State Ohio Financial News

PARIS (Reuters) — Louis Dreyfus Company will build a soybean-processing plant in Ohio, the global crop merchant said on Friday, adding to a booming expansion of oilseed crushing in North America encouraged by biofuel use.

Foxconn has spoken about the «beginning of the Bharat era.» Foxconn's India representative V Lee posted on LinkedIn photos of the recently concluded Hon Hai Technology Day 2023 that took place on October 18 and captioned it, «Great event with so much India ambitions, beginning of the Bharat era, devoting to EVs and semiconductors.»

₹2,773 crore net profit for the September quarter as against a net loss in the same quarter last fiscal. The Mumbai-based steel manufacturer reported a 6.71% YoY increase in its consolidated revenue from operations to ₹44,584 crore, it said in an exchange filing. Consolidated earnings before interest, tax, depreciation, and amortization (Ebitda) for the company stood at ₹ 7,886 crore during the quarter, with an Ebitda margin of 17.7%.

Rite Aid plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process

Thomas Brenner, a former broker, has been sentenced to more than 10 years in prison by a federal judge in Ohio after pleading guilty to securities fraud that enabled him to acquire funds to pay for a race car and finance back taxes.

By Moira Warburton

Click here! A study by the National Institutes of Health involving 33,500 women in the US, suggested that women who use straightening products often face more than twice the risk of developing uterine cancer than those who do not, and they also have a harder time conceiving a baby. The study also noted that roughly 60% of the participants who reported using straighteners in the previous year were self-identified Black women.

North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in the third most powerful role in government after one of his Republican colleagues failed to secure enough votes.

By David Morgan, Makini Brice and Moira Warburton

By David Shepardson and Ben Klayman

WASHINGTON (Reuters) -White House national security adviser Jake Sullivan said on Sunday that the Biden administration hopes to push a new weapons package for Israel and Ukraine through Congress that will be significantly higher than $2 billion.

By David Shepardson

By Moira Warburton

Passenger railroads nationwide will now be required to install video recorders inside their locomotives

Detroit’s three automakers have laid off roughly 4,800 workers at factories that are not among the plants that have been hit by the United Auto Workers strikes, which have lasted for nearly four weeks

Kansas became the 10th state in the nation Wednesday to require two-person railroad crews over the objections of the freight railroads, but the industry may challenge the rule in court as it has in other states like Ohio

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher.

By Mrinalika Roy

Comodo Motors General Manager Jordan Baker joins «The Big Money Show» to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

Wall Street's major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and the Palestinian Islamist group Hamas. The Israeli military said it called up reservists and was imposing a total blockade of the Gaza Strip in signs it could be planning a ground assault there to defeat Hamas which launched a deadly attack over the weekend. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. U.S. President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. News of the conflict sparked an oil rally due to supply concerns.

(Reuters) — General Motors (NYSE:GM) on Monday said it was laying off nearly 200 additional workers due to the United Auto Workers strike, adding a sixth impacted plant.