Latest News Updates From Bloomberg News

Business

UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members

The United Auto Workers union wants to emerge from its strike against Detroit鈥檚 three major automakers with at least a 30% pay raise, according to people familiar with the matter.

September 28, 2023
Government

Shutdown鈥檚 Economic Risks Grow the Longer It Lasts

A government shutdown would have a cascading economic effect, beginning mildly and deepening over time as many go without pay and consumer uncertainty grows over Washington鈥檚 dysfunction.

September 27, 2023
Government, Business, Private

Kroger, Albertsons In Talks to Sell Stores to C&S, SoftBank

Kroger Co. and Albertsons Cos. are selling some of their stores in an effort to win regulatory approval for their $25 billion merger, according to people familiar with the matter.

September 7, 2023
Business, Logistics, Private

Instacart Files for IPO Revealing Profit, PepsiCo Investment

Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings.

August 25, 2023
Government, Business, For-Hire

Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts

Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company鈥檚 liquidation.

August 9, 2023
Business, For-Hire

Yellow Reportedly Working on Loan From Apollo

Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter.

August 1, 2023
Business, Technology, Fuel

Ford Strikes Lithium Deals to Support EV Output

Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.

May 22, 2023
Government, Fuel

Fuelmakers Hoping for Higher-Than-Expected Demand in Summer

Although U.S. gasoline usage appears to be exceeding year-ago levels as cheaper prices at the pump encourage households to hit the road, cracks have started to emerge in the world鈥檚 biggest economy.

May 8, 2023
Business, Logistics, Global Freight

Nippon Express in Talks to Buy Logistics Firm Cargo-Partner

Nippon Express Holdings Inc. is in talks to buy Austrian logistics provider Cargo-Partner GmbH, people with knowledge of the matter said.

April 18, 2023
Government, Business, Equipment, Fuel

Drop in Diesel Demand Heightens Recession Concerns

鈥淒iesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,鈥 said one expert.

April 17, 2023