Category: Reuters
-
Johnson & Johnson adds $1.1 billion to proposed talc settlement By Reuters
•
By Mike Spector and Dietrich Knuth (Reuters) – Johnson & Johnson plans to pay an additional $1.1 billion to settle tens of thousands of lawsuits alleging that the company’s baby powder and other talc products cause cancer, two people familiar with the matter said. Johnson & Johnson said Wednesday it…
-
Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
•
Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
-
Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
•
Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
-
Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
•
By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
-
Reports of dollar’s demise are greatly exaggerated, JPMorgan says By Reuters
•
By Mark Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are off the mark, despite some dramatic signs of change in commodity markets and some trading blocs, JPMorgan said on Wednesday. JPMorgan said the rise of China and the use of economic…
-
Nvidia sell-off, growth concerns hit markets By Reuters
•
By Tom Wilson LONDON (Reuters) – Stocks fell globally on Wednesday, dragged down by a record sell-off in U.S. chipmaker Nvidia Corp (NASDAQ:NVIDIA) and as expectations of fading global growth hit riskier assets, sending oil prices to multi-month lows and supporting bonds. European stocks fell 1%, with major markets in…
-
Nvidia sell-off, growth concerns hit markets By Reuters
•
By Tom Wilson LONDON (Reuters) – Stocks fell globally on Wednesday, dragged down by a record sell-off in U.S. chipmaker Nvidia Corp (NASDAQ:NVIDIA) and as expectations of fading global growth hit riskier assets, sending oil prices to multi-month lows and supporting bonds. European stocks fell 1%, with major markets in…
-
US is building allies network to counter China’s threat, top diplomat to Taiwan says By Reuters
•
Written by Yimou Li and Fabian Hamacher TAIPEI (Reuters) – The United States is building a network of alliances in the Indo-Pacific region to counter China’s threats there, the top U.S. diplomat in Taiwan said on Wednesday, adding that the island was not Beijing’s only target in its bid to…
-
Safe-haven yen gains, Aussie wobbles as edgy markets face US jobs test By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The safe-haven Japanese yen rose on Wednesday while riskier currencies such as the Australian dollar and the British pound fell as traders rushed to take on risk after the worst sell-off in nearly a month on Wall Street and heavy losses in Asian shares.…
-
Nvidia suffers record $279 billion loss in market value as Wall St drops By Reuters
•
By Noel Randwick and Susan McGee (Reuters) – Shares of artificial intelligence giant Nvidia Corp (NASDAQ:NVD) plunged 9.5 percent on Tuesday, the deepest one-day drop ever in the market value of a U.S. company, as investors tempered their optimism about artificial intelligence in a broad market sell-off following tepid economic…
-
Russia launches air attacks on Kyiv, western city of Lviv, Ukraine says By Reuters
•
Written by Gleb Garanich and Andrey Peron KYIV/LVIV (Reuters) – Russia fired missiles and drones at Kyiv and the western Ukrainian city of Lviv, not far from the border with NATO member Poland, the Ukrainian military said on Wednesday. This comes just one day after Russia struck a military institute…
-
US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy By Reuters
•
(Reuters) – U.S. drugstore chain Rite Aid said on Tuesday it will operate as a private company after successfully completing its financial restructuring and emerging from Chapter 11 bankruptcy. The pharmacy used its bankruptcy to close hundreds of stores, sell its Elixir pharmaceutical benefits business, and negotiate settlements with its…
-
U.S. stocks tumble as September starts, investors cool on chips By Reuters
•
(Reuters) – Wall Street’s main indexes fell on Tuesday, with the S&P 500 falling more than 2% and the Dow Jones Industrial Average falling more than 3%, as investors’ optimism about artificial intelligence faded in a broad market selloff that accelerated after tepid economic data. The Nasdaq and Dow posted…
-
Communications Workers of America withdraws from mediation with AT&T By Reuters
•
(Reuters) – The Communications Workers of America (CWA) union said in a statement on Monday it has informed AT&T Inc (NYSE:ATN) and the Federal Mediation and Conciliation Service that it will no longer be part of the mediation. “The company was using the mediation process as another stalling tactic,” said…
-
White House asks agencies to step up internet routing security efforts By Reuters
•
By David Shepardson WASHINGTON (Reuters) – The White House said on Tuesday it wants federal agencies to strengthen the security of internet routing on networks in the face of concerns raised by U.S. officials about China’s ability to divert internet traffic. In a report issued by the White House Office…
-
Brazil’s HBR Realty files eviction action against WeWork By Reuters
•
SAO PAULO (Reuters) – Brazilian real estate firm HBR Realty said on Tuesday it had filed an eviction lawsuit against WeWork for non-payment, although the flexible workspace provider denied knowledge of such a notice. The eviction follows a “breach of the lease agreement” signed between WeWork and SPE HBR1, a…
-
Illumina wins Grail battle in blow to EU merger power By Reuters
•
BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
-
Illumina wins Grail battle in blow to EU merger power By Reuters
•
BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
-
Dollar near two-week highs ahead of labour data deluge By Reuters
•
Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up and held near a two-week high on Tuesday as investors braced for a slew of economic data, including U.S. jobs data on Friday, that could influence the size of an expected interest rate cut by the Federal Reserve. The…
-
Dollar near two-week highs ahead of labour data deluge By Reuters
•
Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up and held near a two-week high on Tuesday as investors braced for a slew of economic data, including U.S. jobs data on Friday, that could influence the size of an expected interest rate cut by the Federal Reserve. The…