By David Shepardson WASHINGTON (Reuters) - The chair of the National Transportation Safety Board will tell the Senate Commerce Committee on Wednesday the agency needs more funding and warn cuts could put probes into aviation and rail accidents at risk. NTSB Chair Jennifer Homendy will tell a committee hearing, in written testimony seen by Reuters,...
By Ananya Mariam Rajesh (Reuters) -Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling a slower-than-expected rebound in demand even as consumers see some relief from easing inflationary pressures, sending shares down 10% after the bell. The company joins Macy\'s (NYSE:M) in signaling weak 2024 sales as retailers brace for another year...
ARCHBOLD, Ohio - Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), the holding company for F&M Bank, has promoted Kevin Becker to the role of Senior Vice President and Chief Credit Officer, effective immediately. Lars Eller, President and CEO of the company, announced the internal elevation of Becker, who has been with F&M Bank since 2015, highlighting...
BRENTWOOD, Tenn. - CoreCivic, Inc. (NYSE:CXW), a diversified government solutions company, announced the successful upsize and pricing of its senior notes offering. Initially set at $450 million, the offering has been increased to $500 million in aggregate principal amount of 8.25% senior notes due 2029. The proceeds from the sale, expected to net approximately $490.3...
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo. In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in...
(Reuters) -Alphabet\'s Waymo said on Tuesday it will begin driverless passenger services for its employees in Austin, Texas starting Wednesday. Waymo is pulling ahead with its expansion plans at a time when its key rival Cruise, owned by General Motors (NYSE:GM), has suspended U.S. operations in the wake of a pedestrian-dragging accident. The company said...
(Reuters) - Ross Stores (NASDAQ:ROST) forecast annual profit and same-store sales below Wall Street estimates on Tuesday as budget-conscious consumers cut back on discretionary spending amid sticky inflation. Lower-income customers, whose household budgets have shrunk due to higher pricing pressures, have been compelled to hit a pause on even cheaper non-essential items and limit purchases...
By Jonathan Stempel (Reuters) - X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on nearly 1,700 songs by letting people post music online without permission. U.S. District Judge Aleta Trauger in Nashville, Tennessee said...
-- U.S. stock index futures steadied in evening deals on Tuesday as Wall Street nursed a sharp fall from record highs, with focus turning squarely to an upcoming testimony by Federal Reserve Chair Jerome Powell. A mix of profit-taking, particularly in the technology sector, and anxiety over U.S. interest rates, was the key driver of...
By Brendan Pierson (Reuters) - Bayer (OTC:BAYRY) on Tuesday said it won a trial in a lawsuit brought by a retired postal service worker in Pennsylvania who alleged he developed non-Hodgkins lymphoma from using the company\'s Roundup weedkiller. In addition to the jury verdict in the Philadelphia Court of Common Pleas, Bayer said a California...