Reuters US Business

By Daniel Wiessner (Reuters) – U.S. appeals court judges on Tuesday said a recent U.S. Supreme Court ruling involving Southwest Airlines baggage handlers does not support Domino’s Pizza LLC’s bid to force class action wage claims by delivery drivers into arbitration. The three-judge 9th U.S. Circuit Court of Appeals panel in Seattle appeared unlikely to …

Domino’s unlikely to push drivers’ wage claims into arbitration – appeals court Read More »

(Reuters) – Bitcoin rose 5.1% to $28,211 at 20:49 GMT on Tuesday, adding $1,369 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71% from the year’s low of $16,496 on Jan. 1. Ether, the coin linked to the ethereum blockchain network, rose 2.98% to $1,788.6 on Tuesday, adding $51.8 to …

Bitcoin rises 5.1% at $28,211 Read More »

(Reuters) -FedEx on Tuesday reported a fall in quarterly adjusted profit after a drop in e-commerce delivery demand offset its $4 billion cost-cutting plan aimed at sheltering margins. Shares of the company were down about 2.8% after the bell, when FedEx also announced that Michael Lenz would retire as chief financial officer effective July 31 …

FedEx profit falls on lower e-commerce demand Read More »

(Reuters) – Hit television writer and producer Ryan Murphy is planning to leave Netflix to join Walt Disney, Bloomberg News reported on Tuesday, citing people familiar with the matter. Murphy is known for his creation of hits from “Glee” to “9-1-1” and “American Horror Story” and serial-killer series “Dahmer – Monster: The Jeffrey Dahmer Story,” …

‘Dahmer’ producer Ryan Murphy plans to leave Netflix for Disney – Bloomberg News Read More »

WASHINGTON (Reuters) – Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for an evidentiary hearing set to begin this week on the Federal Trade Commission’s legal bid to block the deal from closing, according to a court filing on Tuesday. The FTC is seeking a preliminary injunction to …

Microsoft, Activision CEOs on witness list for hearing on FTC bid to block merger Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand. Federal Reserve Chairman Jerome Powell’s congressional testimony Wednesday could be a potential market mover. All three major …

Wall Street ends lower, pausing rally as Powell testimony looms Read More »

By Chibuike Oguh NEW YORK (Reuters) -Savers Value Village said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store operator at about $2.7 billion. A string of share offerings, including by restaurant chain Cava Group and consumer health firm Kenvue, are …

Private equity-backed Savers Value Village targets $2.7 billion valuation in US IPO Read More »

(Refiles to make clear in headline IMCO is a pensions manager) By Tommy Wilkes, Simon Jessop and Supantha Mukherjee LONDON (Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help the Swedish company expand production of lithium-ion batteries ahead of a possible initial public offering. …

Exclusive – Canadian pensions manager invests $400 million in Swedish battery maker Northvolt Read More »