oil and gas companies operating abroad.
Persons: Mario Anzuoni, Hugo Boss, Italy's OTB, Ralph Lauren, RL.N, Sheri Meyerhoffer, CORE's Ombudsperson, David Ljunggren, Jonathan Oatis Organizations: Walmart, REUTERS, Rights OTTAWA, Responsible Enterprise, Diesel, Nike Canada, CORE, Thomson Locations: Rosemead , California, U.S, China
The Foot Locker store in Broomfield, Colorado is seen on November 17, 2016. The athletic-wear retailer also missed expectations for quarterly sales, said it would pause its dividend payouts and flagged softer demand in July, which is typically when back-to-school shopping starts. The shares of the company's larger rivals Nike (NKE.N), Dick's Sporting Goods (DKS.N) and Under Armour fell between 2% and 4% in premarket trade. Foot Locker's warnings kept the pressure on sportswear retailers after they tumbled on Tuesday when Dick's Sporting Goods also cut its full-year profit targets, slammed by hits to its margins from retail theft. Foot Locker also said its quarter was hit by inventory shrink, or retail theft, and steeper discounts.
Persons: Rick Wilking, Mary Dillon, Armour, Locker, Juveria Tabassum, Savio D'Souza Organizations: REUTERS, Nike, Dick's Sporting, Adidas, Puma, Dick's Sporting Goods, Thomson Locations: Broomfield , Colorado
HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. An increasingly competitive Chinese market means others may also need to plot a new route. VW’s western peers may feel they do not need to follow in its tracks. Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China. Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.
Persons: China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum Organizations: Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson Locations: HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang
They are likely to pose another challenge for the administration, which has dispatched several top officials to China in recent weeks to try to stabilize economic ties. But while Washington may see a relationship with China as a necessary evil, officials at the state and local levels appear determined to try to sever their economic relationship with America’s third-largest trading partner. “The shift that we have seen to the states is relatively recent, but it’s gaining strength.”One of the biggest targets has been Chinese landownership, despite the fact that China owns less than 400,000 acres in the United States, according to the Agriculture Department. The Committee on Foreign Investment in the United States, a powerful interagency group known as CFIUS that can halt international business transactions, reviewed the proposal but ultimately decided that it did not have the jurisdiction to block the plan. However, the Air Force, citing the mill’s proximity to a U.S. military base, said this year that China’s involvement was a national security risk, and local officials scuttled the project.
Persons: , Mario Mancuso, Kirkland & Ellis Organizations: Kirkland &, Agriculture Department, Fufeng USA, Foreign Investment, Air Force Locations: China, United States, Washington, American, Grand Forks, N.D, U.S
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