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(Reuters) – Bankrupt drugmaker Mallinckrodt is in talks with major investors about selling some or all of its business units, which could lead to its exit from the opioid business, the Wall Street Journal reported on Monday, citing people familiar with the discussions. Some investors, poised to take control through the company’s ongoing bankruptcy proceedings, …

Bankrupt drugmaker Mallinckrodt considers sale of opioid business – WSJ Read More »

By Sarah Wu TAIPEI (Reuters) -The U.S. state of Arizona is in talks with Taiwanese chipmaker TSMC on advanced packaging, state governor Katie Hobbs said on Tuesday, which is crucial for the manufacturing of artificial intelligence (AI) chips. TSMC, which is building a $40 billion chip factory in Arizona, has not announced plans to build …

Arizona governor says state in talks with TSMC on advanced packaging Read More »

(Reuters) -Labor negotiations continued this week between union negotiators and representatives of the Detroit Three automakers days into a strike against General Motors, Ford and Stellantis. Below are comments from some of the 10 Republican presidential candidates seeking their party’s 2024 nomination to take on Democratic U.S. President Joe Biden, who has backed the United …

Factbox-Some Republican 2024 presidential candidates’ reaction to the UAW strike Read More »

WASHINGTON (Reuters) -Lyft has agreed to pay $10 million to settle Securities and Exchange Commission charges it failed to disclose a board member’s financial interest in a transaction involving the company, the U.S. regulator said on Monday. Prior to its public listing in March 2019, a Lyft board director arranged for the sale of $424 …

Lyft to pay $10 million civil penalty over disclosure failures -SEC Read More »

By Andrea Shalal and Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Monday said she saw no signs the U.S. economy is entering a downturn but warned that failure by Congress to pass legislation to keep the government running risked slowing momentum in the economy. “I don’t see any signs that the economy …

Yellen: No signs US economy in downturn, warns against gov’t shutdown Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street closed little changed on Monday as market participants looked ahead to the U.S. Federal Reserve’s expected decision to leave key interest rates unchanged on Wednesday. All three major U.S. stock indexes ended a choppy session with nominal gains, as investors, with few catalysts showed little conviction …

Wall Street moves sideways as investors look to Fed Read More »

(Reuters) -U.S. oil output from top shale-producing regions is on track to fall for a third month in a row in October to the lowest level since May 2023, the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday. U.S. oil output is expected to fall to 9.393 million barrels …

US oil output from top shale areas to fall for 3rd straight month in October, EIA says Read More »

By Jonathan Stempel NEW YORK (Reuters) -Starbucks was ordered by a federal judge on Monday to face a lawsuit claiming that several of its Refresher fruit beverages lacked a key ingredient: fruit. U.S. District Judge John Cronan in Manhattan rejected Starbucks’ request to dismiss nine of the 11 claims in the proposed class action, saying …

Starbucks to face lawsuit claiming its fruit drinks are missing fruit Read More »

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome. The United Auto Workers launched a …

The Fed wants to cool spending; a strike, a shutdown and student loans may add ice Read More »

By Sheila Dang and Ari Rabinovitch (Reuters) – Israeli Prime Minister Benjamin Netanyahu urged Elon Musk to strike a balance between protecting free expression and fighting hate speech at a meeting on Monday after weeks of controversy over antisemitic content on Musk’s social media platform X. Earlier this month, Musk attacked the Anti-Defamation League, accusing …

Israel’s Netanyahu urges Musk to balance free speech, fighting hate on X Read More »