By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – U.S. lawmakers on both sides of the aisle hailed a ruling by the Supreme Court on Friday that upheld a law that gives popular Chinese-owned social media app TikTok until Sunday to be bought by an American company or be banned. The justices unanimously ruled the …
US lawmakers cheer Supreme Court for upholding TikTok ban law Read More »
By Joey Roulette WASHINGTON (Reuters) – A SpaceX Starship rocket broke up in space minutes after launching from Texas on Thursday, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris and setting back Elon Musk’s flagship rocket program. SpaceX mission control lost contact with the newly upgraded Starship, carrying …
SpaceX’s Starship explodes in flight test, forcing airlines to divert Read More »
By Shariq Khan NEW YORK (Reuters) -Colonial Pipeline restarted its main gasoline artery, which delivers fuel from the U.S. Gulf Coast to East Coast markets, on Friday after it was shut earlier this week due to a leak in Paulding County, Georgia. “Colonial Pipeline safely completed repairs Friday morning on our gasoline pipeline, Line 1, …
Colonial Pipeline restarts main gasoline artery after fixing leak in Georgia Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding increased to a 10-month high in December, indicating some improvement in housing activity at the end of the year, though rising mortgage rates and an oversupply of new properties on the market could constrain recovery. The report from the Commerce Department on Friday also showed permits …
US single-family housing starts, permits hit 10-month high in December Read More »
By Arathy Somasekhar and Seher Dareen (Reuters) – Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit beat expectations, while also warning of flat 2025 revenue due to an oil oversupply. The world’s largest oilfield services company increased its quarterly dividend by 3.6%, and said it would …
SLB boosts dividend and buybacks, but warns of oil oversupply Read More »
By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, the regulator said on Friday. According to the SEC, Wells Fargo and Merrill Lynch firms failed to adopt and implement policies …
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges Read More »
(Reuters) – Walmart’s Executive Vice President of Supply Chain Dave Guggina will become the retailer’s U.S. chief e-commerce officer, replacing Tom Ward, according to a company memo seen by Reuters on Friday. Ward will take on the role of chief operating officer of Sam’s Club, Walmart’s warehouse chain. In his prior role with the company, …
Walmart names supply chain executive Dave Guggina as US e-commerce chief Read More »
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued PepsiCo on Friday for offering preferential pricing to a large retailer, whom a source familiar with the matter confirmed was Walmart. The practices fed high consumer prices by placing at a disadvantage other retailers, from large grocery chains to independent convenience stores, the FTC said. …
US sues Pepsi over exclusive discounts to Walmart Read More »
By Jonathan Stempel (Reuters) – A new lawsuit accuses Procter & Gamble of deceiving Charmin purchasers with misleading environmental claims, known as greenwashing, about how it sources its toilet paper. In a proposed class action on Thursday, eight consumers said Procter & Gamble obtains most wood pulp for Charmin from the Canadian boreal forest, one …
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says Read More »
(Reuters) -Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity push in his first full year in office. The nation’s budget surplus came in at 1.76 trillion pesos, or 0.3% of gross domestic …
Milei’s Argentina seals budget surplus for first time in 14 years Read More »
