Reuters US Business

By Blake Brittain (Reuters) -Chipotle Mexican Grill Inc sued fast-casual dining rival Sweetgreen Inc in California federal court Tuesday, claiming the salad chain’s new “Chipotle Chicken Burrito Bowl” violates its trademark rights. Chipotle’s lawsuit said Sweetgreen’s “very similar and directly competitive” bowl is an attempt to capitalize on the Chipotle brand and likely to confuse …

Chipotle sues Sweetgreen for trademark infringement over ‘chipotle chicken’ bowl Read More »

NEW YORK (Reuters) – The Financial Industry Regulatory Authority, Wall Street’s self-funded watchdog, fined Goldman Sachs Inc $3 million on Tuesday for mistakenly marking some of its stock orders as “long” instead of “short”, and for trade reporting violations. From October 2015 to April 2018, Goldman mismarked around 60 million short sale orders totaling more …

Goldman Sachs fined $3 million by FINRA over mismarking short sale orders Read More »

(Reuters) -Johnson & Johnson’s shares rose nearly 4% in early trading to hit a near two-month high of $164.48 on Wednesday as the company’s $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Some analysts were positive about the …

J&J rises as $9 billion talc lawsuit settlement eases overhang on unit spinoff Read More »

By Valerie Insinna WASHINGTON (Reuters) -Boeing Co said on Wednesday it had restarted deliveries of its widebody 767 after a three-month pause caused by supplier quality issues. The U.S. planemaker was forced to halt deliveries of the 767F freighter and KC-46 tanker earlier this year after it discovered center fuel tanks made by a supplier …

Boeing resumes 767 freighter deliveries after three-month pause Read More »

TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in March from February, with listings falling at a faster rate than did sales in comparison to a year ago, in the first look at the market since the Bank of Canada paused its interest rate hikes. The average price of a GTA home rose …

Toronto home prices rise in March as new listings tumble Read More »

SAO PAULO (Reuters) – Uber Technologies Inc on Wednesday announced a deal with Brazilian bike-sharing company Tembici to make electric and common bicycles available on its app in Latin America amid a push for greener initiatives. Uber said in a statement the deal was aimed at making it easier for people to travel short distances …

Uber to offer Tembici’s bike-sharing service in Latin America Read More »

COPENHAGEN (Reuters) – Sweden-based Volvo Car AB said on Wednesday its sales increased by 8% year-on-year in March to 63,132 cars, helped mainly by the company’s fully electric cars. Volvo Car, majority-owned by China’s Geely Holding, said in a statement its fully electric models made up 41% of all its cars sold globally in the …

Volvo Car’s sales up 8% in March Read More »

(Reuters) – Walmart Inc on Tuesday said it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026, just days after it revealed plans to lay off more than 2,000 people at online order fulfillment centers. The move comes as Walmart has increasingly been using its …

Walmart says 65% of stores will be serviced by automation in 2026, keeps forecast Read More »

By Jonathan Stempel NEW YORK (Reuters) -The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial aid company Frank, of defrauding JPMorgan Chase & Co into buying the startup for $175 million in 2021. Javice, 31, was charged by the Department of Justice with repeatedly lying to …

US charges Frank financial aid startup’s founder with defrauding JPMorgan Read More »

By Dietrich Knauth (Reuters) -A Johnson & Johnson subsidiary filed for bankruptcy a second time on Tuesday, seeking to complete a $8.9 billion settlement of lawsuits alleging that its baby powder and other talc products cause cancer. J&J subsidiary LTL Management’s first bankruptcy was dismissed earlier on Tuesday, after an appellate court ruled that the …

J&J unit files for second bankruptcy to pursue $8.9 billion talc settlement Read More »