Today: September 19, 2024
Today: September 19, 2024

Ship owner cut corners on repairs before deadly Baltimore bridge collapse, US says in $100M lawsuit

Baltimore-Bridge-Rebuild
September 18, 2024

BALTIMORE (AP) — The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse recklessly cut corners and ignored known electrical problems on the vessel, the Justice Department alleged Wednesday in a lawsuit seeking to recover more than $100 million that the government spent to clear the underwater debris and reopen the city’s port.

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Bank of Canada: consensus decisions don't mean all members agree on path for rates

Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy

Bank of Canada: consensus decisions don't mean all members agree on path for rates
Business|Finance|Health

U.S. FDA declines to approve Vanda's stomach paralysis drug

The U.S. Food and Drug Administration has declined to approve Vanda Pharmaceuticals' drug to treat stomach paralysis symptoms, the company said on Thursday.

U.S. FDA declines to approve Vanda's stomach paralysis drug
Business|Finance|Technology

Intel says it has no plans to divest majority stake in Mobileye

Intel said on Thursday it had no plans to sell its majority stake in Mobileye Global, sending shares of the self-driving tech firm up more than 8% in premarket trading.

Intel says it has no plans to divest majority stake in Mobileye
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Bank of England hold rates, extends bond reduction plan

The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds

Bank of England hold rates, extends bond reduction plan
Business|Environment|Science|Technology

Upstream electrification can cut oil and gas production emissions by more than 80%, report says

Oil and gas production facilities could reduce associated emissions by more than 80% by switching to electricity generated from renewables or natural gas designated for burning, a report

Upstream electrification can cut oil and gas production emissions by more than 80%, report says
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Weekly applications for US jobless benefits fall to the lowest level in 4 months

Weekly applications for US jobless benefits fall to the lowest level in 4 months
Business|Economy|Europe

Shell faces delay in German refinery stake sale, sources say

Shell faces delay in German refinery stake sale, sources say
Americas|Business|Economy|World

Argentina grains ships load less cargo as river levels hit near-record lows

Argentina grains ships load less cargo as river levels hit near-record lows
Business|Economy|Finance|Stock Markets|Technology

US-listed crypto stocks jump after bumper rate cut from Fed

US-listed crypto stocks jump after bumper rate cut from Fed