Reuters US Business

By Carolina Pulice MEXICO CITY (Reuters) – The Mexican government’s latest move to tighten control over its potentially lucrative lithium reserves fails to resolve the puzzle of how it can lure needed private industry expertise while keeping most profits for state coffers. Last Saturday, President Andres Manuel Lopez Obrador signed his latest presidential decree on …

Analysis: Decree adds to doubts about Mexican lithium industry’s future Read More »

By Daniel Wiessner (Reuters) – Walmart Inc must pay about $11,000 in fines for failing to prevent heavy boxes from falling 40 feet and seriously injuring an employee at a New York warehouse, the U.S. workplace safety regulator said on Friday. The U.S. Occupational Safety and Health Administration (OSHA) said a review board had rejected …

Walmart can’t beat fine over warehouse worker injury Read More »

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that U.S. inflation was coming down but there was still more work to do to bring it in line with the Federal Reserve’s 2% annual target. Yellen also told reporters on the sidelines of a G20 finance ministers and central bank …

Yellen says U.S. inflation coming down but core measures remain elevated Read More »

By Joshua Schneyer, Kristina Cooke and Mica Rosenberg NEW YORK (Reuters) – South Korean automaker Hyundai Motor Co on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working. In a Feb. 24 letter to shareholders …

Exclusive-Hyundai to divest Alabama subsidiary following child labor revelations Read More »

By Daniel Wiessner (Reuters) – A federal judge in Detroit on Thursday dealt a blow to a U.S. labor agency by drastically narrowing his recent order that had barred Starbucks Corp from retaliating against pro-union workers nationwide to cover only one Michigan store. U.S. District Judge Mark Goldsmith ordered Starbucks to cease and desist from …

Starbucks eludes U.S. agency’s bid to shield pro-union workers from firings Read More »

By David French (Reuters) – The main Wall Street benchmarks closed a topsy-turvy Thursday in positive territory, with the S&P 500 snapping a four-session losing streak, as investors grappled with how interest rate policy might affect the U.S. economy. Stock markets have been volatile this year, pulling back in February after a strong January as …

Wall St ends topsy-turvy day higher, S&P snaps losing streak Read More »

(Reuters) – Beyond Meat Inc on Thursday forecast full-year revenue above market estimates, on the back of demand for its plant-based meat products such as patties, sausages and meatballs at grocers and convenience stores. Shares of the company rose about 15% in extended trading. The company posted better-than-expected quarterly sales for the first time since …

Beyond Meat forecasts 2023 revenue above market expectations Read More »

(Reuters) -Warner Bros Discovery Inc on Thursday posted a $2.1 billion loss in its fourth quarter, reflecting ongoing charges related to the restructuring of the merged media companies. The company reported revenue of $11 billion, shy of analysts’ consensus estimate of nearly $11.36 billion. Warner Bros Discovery reported a loss of 86 cents per share, …

Warner Bros Discovery reports fourth-quarter loss Read More »

NEW YORK (Reuters) – Online travel agency Booking Holdings Inc reported a 36% year-over-year increase in fourth-quarter revenue on Thursday, aided by strong travel demand. The Booking.com and KAYAK operator’s revenue rose to $4 billion for the quarter. Gross bookings for the quarter rose 44% from the year-ago period to $27.3 billion, the company said. …

Booking Holdings says quarterly revenue up 36% on strong travel demand Read More »

By Mike Scarcella (Reuters) – U.S. Justice Department lawyers say that Alphabet Inc’s Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part of the government’s antitrust case over its search business. The DOJ asserted in a court filing unsealed in a Washington, D.C., federal court on Thursday …

U.S. Justice Dept accuses Google of evidence destruction in antitrust case Read More »