(This June 22 story corrects headline and first paragraph to show that the payment is a settlement between the banks and Brazil's watchdog, not a fine; adds Citibank statement that…
Category: Business
GE CEO Culp expands role to head aviation unit
General Electric Co (GE.N) said on Monday Chief Executive Larry Culp will also head its aviation unit effective immediately, replacing John Slattery, as the industrial conglomerate prepares to split into…
Albemarle plans major U.S. lithium processing plant
Albemarle Corp (ALB.N) plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces…
Oil rises $2/bbl after G7 vows new Russian sanctions
Oil rose $2 a barrel on Monday on the prospect of even tighter supplies loomed over the market as the Group of Seven nations promised to tighten the squeeze on…
Dollar retreats as markets rethink Fed rate bets, eye ECB hikes
The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a…
Judge orders new trial in Tesla worker’s race bias lawsuit
A federal judge in California on Monday ordered a new trial on the damages Tesla Inc (TSLA.O) owes to a Black former factory worker who accused the company of race…
Ford recalls 2,900 EV F-150 Lightning pickup trucks
Ford Motor Co (F.N) said Monday it will recall about 2,900 F-150 Lightning trucks because a software issue may result in a failure to provide adequate warning of low tire…