ahrinfo

Stuff that matters

U.S. economy gaining steam as manufacturing forges ahead; shortages still a constraint

U.S. manufacturing activity picked up in November amid strong demand for goods, keeping inflation high as factories continued to struggle with pandemic-related shortages of raw materials. “Manufacturing should continue to

Read More

GM boosts profit outlook as supply chain troubles ease

General Motors Co (GM.N) expects full year adjusted pre-tax profits will reach about $14 billion, higher than the previous forecast, the automaker’s Chief Financial Officer Paul Jacobson said during a

Read More

As Freeport converts mining trucks to green power, costs unclear

Copper mining giant Freeport-McMoRan Inc (FCX.N) is converting its fleet of diesel trucks and other machinery to electric or hydrogen power, a transition required to fight climate change even though

Read More

ViacomCBS’s Shari Redstone says media company will focus on organic growth

ViacomCBS Inc (VIAC.O) Chair Shari Redstone, who in the past has hinted at more deals to bulk up the media empire, said on Wednesday the company will focus on organic

Read More

Australia’s Macquarie names former RBA governor Glenn Stevens as group chairman

Australian asset manager Macquarie Group (MQG.AX) on Thursday named former Reserve Bank of Australia governor Glenn Stevens as chairman of the group and that of its unit, Macquarie Bank (MBL.UL).

Read More

Pratt to announce update of A320neo engine with more thrust

Engine maker Pratt & Whitney is set to announce an improved version of its geared turbofan engine used by Airbus’ (AIR.PA) strong-selling A320neo jet family, sources familiar with the matter

Read More

San Francisco agency opposes Cruise robotaxi application, citing safety

San Francisco’s public transit operator has challenged an application by Cruise to charge for robotaxi rides, saying on Wednesday promotional videos from the General Motors Co (GM.N) unit show Cruise

Read More