Reuters US Business

NEW YORK (Reuters) -Amazon.com Inc on Friday called for an election re-run after workers at a New York City warehouse voted to create the company’s first U.S. union, saying that the U.S. labor board and worker-organizers suppressed turnout. The Amazon Labor Union (ALU) rejected the allegations made by the online retailer that is the second-largest …

Amazon calls for election re-run after workers voted for first U.S. union Read More »

(Reuters) -Home improvement chain Lowe’s Cos Inc said on Friday Chief Financial Officer David Denton would step down to pursue another opportunity at a publicly traded company outside the industry. Denton joined Lowe’s as CFO in 2018 from CVS Health Corp, where he worked for nearly 20 years in several roles, including finance chief. Lowe’s …

Lowe’s CFO Denton to step down Read More »

NEW YORK (Reuters) – Speculators’ net long positioning on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position slid to $14.13 billion for the week ended April 5, from $16.11 billion the previous …

Speculators pare back net long U.S. dollar bets in latest week -CFTC, Reuters data Read More »

(Reuters) – Chipmaker Nvidia Corp said on Friday it would seek shareholders’ approval to increase the number of authorized shares of common stock to 8 billion from 4 billion. (Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)

By David Shepardson WASHINGTON (Reuters) -United Airlines confirmed on Friday it has delayed the return of some grounded Boeing 777 planes with Pratt & Whitney 4000 engines until at least May 12. An engine on a United Airlines 777 jet failed shortly after takeoff from Denver in February 2021, showering debris over nearby cities but …

United Airlines delays return of some Boeing 777s until May Read More »

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Friday it is naming a new head of its aircraft certification service as the agency works to implement significant reforms Congress ordered in December 2020. The FAA said effective on May 8 Lirio Liu, who directs the FAA’s International Affairs office, will become …

U.S. FAA names new aircraft certification director Read More »

WASHINGTON (Reuters) – The U.S. federal judge hearing the government’s antitrust case against Alphabet’s Google said on Friday he was not convinced that he had the authority to sanction the company for overzealous use of attorney-client privilege if it occurred before the Justice Department’s lawsuit was filed. The department had asked Judge Amit Mehta in …

U.S. judge in Google case not convinced company’s conduct will get sanction Read More »

(Reuters) – Annual inflation will continue to rise due to the base effect, the Russian central bank said on Friday, adding that tightening of monetary conditions already in place will continue to limit pro-inflationary risks. On Friday, the central bank decided to cut its key rate by 300 basis points to 17% from April 11. …

Russian inflation to continue rising due to base effect, central bank says Read More »

(Reuters) – Australia’s Federal Court on Friday ordered lender Westpac Banking Corp’s superannuation agent to pay A$20 million ($14.96 million) in penalty for incorrect insurance charges. The court said BT Funds Management had incorrectly charged its superannuation fund members insurance premiums that included commission payments, despite a ban on such commissions under the 2013 Future …

Australia’s Westpac unit penalised for charging incorrect insurance fees Read More »

(Reuters) – Russian brewers have asked the agriculture ministry to help them find ways to replace imported hops in the next few years as they fear shortages, the Kommersant newspaper reported on Friday. Hops are an essential flavouring ingredient and Russian-owned brewers import 98% of the 7,000–7,500 tonnes they use every year, mainly from Germany, …

Russian brewers ask for help replacing imported hops -Kommersant Read More »