WASHINGTON, June 7 (Reuters) - President Joe Biden's administration on Friday finalized tighter fuel economy rules for trucks and sport utility vehicles through 2031 that are not as stringent as it first proposed, a federal agency said. The National Highway Traffic Safety Administration (NHTSA) said the proposed new rules will result in much lower compliance penalties than originally proposed, a...

NEW YORK, June 7 (Reuters) - A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, admitted to two counts of investment adviser fraud at a hearing before Chief Judge Laura Taylor...

02:01 PM EDT, 06/07/2024 (MT Newswires) -- Lyft's ( LYFT ) long-term financial targets didn't reflect overwhelming beats relative to market expectations, though there is potential for upside ahead, BofA Securities said Friday. The ride-hailing company said at its investor day held Thursday that it expected 2027 gross bookings of about $25 billion, adjusted earnings before interest, taxes, depreciation, and...

01:45 PM EDT, 06/07/2024 (MT Newswires) -- The Teamsters Canada Rail Conference (TCRC) said Friday Canadian National Railway (CNR.TO) and Canadian Pacific Kansas City ( CP ) dismissed a proposal to stagger talks with the companies by two weeks. The move would have helped avoid simultaneous work stoppages at the railways, the TCRC argued. Staggering the negotiations is a sensible...