XPO, Inc. ( XPO ) shares are trading lower premarket today. On Wednesday, the company stated that August 2024 LTL tonnage per day fell by 4.6% compared to August 2023. The company says this was due to a 4.5% decline in daily shipments and a 0.1% drop in weight per shipment. Mario Harik, chief executive officer of XPO, stated, “In...

Sept 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** TPG Telecom ( TPGTF ) has received a green light from Australia's competition watchdog for a A$1.59 billion ($1.07 billion) infrastructure and network sharing deal with Optus as TPG seeks to expand its reach. ** Blackstone will buy Australian data centre...

(Reuters) - Several airlines are carrying out precautionary inspections on their Airbus A350 fleets after Hong Kong's Cathay Pacific found 15 planes that needed fuel line repairs following the in-flight failure of an engine part on Monday. The issue occurred on a five-year-old Airbus A350-1000, which uses Rolls-Royce's Trent XWB-97 engines, but carriers are also inspecting the more popular A350-900...

(Corrects to add Timeline tag in headline, change dateline to Sept 5 from May 30) (Reuters) -The White House is set to announce that President Joe Biden will block Nippon Steel's ( NISTF ) $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters. Nippon Steel ( NISTF ) agreed to...