Reuters US Business

By Chibuike Oguh NEW YORK (Reuters) – U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve. Data on Tuesday showed that U.S. job openings fell to their lowest level in more than three years in April, signaling an easing …

Wall Street stocks end slightly higher as weak jobs data supports rate cut Read More »

By Luc Cohen NEW YORK (Reuters) -Netflix settled a defamation lawsuit brought by best-selling author and former Manhattan sex crimes prosecutor Linda Fairstein over her portrayal in a 2019 crime series about the Central Park Five case.  Tuesday’s settlement averts a trial over Fairstein’s portrayal in the series “When They See Us,” which had been …

Netflix, Central Park Five prosecutor settle defamation lawsuit Read More »

DUBAI (Reuters) -Australian airline Qantas on Tuesday backed Boeing to bounce back from an unprecedented crisis that has led to an overhaul of the American planemaker’s management and drawn scrutiny and criticism from some of its biggest customers. Boeing is searching for a new chief executive after announcing that Dave Calhoun would step down by …

Australia’s Qantas back Boeing to bounce back from crisis Read More »

(Corrects to show Bitpanda is a broker (not an exchange), in paragraphs 1 and 12) By Elizabeth Howcroft AMSTERDAM (Reuters) – Deutsche Bank will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters. The crypto industry has previously struggled to find banking partners, particularly after the …

Deutsche Bank ties up with Bitpanda in ‘cautious’ crypto shift Read More »

By Noel Randewich and Arasu Kannagi Basil (Reuters) -A glitch at the New York Stock Exchange (NYSE) triggered massive swings in the shares of Berkshire Hathaway and Barrick Gold, and trading halts in dozens of other companies on Monday, before the problem was fixed. The NYSE, owned by Intercontinental Exchange, by late morning said a …

NYSE glitch sparks volatility in dozens of stocks Read More »

By Mike Scarcella (Reuters) – Venture capital fund Fearless Fund cannot resume making grants to Black women-owned businesses, a divided U.S. appeals court ruled on Monday, siding with an anti-affirmative action group that sued over the program. The Atlanta-based 11th U.S. Circuit Court of Appeals found that the group’s discrimination lawsuit was likely to succeed, …

US appeals court blocks grant program for Black women-owned businesses Read More »

By Chibuike Oguh NEW YORK (Reuters) -S&P 500 and the Nasdaq edged higher in a choppy session on Monday amid soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in dozens of equities. A glitch at the New York Stock Exchange had triggered massive swings in the shares of …

Wall Street ends slightly higher after soft manufacturing data, NYSE glitches Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Monday they have opened an investigation into nearly 75,000 Nissan vehicles – the 2015 model year Rogue Select – over reports of unintended deployments of side airbags in some of them. The National Highway Traffic Safety Administration probe was launched in response to reports …

US investigates Nissan vehicles after air bag deployments Read More »

By Jonathan Stempel (Reuters) – PacifiCorp, a utility owned by billionaire Warren Buffett’s Berkshire Hathaway, said on Monday it agreed to pay $178 million to resolve claims by 403 plaintiffs arising from two Oregon wildfires in 2020. PacifiCorp now settled nearly 1,500 claims arising from the Labor Day weekend fires with individuals and businesses in …

Warren Buffett’s PacifiCorp utility reaches $178 million wildfire settlement Read More »