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By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -Shares in BNP Paribas fluctuated between red and green territory in early trading on Tuesday after the euro zone’s biggest bank raised its 2025 targets but missed market expectations for the fourth quarter. BNP’s stock was edging up 0.6% at 0822 GMT, reversing course soon after market …

BNP Paribas shares volatile after misses Q4 expectations, raises 2025 targets Read More »

(Reuters) – Australian health insurer Medibank Private Ltd said on Tuesday a class action suit had been filed against it over last year’s cybercrime incident that compromised personal information of 10 million current and former customers. The proceedings were filed in an Australian court by law firm Baker & McKenzie, representing current and former Medibank …

Australia’s Medibank slapped with class action over cyber incident Read More »

By Diana Novak Jones (Reuters) – Nearly 60 lawsuits claiming hair relaxer products sold by L’Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidistrict Litigation. At least 57 lawsuits have been filed in federal …

Nearly 60 hair relaxer lawsuits against L’Oreal, others consolidated in Illinois federal court Read More »

By David Shepardson WASHINGTON (Reuters) -The world’s biggest airline trade body warned many airlines will be unable to meet looming U.S. deadlines to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference and warned it could impact the summer international travel season. International Air Transport Association (IATA) Director General Willie Walsh …

Exclusive-Many airlines will not meet U.S. 5G upgrade deadline -IATA Read More »

By Alison Frankel (Reuters) – Madison Square Garden Entertainment Corp does not want New York’s liquor licensing agency to see sworn testimony from its chairman and CEO James Dolan as regulators probe MSG’s policy of banning plaintiffs lawyers who are suing the company from attending events at MSG venues. In the latest fallout from the …

Madison Square Garden sues to block liquor board’s access to CEO’s testimony in lawyer ban flap Read More »

By Carolina Mandl, Shubham Batra and Johann M Cherian (Reuters) – The main U.S. stock indexes ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates. Traders are keeping a close eye on speeches by Fed officials this week, including …

Wall St ends down as investors await Fed’s next steps Read More »

(Reuters) -The U.S. Federal Reserve may need to lift borrowing costs higher than previously anticipated given the unexpectedly strong reading on jobs gains in January, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday. Unless the report proves to be anomalous, “It’ll probably mean we have to do a little more work,” Bostic told …

Fed may need to push rates higher, Bostic tells Bloomberg Read More »

NEW YORK (Reuters) – Goldman Sachs said on Monday it now sees a 25% probability of the United States entering a recession in the next 12 months, down from a previous 35% forecast. “Continued strength in the labor market and early signs of improvement in the business surveys suggest that the risk of a near-term …

Goldman Sachs cuts U.S. recession odds to 25% on strong labor market Read More »