By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca…
Wall St ends 2022 with biggest annual drop since 2008
By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven…
Pentagon awards $7.8 billion F-35 contract modification to Lockheed Martin
WASHINGTON (Reuters) -The U.S. Defense Department said on Friday it had awarded a $7.8 billion contract modification for F-35 aircraft…
Bankman-Fried set to enter not guilty plea in FTX fraud case -source
By Jack Queen NEW YORK (Reuters) -Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to…
Inflation, recession and earnings among factors to drive U.S. stocks in 2023
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors could not be more eager to turn the page on…
Petrobras’ next CEO seen overseeing strategic shift with renewables focus
By Marta Nogueira, Rodrigo Viga Gaier and Maria Carolina Marcello RIO DE JANEIRO/BRASILIA (Reuters) – The nomination of a Brazilian…
New Fed research flags rising risk of U.S. recession
By Michael S. Derby NEW YORK (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of…
Indian rupee ends down more than 10% in 2022, worst since 2013
(Corrects headline and first paragraph on quantum of rupee’s fall. Deletes graphic) By Anushka Trivedi MUMBAI (Reuters) – The Indian…
Southwest Airlines operations back to normal after being crippled by storm
WASHINGTON (Reuters) – Southwest Airlines was up and running on a normal schedule on Friday after a massive winter storm…
Southwest promises refunds as airline sees ‘certain’ financial impact
By Doina Chiacu and David Shepardson WASHINGTON (Reuters) -Southwest Airlines promised to reimburse passengers for expenses such as hotels and…