Latest News Updates From Bloomberg News

GovernmentBusinessFuel

Shell Will Sell Russia Fuel Stations as Part of Exit Plan

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.

May 6, 2022
GovernmentBusinessSafetyLogistics

Texas Ag Commissioner Blasts Governors Border Crackdown

Texas Agriculture Commissioner Sid Miller blasted Gov. Greg Abbotts catastrophic crackdown on cross-border trucking and warned it will lead to food shortages in the second-largest U.S. state.

April 13, 2022
BusinessTechnologyAutonomous

Elon Musk Wont Join Twitters Board

Twitter Inc.s shares slid after Elon Musk decided not to join its board, a stunning twist to a weeklong saga that has captivated the tech community and touched off renewed speculation about the companys future.

April 11, 2022
GovernmentBusinessFuel

Dems Accuse Oil Execs of Profiteering as War Strains Supplies

Congressional Democrats excoriated executives from some of the worlds biggest oil companies on April 6, accusing them of exploiting the war in Ukraine and a surge in crude prices to secure windfall profits at the expense of American motorists.

April 6, 2022
BusinessTechnologyAutonomous

Plus Weighs IPO of Non-China Business

Plus is considering listing its non-China businesses in a U.S. initial public offering, according to people familiar with the matter, after the self-driving-truck startup scrapped a merger with a blank-check company.

April 1, 2022
BusinessTechnology

Tesla, Amazon Stock Splits Trigger Retail Stampede

Recent proposals from Alphabet Inc., Amazon.com Inc. and Tesla Inc. tell us one thing: Stock splits can spark big rallies as retail traders pile in.

March 29, 2022
GovernmentBusiness

A World Thats More Expensive Begins to Reduce Demand

Prices for some of the worlds most pivotal products foods, fuels, plastics, metals are spiking beyond what many buyers can afford. Thats forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic and war back into recession.

March 28, 2022
GovernmentBusinessSafety

SEC Plan Would Require Climate-Change Risk Disclosures

Companies will need to reveal detailed information about their greenhouse gas pollution under a proposed U.S. Securities and Exchange Commission plan, marking a major shift in how corporations must show they are dealing with climate change.

March 21, 2022
BusinessLogistics

Canadian Pacific Set to Shut Down if Labor Talks Fail

Canadian Pacific Railway Ltd. has issued a 72-hour notice to the Teamsters Canada Rail Conference of plans to lock out employees early March 20 if the unions leadership and the company fail to negotiate a settlement or agree to binding arbitration.

March 17, 2022
BusinessTechnologyEquipment

Intel Outlines Plans Amid Global Chip Race

Magdeburg in the former East Germany is famous for its towering Gothic cathedral, and not a lot else. Its now about to play a key role in U.S. and European efforts to tilt the global balance of power.

March 16, 2022