Reuters US Business

By Mike Scarcella WASHINGTON (Reuters) -Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet.” U.S. District Judge Amit Mehta in Washington for hours grilled both …

Google trial wraps up as judge weighs landmark US antitrust claims Read More »

(Reuters) – Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter. Shares of the media giant rose 3% in extended trading. A special committee of Paramount’s board, which was established to evaluate the media company’s options, spent …

Paramount will let exclusive talks with Skydance lapse, NYT reports Read More »

By Elizabeth Howcroft LONDON (Reuters) -The world’s largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched …

Stablecoin Tether steps up monitoring in bid to combat illicit finance Read More »

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil will take 18 to 24 months to achieve its desired production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company’s top shale executive said on Friday. Exxon this week closed all-stock acquisition after agreeing to an antitrust consent order that …

Exxon to take up to two years to hit stride with Pioneer purchase Read More »

(Reuters) – Goldman Sachs said on Friday it had reached an in-principle settlement to resolve a 2014 class action lawsuit related to trading in platinum and palladium. The investment bank was among a number of defendants named in the lawsuit, which alleged they had violated antitrust laws by conspiring to manipulate a benchmark for physical …

Goldman Sachs settles 2014 class action lawsuit tied to metal trades Read More »

By Nate Raymond (Reuters) – Amneal Pharmaceuticals said on Friday it had reached a deal valued at more than $270 million to resolve claims it helped fuel the deadly U.S. opioid epidemic, becoming the latest drug company to settle lawsuits over the addiction crisis brought by states and local governments. Amneal reached an agreement in …

Drugmaker Amneal agrees to $270 million U.S. opioid settlement Read More »

By Daniel Wiessner (Reuters) – Aetna will pay $2 million and update its coverage policies to settle a lawsuit claiming the health insurer required LGBTQ beneficiaries to pay more out of pocket for fertility treatments than heterosexual people, according to a Friday court filing. Lawyers for four people who in 2021 sued Aetna, a subsidiary …

Aetna will cover fertility treatments for LGBTQ people under court settlement Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft deliveries from Boeing. The Dallas-based airline, which operates an all-Boeing fleet, has been reeling …

Exclusive-Southwest pilots face reduced hours, pay due to Boeing delivery delays Read More »

By Rod Nickel and Scott DiSavino The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion …

US stands to lose Canadian natural gas when LNG Canada terminal starts up Read More »

(Reuters) – Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources, the oil and gas producer said on Friday, a day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)