Tag : Business News

Biden speaks with Walmart, UPS, other CEOs on supply issues -official

By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday spoke with the chief executives at Walmart Inc, United Parcel Service Inc, FedEx Corp and Target Corp to discuss speeding up deliveries and lowering prices for consumers, according to a White House official. "During the conversations, President Biden received updates from...

Rogers Communications ex-chair took heat for trying to jeopardize Shaw M&A, court documents show

By Sarah Berman (Reuters) - Independent directors of Rogers Communications, which is embroiled in a boardroom battle, had criticized former chairman Edward Rogers for trying to "insert himself as the de-facto CEO" and jeopardizing the planned C$20 billion ($16.1 billion) takeover of Shaw Communications, court documents showed on Friday. Rogers Co...

UK vows to manage fallout from soaring gas prices

By Kate Holton LONDON (Reuters) -Britain said on Saturday it would work with the energy industry to try to stem the fallout from soaring gas prices after fears grew that more energy providers and food producers would struggle to operate with such high costs. Business minister Kwasi Kwarteng said he had been reassured that the security of gas supply...

Schlumberger pushes COVID-19 vaccine disclosures as customer mandates grow

By Liz Hampton (Reuters) - Top oilfield services firm Schlumberger NV is asking U.S. employees to disclose their COVID-19 vaccine status and said more customers are mandating vaccinations as a condition for working on their job sites, the company said on Friday. Oil and gas companies have begun ordering certain employees and new hires get vaccina...

Drumbeat grows louder for BHP to exit petroleum

By Sonali Paul and Melanie Burton MELBOURNE (Reuters) - Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint. The world's biggest miner has been facing calls to detail how and when it will exit fos...