(Reuters) - Around 40% of U.S. companies that defaulted on their debt obligations in 2023 had previously done so, according to a new report from credit ratings agency Moody's. These and other companies with a high level of debt struggled through an elevated interest rate and inflationary environment, said the report, which was released on Tuesday. Companies acquired by private...

02:33 PM EDT, 04/16/2024 (MT Newswires) -- United States Steel ( X ) takeover by Nippon Steel will be raised during President Joe Biden's meeting with United Steelworkers on Wednesday, Union President David McCall told Bloomberg. McCall said he plans to raise the Nippon deal and other union matters with Biden, who will address the union at its Pittsburgh headquarters...

SANTIAGO, April 16 (Reuters) - Chile's state-run miner Codelco has made progress in negotiating with local communities over lithium mining and will keep working to win their support, Chief Executive Ruben Alvarado said on Tuesday, a day after several groups in the Atacama salt flat broke off talks. The world's top copper producer has been in dialogue with indigenous groups...

NEW YORK, April 16 - Natural gas will still be needed for electricity generation in California's clean energy transition, Edison International ( EIX ) chief Pedro Pizarro said on Tuesday at an industry conference. Natural gas is the cheapest and most reliable power generating source in the most populous U.S. state, said Pizarro. Edison International ( EIX ) is the...