Reuters US Business

By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued the operators of gym chain LA Fitness and other gyms on Wednesday, saying they have made it exceedingly difficult to cancel memberships. Irvine, California-based Fitness International and Fitness & Sports Clubs, which operate hundreds of gym locations under brands, including Esporta Fitness, City Sports Club …

US FTC sues LA Fitness for making it exceedingly hard to cancel gym memberships Read More »

By Dietrich Knauth and Mrinmay Dey (Reuters) -Jewelry retailer Claire’s said on Wednesday it would sell its North American  business to private equity firm Ames Watson for $104 million in cash, in a deal that will keep at least 795 retail locations in business. The sale agreement will “allow the Claire’s brand to remain a …

Bankrupt jewelry retailer Claire’s to sell its North American business Read More »

By Jonathan Stempel NEW YORK (Reuters) -Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed against United in San Francisco federal court and against …

Delta, United sued for selling windowless ‘window seats’ Read More »

By Jonathan Stempel (Reuters) -A federal judge ordered CVS Health’s pharmacy benefit manager unit to pay $289.9 million in damages and penalties after it overcharged Medicare for prescription drugs. In a Tuesday decision, Chief Judge Mitchell Goldberg in Philadelphia federal court tripled to $285 million the damages he had ordered CVS Caremark to pay in …

CVS unit must pay $290 million in drug whistleblower lawsuit, judge rules Read More »

(Reuters) -Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, just days after the struggling chipmaker got a $2 billion capital injection from SoftBank Group. The new funding would be another financial lifeline for Intel, as billions of dollars in investment to expand …

Intel in talks with large investors for equity boost at discount, CNBC reports Read More »

By Juveria Tabassum and Savyata Mishra (Reuters) -Mixed sales and profit forecasts from major U.S. retailers such as Target and Home Depot have prompted investors to question if this year’s crucial holiday season will yield the windfall typically associated with a year-end shopping surge. Rising costs driven by U.S. President Donald Trump’s import tariffs and …

US retailers split on holiday prospects amid consumer caution Read More »

TEL AVIV (Reuters) -Israel plans to buy two Boeing-made KC-46 military aerial refuelling tankers in a $500 million deal to be financed with U.S. military aid, the Israeli defence ministry said on Wednesday. It said it would sign the contract with the U.S. government once an Israeli ministerial committee for defence procurement grants its approval. …

Israel to place $500 million, US-funded order for Boeing aerial refuelling tankers Read More »

By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) -A crippling strike by Air Canada flight attendants that grounded thousands of flights over wages and unpaid labor is the latest blow to the airline industry’s compensation system that does not fully pay cabin crews for their hours at work. The union, representing more than 10,000 …

Air Canada labor deal may reshape pay for North American airline crews Read More »