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SEC investigating Boeing's statements on its safety practices, Bloomberg News reports May 9, 2024 04:12PM

(Reuters) -The U.S. Securities and Exchange Commission is investigating statements made by Boeing Co. about its safety practices after a mid-air panel blowout on a 737 MAX flight in January, Bloomberg News reported on Thursday.

The SEC will examine whether the planemaker or its executives misled investors in violation of the Wall Street regulator's rules, the report said, citing three people familiar with the development.

Boeing and the SEC... (continue reading...)


Tesla interfered with union organizing at New York plant, US agency claims May 9, 2024 02:35PM

By Daniel Wiessner

(Reuters) -Tesla has been accused by a U.S. labor agency of discouraging workers at a Buffalo, New York, assembly plant from union organizing by barring them from using phones and other devices, an agency spokeswoman said on Thursday.

A National Labor Relations Board (NLRB) official issued a complaint late Wednesday claiming Tesla's workplace rule banning personal technology use, recording, and storing or sharing content... (continue reading...)


Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030 May 9, 2024 02:27PM

(Reuters) - Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial plan for an all-electric lineup in the region, the Detroit automaker said on Thursday.

The company had in 2021 outlined plans for an all electric lineup for Europe by the end of the decade.

"As EV adoption in Europe has slowed, we believe we need to offer our customers ICE (internal combustion engine) and hybrid... (continue reading...)


Exclusive-Power producer Calpine explores options including $30 billion sale, sources say May 9, 2024 02:23PM

By David French

(Reuters) - The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30 billion, including debt, according to people familiar with the matter.

The deal deliberations come as data centers powering artificial intelligence and extreme weather, such as heat waves... (continue reading...)


BP looks to expand EV charging unit in US after Tesla disbands Supercharger team May 9, 2024 02:01PM

(Reuters) -BP's electric charging unit is keen on expanding in the United States after electric vehicle maker Tesla disbanded its EV charging team, the oil company said on Thursday.

The development comes days after Tesla CEO Elon Musk abruptly laid off employees who ran the EV charging business, but said the automaker still plans to expand the Supercharger network, but at a slower pace for new locations.

"We are aggressively looking to... (continue reading...)


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