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By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the Federal Reserve to raise interest rates again in June. The Job Openings and Labor Turnover Survey, or JOLTS report, from the …

US labor market remains resilient as job openings climb, layoffs drop Read More »

By Brendan Pierson (Reuters) -Johnson & Johnson on Wednesday faced the first trial in almost two years over claims that asbestos in its baby powder and other talc products causes cancer, as it seeks to settle thousands of similar cases in bankruptcy court. Emory Hernandez, 24, says he developed mesothelioma, a deadly cancer, in the …

J&J faces new trial over talc cancer claims, amid settlement push Read More »

(Reuters) -Electric-vehicle maker Lucid Group Inc said on Wednesday it was raising about $3 billion from Saudi Arabia’s Public Investment Fund (PIF) and others. Shares of the company were down 7% in extended trading. In March, an entity related to PIF loaned Lucid about $266 million and roughly the same amount in April 2022, while …

Lucid to raise about $3 billion from Saudi’s PIF, others Read More »

By Matt McKnight SEATTLE (Reuters) – Some Amazon.com Inc employees staged a walkout on Wednesday in protest of the e-commerce giant’s changes to its climate policy, layoffs and a return-to-office mandate. More than 100 people gathered in the afternoon by the Spheres, the glass-dome monument at the heart of Amazon’s Seattle headquarters, according to a …

Some Amazon employees walk out in Seattle to protest climate, office policies Read More »

(Reuters) -Nordstrom Inc posted a surprise quarterly profit and estimate-beating revenue on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending. Shares of the upmarket department store chain jumped 9.4% in extended trading, as the company also maintained its forecasts for 2023 sales and …

Nordstrom posts surprise profit as inventory woes ease Read More »

By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) – The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world’s largest crude reserves. Pedro …

Carrots and sticks: Venezuela’s new oil chief targets graft, courts workers Read More »

(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said the model is limited to 300 units globally and that it has opened reservations in both U.S. and China. The startup also launched the regular FF 91 …

EV maker Faraday Future launches limited edition FF 91 2.0 for $309,000 Read More »

By Helen Reid LONDON (Reuters) – U.S. retailer Target’s decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies’ “rainbow capitalism,” said Erik Carnell, a transgender designer whose products were pulled from its stores. Target has sold LGBTQ-related goods tied to Pride month for years. But last week …

Target Pride backlash exposes ‘rainbow capitalism’ problem, designer says Read More »

(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc – home to carmakers such as Volkswagen and Stellantis – tries to cut its dependency on Asia and win a green subsidy race with the United States. They also want to attract suppliers of …

Factbox-Companies invest in EV battery factories in Europe Read More »