By Jarrett Renshaw and Nichola Groom (Reuters) -The Biden administration’s five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources familiar with the matter. The schedule …
(Reuters) -Fast-food workers in California will earn a minimum of $20 an hour and have a greater say in setting workplace standards under a new bill signed into law on Thursday by Governor Gavin Newsom. “The future happens here first,” Newsom said at an event in Los Angeles, with labor officials and fast-food workers flanking …
California fast-food workers to earn minimum of $20 an hour under new law Read More »
NEW YORK, NY (Reuters) – Amazon faces an antitrust lawsuit by the U.S. Federal Trade Commission (FTC) and 17 state attorneys general for what they call monopolistic pricing to customers and fees to the e-retailers’ third-party sellers. Amazon maintains that its pricing strategies and tactics help create competition for its merchants on and off the …
WASHINGTON (Reuters) – The U.S. Treasury on Thursday released new guidance on energy efficient home tax credits worth up to $5,000 per dwelling, showing that for builders to receive the full amount, the homes must be fully capable of supporting solar power, electric heat pumps, electric vehicles and other efficiency enhancements. The Internal Revenue Services …
US Treasury: homes must be ‘zero energy ready’ to get full tax credit Read More »
(Reuters) -Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures. The company’s shares were up about 2% in extended trading. Nike’s inventories also fell 10%, indicating the company has been successful in reducing excess product …
Nike beats profit estimates as higher pricing pays off Read More »
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter. The settlements with broker-dealers and investment advisers would mark the latest enforcement action in the …
Exclusive-US SEC nearing settlement with Wall Street firms over WhatsApp probe -sources Read More »
By Emma Rumney LONDON (Reuters) – Philip Morris International has registered new lobbyists in at least 19 U.S. states this year, and plans to add some in four more in the next two weeks, according to a Reuters’ review of public records and information provided by the company. The world’s biggest cigarette maker by market …
Exclusive-Philip Morris hires U.S. lobbyists as key IQOS launch nears Read More »
By Sheila Dang and Dawn Chmielewski (Reuters) – Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company’s progress under billionaire owner Elon Musk. The appearance at Vox Media’s Code conference comes as Yaccarino marked 100 …
X CEO Yaccarino says Musk-owned platform could turn a profit next year Read More »
By Alasdair Pal SYDNEY (Reuters) -Pilots at Network Aviation, a subsidiary of Qantas Airways, will go on strike on Oct. 4, the Australian Federation of Air Pilots (AFAP) said on Thursday, a move that could affect flights to mines and energy projects in Western Australia. The union has been negotiating with Qantas management over wage …
Qantas pilots plan 24-hour walkout in possible blow to energy firms Read More »
LONDON (Reuters) – Philip Morris International (PMI) said on Thursday it aims for more than two thirds of its net revenues to come from “smoke-free” products by 2030, as the world’s top tobacco company continues to shift away from cigarettes. The Marlboro maker and the biggest tobacco firm by market value has been on a …
Philip Morris expands ‘smoke-free’ ambition, updates targets Read More »
