(Reuters) -Elon Musk said on Tuesday he is moving the headquarters of two more of his companies – social media platform X and rocket company SpaceX – to Texas from California, citing a new gender-identity law there as the “last straw.” With these steps, the billionaire, who last week endorsed Republican Donald Trump for U.S. …
WASHINGTON (Reuters) – The U.S. House of Representatives oversight panel said on Tuesday it will hold a hearing with executives from U.S. pharmacy benefit managers on the role of the firms in rising healthcare costs. The hearing will include Adam Kautzner, president of Evernorth Care Management and Express Scripts; David Joyner, executive vice president of …
US House panel to hold hearing with pharmacy benefit managers on healthcare costs Read More »
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators on Tuesday asked AT&T to answer questions about a massive hacking incident in April that resulted in the illegal downloading of about 109 million customer accounts at the U.S. wireless company. Senator Richard Blumenthal, a Democrat who chairs a subcommittee on investigations and Republican Josh Hawley, sought …
Senators seek answers from AT&T in massive hacking of US customer call data Read More »
(Reuters) -Spirit Airlines on Tuesday cut its revenue outlook for the second quarter, citing lower-than-expected non-ticket revenue, sending its shares down more than 6% in extended trading. The company now projects quarterly revenue to be $1.28 billion, compared with its earlier estimate of between $1.32 billion and $1.34 billion, the ultra-low-cost carrier said in a …
Spirit Airlines lowers second-quarter outlook on weak non-ticket revenue Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks rose and the Dow Jones Industrial Average hit an all-time closing high on Tuesday after U.S. retail sales data supported the view that the Federal Reserve is approaching its easing cycle, reining in inflation while avoiding a recession. All three major U.S. stock indexes advanced on …
Dow notches record closing high, small caps surge on rate cut bets Read More »
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that its Skoosherz plush toys were unauthorized knockoffs of Squishmallows, the popular plush toys made by a unit of Warren Buffett’s Berkshire Hathaway. In a decision on Monday, U.S. District Judge Josephine Staton in Los Angeles said …
Squishmallows maker can sue Build-A-Bear over alleged plush toy knockoffs Read More »
(Reuters) – Canada’s TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 billion from the U.S. government for the cancellation of its Keystone XL project. The pipeline operator had submitted a formal request for arbitration under the North American Free Trade Agreement (NAFTA) in …
TC Energy says its $15 billion claim for Keystone XL project thrown out by US tribunal Read More »
(Reuters) – Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored strategic options, including a potential sale. The loss-making media conglomerate has been reeling from the effects of subdued advertising in the U.S. …
Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial Read More »
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank’s 2% target, with goods, services and now housing contributing to easing price pressures. “We’re seeing more progress on all three categories now,” Kugler said in comments pointing to increased confidence at …
Fed’s Kugler cautiously optimistic inflation headed to 2% target Read More »
MADRID (Reuters) – Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares. Skoda, which is unrelated to the car maker owned by Germany’s Volkswagen, made an offer of “business combination and industrial merger” …
Spanish train maker Talgo receives merger offer from Czech rival Skoda Read More »
