By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company. The investment firm, which owns a 4.4% stake and has been pushing for change …
ValueAct questions Seven & i strategy, pushes 7-Eleven spin-off Read More »
By Asif Shahzad ISLAMABAD (Reuters) – Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid. The March inflation number eclipsed February’s 31.5%, the bureau said, as food, beverage and transport …
Pakistan posts highest-ever annual inflation; stampedes for food kill 16 Read More »
SAN FRANCISCO (Reuters) – U.S. Federal Reserve Governor Christopher Waller on Friday said recent data is consistent with the notion that the U.S. central bank may be able to drive down inflation without serious harm to the labor market. If people really have begun to believe that prices are going to just keep on rising, …
Fed’s Waller: US inflation can drop without much harm to job market Read More »
By David Shepardson and David Lawder WASHINGTON (Reuters) -The U.S. Treasury Department unveiled stricter electric vehicle tax rules on Friday that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new requirements take effect. The rules are aimed at weaning the United States off dependence on …
US unveils stricter EV tax credit rules, effective April 18 Read More »
By Jonathan Stempel NEW YORK (Reuters) – Bed Bath & Beyond Inc was sued on Friday by Mark Tritton, who was ousted last June as chief executive of the troubled home goods retailer, in a complaint accusing the company of failing to honor his $6,765,000 severance agreement. According to the complaint filed in a New …
Bed Bath & Beyond is sued by ousted CEO over unpaid severance Read More »
WASHINGTON/MEXICO CITY (Reuters) -The U.S. and Mexico on Friday announced a deal to resolve a U.S. labor complaint at VU Manufacturing in northern Mexico that requires the auto parts plant to let workers freely choose their union in line with a trade pact aimed at improving labor rights. Mexico’s government previously found “serious irregularities” at …
U.S., Mexico agree deal to fix labor dispute at VU Manufacturing plant Read More »
By Dietrich Knauth (Reuters) – A group of Boy Scouts’ insurers on Friday asked a judge to delay the youth group’s exit from bankruptcy to allow them more time to appeal a record-setting $2.46 billion settlement of sexual abuse claims. More than a dozen insurers, including Liberty Mutual Insurance Company, have said the Boy Scouts’ …
Boy Scouts insurers seek to delay $2.5 billion abuse deal, bankruptcy exit Read More »
(Reuters) – Deposits at all U.S. commercial banks fell in the week ended March 22 to their lowest since August, but at a slower rate than the week before, and stabilized at small lenders seen as more vulnerable to outflows after the failure of Silicon Valley Bank. Data released on Friday by the Federal Reserve …
US bank deposit outflows decelerated in second week after SVB collapse Read More »
By Tom Hals, Jonathan Stempel and Helen Coster WILMINGTON, Delaware (Reuters) – A jury will decide whether Fox Corp defamed Dominion Voting Systems with false vote-rigging claims aired by Fox News after the 2020 U.S. election, a Delaware judge ruled on Friday, dealing a setback to the media company that had sought to avoid a …
Delaware jury to decide if Fox is liable for defaming Dominion Read More »
By Daniel Wiessner (Reuters) -A U.S. appeals court said on Friday Tesla Inc CEO Elon Musk violated federal labor law by tweeting that employees of the electric vehicle maker would lose stock options if they joined a union. The New Orleans-based 5th U.S. Circuit Court of Appeals upheld a decision by the U.S. National Labor …
Elon Musk’s 2018 tweet on Tesla union campaign illegal, US court rules Read More »
