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US Steel Investor Pentwater Opposes Ancora’s Proxy Proposal

Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.

January 28, 2025
BusinessTechnologyEquipment

Continental Sees Tough Climate in Auto Unit’s Spinoff Year

Continental AG said its automotive unit will struggle to increase sales this year as the German supplier pushes ahead with plans to spin off the ailing division despite the car industry downturn.

January 28, 2025
GovernmentBusinessTechnologyEquipmentSafetyLogistics

Senate Confirms Sean Duffy for DOT Secretary

WASHINGTON — Former congressman Sean Duffy was confirmed by a vote of 77-22.

January 28, 2025
BusinessTechnologyEquipmentLogisticsAutonomous

Atlas Energy Begins Driverless Truck Deliveries to Wells

Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.

January 28, 2025
GovernmentLogistics

House, Senate Unveil Bill to Streamline CDL Process

The legislation would allow state driver’s licensing agencies to use certain third-party testers to administer commercial driver license knowledge tests. 

January 28, 2025
Government

Pete Buttigieg Weighs US Senate Run

Pete Buttigieg and Michigan State Sen. Mallory McMorrow are weighing whether to mount a campaign for Michigan’s Senate seat after Sen. Gary Peters announced he wouldn’t seek another term.

January 28, 2025
GovernmentBusinessTechnologyFuel

Chevron Plans to Build Gas Plants to Power AI Data Centers

Chevron is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for AI.

January 28, 2025
GovernmentBusinessTechnologyFuelTCA

Port Houston Awarded $25M for Hydrogen Refilling Station

A $25 million grant given to the Port of Houston Authority will go toward the development of a hydrogen refilling station in Bayport.

January 28, 2025
BusinessPrivateTop 100

Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid

Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.

January 28, 2025
GovernmentBusinessLogisticsGlobal Freight

US, UK Ships Return to Red Sea on Houthis’ Vow to Hold Fire

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations.

January 28, 2025

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