Liquefied natural gas processing equipment at Shell's Queensland Curtis LNG plant on Curtis Island in Australia. (Ian Waldie/Bloomberg News) Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal. Speaking in a Bloomberg TV interview March 25, ...more
Corvettes pass through the GM Bowling Green Assembly plant in Bowling Green, Ky., in 2009. (David W. Smith/Daily News via Associated Press) LOUISVILLE, Ky. — Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said. ...more
A Rockford, Ill., Phillips 66 fueling station. Phillips 66 has a so-called staggered board in which only some of its directors are up for election each year. (Daniel Acker/Bloomberg News) Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year, the ...more
Signage outside the JBS beef facility in Greeley, Colo. (Michael Ciaglo/Bloomberg News) JBS SA, the world’s largest meatpacker, posted earnings that beat expectations as strong demand for chicken and pork helped offset pressure in its U.S. beef business. The Brazilian company posted earnings before items such as interest and taxes of 10.8 billion reais ($1.9 ...more
Canadian Foreign Minister Melanie Joly said last week that China had executed four dual Canadian-Chinese citizens over drug crimes. (Renaud Philippe/Bloomberg News) China’s ambassador warned the Canadian government against using it as a “bargaining chip” in trade negotiations with the U.S. but said it’s ready to pursue a bilateral free trade agreement if Canada removes ...more
A U.S. Postal Service letter carrier delivers mail Feb. 21 in Overland Park, Kan. (Charlie Riedel/Associated Press, File) The U.S. Postal Service is facing an uncertain future after the resignation this week of Postmaster General Louis DeJoy and the suggestion by President Donald Trump and Elon Musk, who heads the Department of Government Efficiency, that ...more
(Descartes and 3GTMS) Descartes Systems Group bought transportation management solutions specialist 3GTMS for $115 million, the logistics software provider said March 25. The deal is the 32nd acquisition by Waterloo, Ontario-headquartered Descartes since 2016. Shippers, third-party logistics providers and freight brokers can use Columbus, Ohio-based 3GTMS’ products for automating planning, rating, consolidation and routing of ...more
(Brian Powell/Wabash) A St. Louis court has drastically reduced a $462 million jury verdict issued against trailer manufacturer Wabash in connection with a 2019 fatal accident in which a motor vehicle struck the back of a nearly stopped 2004 Wabash trailer. The Circuit Court of St. Louis on March 20 cut to $108 million from ...more
A worker on the assembly line at the Detroit Diesel Corp. plant in Redford, Mich. (Detroit Diesel) A Mexican component supplier must continue to supply Detroit Diesel Corp. with housings for Detroit-branded transmissions installed on the production lines of Freightliner and Western Star trucks, a Michigan court ruled March 21. DDC, a unit of Daimler ...more
Shoppers make their ways down an aisle lined with clothing and shoes in a Costco warehouse in Sheridan, Colo. (David Zalubowski/AP/File) WASHINGTON — U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported ...more
