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US probes near miss between Southwest Airlines jet and helicopter
Reuters· 2025-11-02 18:02
Core Points - The U.S. National Transportation Safety Board (NTSB) is investigating a close call incident involving a Southwest Airlines jet and a medical helicopter that occurred on October 29 near Cleveland [1] Group 1 - The NTSB has dispatched a team to conduct an investigation into the incident [1]
OPEC+ agrees to small December oil output hike, and Q1 pause
Reuters· 2025-11-02 16:28
Core Viewpoint - Eight OPEC+ countries have agreed to increase oil output by 137,000 barrels per day in December and will pause output hikes for the first quarter of 2026 [1] Group 1 - The decision to raise oil output is a strategic move by OPEC+ to adjust supply levels in response to market conditions [1] - The pause in output hikes for the first quarter of 2026 indicates a cautious approach towards future market stability [1]
OPEC+ set to agree another modest oil output increase, sources say
Reuters· 2025-11-02 09:26
Core Viewpoint - OPEC+ is expected to agree on a modest increase in oil output targets, reflecting a cautious approach to regaining market share amid rising global oil prices [1] Group 1: OPEC+ Decisions - The producers' group is moderating its plans to increase oil output, indicating a strategic response to current market conditions [1] - The anticipated increase in output targets is described as modest, suggesting a careful balancing act between supply and demand [1] Group 2: Market Context - Rising global oil prices are influencing OPEC+'s decision-making process, highlighting the interconnectedness of production levels and market dynamics [1] - The group's approach signals an awareness of potential market volatility and the need to maintain stability in oil prices [1]
Pilots union gives Lufthansa time to resolve pensions dispute, averting possible strike
Reuters· 2025-11-01 22:35
Core Points - Germany's pilots union VC has decided to give Lufthansa additional time to address a pensions dispute, which has temporarily averted a potential strike at the airline [1] Group 1 - The decision by the pilots union VC indicates a willingness to negotiate and find a resolution regarding the pensions issue [1] - The union's letter to its members highlights the current status of discussions between the union and Lufthansa [1] - This development reflects ongoing tensions in the airline industry related to labor relations and employee benefits [1]
Berkshire profit rises, cash soars to record
Reuters· 2025-11-01 12:25
Core Insights - Berkshire Hathaway reported a 34% increase in quarterly operating profit, driven by improved underwriting in its insurance operations [1] Financial Performance - The increase in operating profit is significant, indicating strong performance in the insurance sector [1] - This report marks the last financial update before Warren Buffett steps down as chief executive [1]
BYD's October vehicle sales down 12% from year earlier
Reuters· 2025-11-01 10:42
Core Insights - Chinese automaker BYD reported a 12% decline in October sales compared to the same month last year, totaling 441,706 vehicles [1] Company Summary - BYD's October sales figures indicate a significant drop, reflecting challenges in the automotive market [1]
A toy maker takes his case against Trump's tariffs to the Supreme Court
Reuters· 2025-11-01 10:07
Within days of Donald Trump announcing his sweeping "Liberation Day" tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the U.S. president. ...
Drugmakers must face skincare drug price-fixing lawsuit, US judge rules
Reuters· 2025-10-31 23:23
A federal judge on Friday said 36 drugmakers and executives must face nearly all claims in an antitrust lawsuit brought by most U.S. states, accusing them of conspiring to fix prices of 80 generic drugs. ...
Tegna gets US Justice Department request for more information on Nexstar deal
Reuters· 2025-10-31 22:01
The U.S. Department of Justice has sought additional information and documents as it reviews broadcaster Nexstar Media's $3.54 billion bid to buy smaller rival Tegna , a deal that would create a local-TV powerhouse. ...
Spirit AeroSystems posts wider quarterly loss on rising costs
Reuters· 2025-10-31 21:37
Spirit AeroSystems posted a bigger third-quarter loss on Friday, as the aerospace supplier continues to burn through cash, weighed down by higher costs in its supply chain. ...