By Jonathan Stempel (Reuters) -Delta Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or canceling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. U.S. District Judge Mark Cohen in Atlanta said five of the nine plaintiffs …
Delta must face passenger lawsuit over massive computer outage Read More »
By Alberto Alerigi SAO PAULO (Reuters) – The month of May will be crucial for steelmaker ArcelorMittal to decide whether it will move forward with fresh investments in Brazil, its head in the country told Reuters on Tuesday, as it approaches the end of its current investment cycle. The approaching deadline for the extension of …
ArcelorMittal sees May as critical for decision on new Brazil investments Read More »
(Reuters) -Social media giant Meta Platforms said on Tuesday it has been awarded $168 million in damages from the Israeli spyware firm NSO group after the surveillance company was found liable for hacking its systems. (Reporting by Raphael Satter; Editing by Leslie Adler)
By Chris Prentice and Douglas Gillison WASHINGTON (Reuters) -The new head of the U.S. Securities and Exchange Commission told staff on Tuesday the agency has lost 15% of its headcount across offices and divisions and he expects to conduct a “targeted” reorganization, according to sources familiar with the matter. Paul Atkins, who was sworn in …
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say Read More »
By Svea Herbst-Bayliss BEVERLY HILLS (Reuters) -Billionaire investor Bill Ackman on Tuesday said Harvard University, one of the nation’s oldest and wealthiest, should not be entitled to taxpayer funds when the school wastes money on what he calls “administrative bloat.” Ackman, who earned undergraduate and business degrees from Harvard more than three decades ago, was …
Ackman at Milken says Harvard is not ‘entitled’ to federal funds Read More »
(Reuters) -Devon Energy missed Wall Street estimates for first-quarter profit on Tuesday, as lower oil prices offset higher production. Shares were down about 1% at $30.29 in extended trading. Average Brent crude futures fell on average in the first quarter from a year earlier on fears that U.S. tariffs and the ensuing trade war would …
Devon Energy misses first-quarter profit estimates on lower oil prices Read More »
(Reuters) -Lucid stuck to its 2025 production forecast on Tuesday despite the threat of tariffs forcing many automakers to pull back targets, while the luxury electric-vehicle maker reported first-quarter revenue below analysts’ expectations. Demand for pure battery cars in the U.S. has been slowing as consumers, hit with high interest rates and recession worries, gravitate …
Lucid sticks to annual production forecast even as tariff woes hit automakers Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit widened to a record high in March as businesses boosted imports of goods ahead of President Donald Trump’s sweeping tariffs, which dragged gross domestic product into negative territory in the first quarter for the first time in three years. The report from the Commerce Department on …
Rush to beat tariffs boosts US trade deficit to record high in March Read More »
By Promit Mukherjee OTTAWA (Reuters) -A manufacturer of capsules and tablets for the pharmaceuticals industry is scouting Asia for new partners. A steel component maker, with a client base in the United States stretching back 35 years, is telling customers to expect to pay higher prices. Another company, that produces mascot costumes for sporting or …
As Trump tariffs sink in, Canadian companies pivot from US to new markets Read More »
By David Shepardson WASHINGTON (Reuters) -Amazon.com’s self-driving unit Zoox agreed to recall 270 driverless vehicles after an unoccupied robotaxi was involved in an April 8 crash with a passenger car in Las Vegas. Zoox said on Tuesday there were no injuries in the crash. The Zoox Automated Driving Systems in certain driving scenarios “may make …
Amazon’s robotaxi unit Zoox agrees to software recall after self-driving Las Vegas crash Read More »
