Business News
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Wall Street rebounds after two-day decline; Netflix slides
NEW YORK/BANGALORE (Reuters) -Wall Street rallied on Wednesday, rebounding from a two-day decline, as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's sell-off after its disappointing results.
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Biden offers tax credits for COVID-19 vaccination paid time off
WASHINGTON (Reuters) -President Joe Biden on Wednesday announced tax credits for certain businesses that pay employees who take time off to get COVID-19 shots, a new effort to involve corporate America in his vaccination campaign.
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Wall St. fears Netflix fatigue as subscriber growth slumps
(Corrects headline to say subscriber growth slumps, not losses mount)
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Top antitrust U.S. senator to examine Apple's AirTag announcement
WASHINGTON (Reuters) - U.S. Senator Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple's announcement that it would introduce the AirTag tracker device was "timely" as it was the kind of conduct that her panel planned to discuss at a hearing on Wednesday.
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Analysis: U.S. banks' bond bonanza driven by extraordinary market conditions, regulatory decisions
WASHINGTON (Reuters) - Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandemic relief efforts, said analysts.
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U.S. Treasury's Yellen says corporate climate commitments help manage financial risks
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Wednesday that companies setting ambitious carbon reduction targets are already helping financial institutions manage climate-related risks and helping support a transition to a low-carbon economy.
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Airbus shakes up aero parts manufacturing
PARIS (Reuters) -Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large-parts activities reorganized in France and Germany and some small-parts production hived off ahead of a possible future sale.
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EU defends its push for rules on company 'green' reporting
LONDON (Reuters) - The European Union on Wednesday deflected concerns over its drive to formulate rules requiring companies to show investors how climate change will affect their activities, saying that waiting for a global approach could take years.
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CN Rail kicks off regulatory approval process for $30 billion Kansas bid
(Reuters) -Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.
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Peeling paint, unsanitary practices among issues at U.S. plant making J&J COVID-19 vaccine -FDA
(Reuters) -A U.S. plant that was making Johnson & Johnson's COVID-19 vaccine must fix a long list of problems including peeling paint and unsanitary conditions and practices to resume operation, according to a highly critical report by the Food and Drug Administration.
