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(Reuters) -Two big U.S. retailers Walmart Inc and Target Corp said on Tuesday that supplies of baby formula were improving, months after the country faced acute shortages that had caused a panic among parents. Considering the still-existing supply constraints, Target said it will continue with the purchase restrictions both at its stores and online. The …

Baby formula supplies improving, say U.S. retailers Walmart and Target Read More »

By David Shepardson WASHINGTON (Reuters) – Amazon.com Inc confirmed that the Federal Trade Commission (FTC) has been investigating sign-up and cancellation processes for its Prime program since March 2021 The probe was previously reported by Business Insider, but Amazon made the probe public in a recently posted petition with the FTC that questioned what it …

Amazon criticizes ‘burdensome’ FTC probe into Prime Read More »

MEXICO CITY (Reuters) -The U.S. and Mexican governments have resolved a dispute under the United States-Mexico-Canada Agreement (USMCA) that alleged labor rights abuses at Stellantis-owned Teksid Hierro de Mexico, officials said on Tuesday. Under the resolution, Teksid, based in the northern border state of Coahuila, agreed to recognize an independent union and re-hire 36 fired …

U.S., Mexico end labor probe at Stellantis Mexico plant under trade pact Read More »

(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday that it charged Eagle Bancorp Inc and its former Chief Executive Officer Ronald Paul with failing to disclose related party loans extended by the bank to Paul’s family trusts. The bank and the former CEO have agreed to settle the charges, the SEC said …

U.S. SEC charges Eagle Bancorp for not disclosing loans to ex-CEO’s family trusts Read More »

By Carolina Mandl NEW YORK (Reuters) -Still uncertain on where U.S. stocks are headed, equity hedge funds are sitting out the market rally despite taking big paper losses on bearish bets since June, according to industry executives and market data. After slumping more than 20% during the first half on worries that aggressive U.S. Federal …

Skeptical on U.S. stocks, equity hedge funds sit out market rally Read More »

By Praveen Menon and Savyata Mishra (Reuters) -BHP Group Ltd reported bumper profits on Tuesday on the back of gains in prices of coal and other commodities, and declined to rule out a second approach in its spurned $6 billion bid for OZ Minerals. Shares in the world’s biggest miner by market value rose 5.5% …

Soaring coal prices lift BHP to highest profit in 11 years Read More »

By Liz Hampton (Reuters) – Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives. Carbon capture and storage hubs that take gases from chemical, power and …

Oil industry gears up to tap U.S. climate bill for carbon capture projects Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Monday with megacap growth shares, extending the market’s recent rally amid investor optimism the Federal Reserve can achieve a soft landing for the economy. Shares of Apple Inc climbed 0.6%, while Microsoft Corp rose 0.5% and Tesla Inc jumped 3.1%. Those stocks gave the …

Wall Street climbs, adding to recent gains as megacaps rise Read More »