New York Times business news - Aug 22
Aug 22 (Reuters) -The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Rail freight traffic in Canada came to a standstill early Thursday as the country’s two main rail companies, Canadian National CNR.TO and Canadian Pacific Kansas City CP.TO, locked out about 10,000 employees due to a labor dispute, a move that could cause supply chain disruptions in the United States and serious economic consequences within Canada.
- Ford Motor F.N said on Wednesday that it is again slowing the pace of its investments on new battery-powered models and delay the introduction of a new large electric pickup truck by about 18 months to 2027.
- Paramount Global PARA.O on Wednesday decided to extend its deadline to early September to evaluate a takeover bid from the media executive Edgar Bronfman Jr.
- Google GOOGL.O, the California News Publishers Association, and key California lawmakers announced a first-in-the-nation agreement on Wednesday, that would provide the newsrooms with as much as $250 million and let Google avert a proposed state bill that could force tech companies to pay news organizations when advertising appeared alongside articles on the tech company’s platform.
- Walmart WMT.N said it unloaded its entire stake in JD.com 9618.HK , one of China’s biggest e-commerce companies, unwinding one of the largest investments in a Chinese retailer by a foreign rival.
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
