Reuters US Business

By Chibuike Oguh NEW YORK (Reuters) -The benchmark S&P 500 index and the Dow ended lower in choppy trading on Thursday after a short-lived boost from a string of economic reports faded and investors eyed key jobs data due on Friday. The Nasdaq finished slightly higher. Markets were edgy ahead of the release of the …

S&P 500, Dow end lower ahead of key jobs data, Nasdaq up Read More »

By Sheila Dang (Reuters) -New Mexico said on Thursday it filed a lawsuit against Snapchat owner Snap Inc alleging that the messaging app’s policies and design features facilitate the sharing of child sexual exploitation material. The lawsuit brought by New Mexico Attorney General Raul Torrez said a months-long investigation found that Snapchat was a primary …

Snap sued by New Mexico over failure to protect children from sexual exploitation Read More »

By Deborah Bloom and Jody Godoy PORTLAND, Oregon (Reuters) – Kroger CEO Rodney McMullen attributed rising grocery prices to increasing costs for retailers as he defended the grocery chain’s proposed $25 billion merger with rival Albertsons at a trial on Wednesday. In testimony a trial in Portland, Oregon, McMullen cited rising supplier costs, fuel prices …

Kroger CEO pins price increases on rising costs at trial Read More »

(Reuters) -Johnson & Johnson plans to pay an additional $1.1 billion to resolve thousands of legal actions alleging its baby powder and other talc products caused cancer, according to two people familiar with the matter. J&J said on Wednesday that it has secured 12,000 more votes in favor of its talc settlement plan after winning …

Johnson & Johnson adds $1.1 billion to proposed talc settlement Read More »

By Tom Hals WILMINGTON, Delaware (Reuters) -Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday. Vice Chancellor Lori Will of the Court of Chancery found after a two-week trial that J&J had breached a …

Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal Read More »

By Dietrich Knauth NEW YORK (Reuters) – Steward Health Care, the largest private hospital operator in the U.S., received a bankruptcy judge’s approval on Wednesday to sell six Massachusetts hospitals, despite taking no profit from the $343 million sale. U.S. Bankruptcy Judge Christopher Lopez approved the sales as “the best deal that’s on the table,” …

Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss Read More »

By Max A. Cherney (Reuters) -Nvidia did not receive a U.S. Justice Department subpoena, a spokesperson said in a statement on Wednesday. “We have inquired with the U.S. Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business.” Bloomberg News reported on Tuesday …

Nvidia did not receive a US Justice Department subpoena, spokesperson says Read More »

By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case for an interest rate cut. Labor Department data showed that U.S. job openings fell to a 3-1/2-year low in July, indicating continued easing of …

Wall Street ends slightly down after weak labor market data, dovish Fed comments Read More »

By Allison Lampert NEW YORK (Reuters) -Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing and more than 30,000 of the planemaker’s factory workers to bridge a divide in negotiations and reach a fair contract, as a vote on a new deal looms on Sept. 12. Boeing’s Seattle-area workers, who produce the planemaker’s strongest-selling …

Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ Read More »