esg

Lawmakers slam big bank CEOs for failure to increase interest rates on savings

Lawmakers slam big bank CEOs for failure to increase interest rates on savings

Congressional lawmakers slammed US bankers this week for not raising interest rates on savings accounts held by everyday consumers despite a series of major increases in the federal funds rate by the Federal Reserve. Interest rate increases by the Fed make it more expensive for banks and other financial institutions to borrow money from each …

Lawmakers slam big bank CEOs for failure to increase interest rates on savings Read More »

Wall Street hits back at GOP in ESG war

Wall Street giants are defending a widespread initiative to invest in companies with environmentally friendly policies, moving away from investment in the fossil fuel industry following attacks on the practice from GOP Leaders. Asset management giant BlackRock wrote a letter to GOP states that are trying to curtail a social movement in the financial sector …

Wall Street hits back at GOP in ESG war Read More »

Bayer to pay $40 million to resolve US whistleblower claims over three drugs

Bayer to pay $40 million to resolve US whistleblower claims over three drugs The logo of Bayer AG is pictured on the facade of the historical headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, April 27, 2020. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com register Sept 2 (Reuters) – …

Bayer to pay $40 million to resolve US whistleblower claims over three drugs Read More »

Exxon, Shell sell California oil assets for $4 billion to IKAV

Exxon, Shell sell California oil assets for $4 billion to IKAV Signage is seen at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register HOUSTON, Sept 1 (Reuters) – Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday …

Exxon, Shell sell California oil assets for $4 billion to IKAV Read More »

Starbucks executives, directors are sued over diversity policies

Starbucks executives, directors are sued over diversity policies FILE PHOTO:A Starbucks coffee shop is seen in downtown Los Angeles, California, US, June 29, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com register Aug 31 (Reuters) – Starbucks Corp (SBUX.O) executives and directors have been sued by a conservative think tank that believes …

Starbucks executives, directors are sued over diversity policies Read More »

Tesla hit with proposed class action over phantom braking issue

A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, US, March 16, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com register WILMINGTON, Del./SAN FRANCISCO, Aug 29 (Reuters) – A California owner of a Tesla Model 3 sued the electric vehicle maker in a proposed class action …

Tesla hit with proposed class action over phantom braking issue Read More »

Hino’s widening engine scandal becomes nagging headache for Toyota

Hino Motors’ logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register TOKYO, Aug 23 (Reuters) – A widening scandal at Japan’s Hino Motors (7205.T) over falsification of engine data has become a headache that will not go away …

Hino’s widening engine scandal becomes nagging headache for Toyota Read More »

Tesla loses challenge to California agency suing for race bias

An employee of a Tesla Inc’s US vehicle factory is seen at a security gate in Fremont, California, US, March 18, 2020. REUTERS/Stephen Nellis/File Photo Register now for FREE unlimited access to Reuters.com register Aug 22 (Reuters) – A California administrative agency has declined to review Tesla Inc’s (TSLA.O) claim that the state’s civil rights …

Tesla loses challenge to California agency suing for race bias Read More »