WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it disbursed about $2.9 billion in Emergency Rental Assistance funds to 665,000 renters and landlords during November, putting the program on pace for total full-year 2021 obligations of $25-30 billion. The Treasury also said it disbursed $1.1 billion in funding to communities deemed eligible for…
NEW YORK (Reuters) – A U.S. judge on Friday allowed Purdue Pharma to immediately challenge her rejection of legal protections for Sackler family members who own the OxyContin maker, and which were key to its bankruptcy reorganization plan. U.S. District Judge Colleen McMahon’s ruling means Purdue will have another shot at keeping intact a $4.5…
MEXICO CITY (Reuters) – Mexico auto production fell by 2% last year compared with 2020, the second annual decline in a row, as Mexico’s flagship industrial sector struggles to pull past pandemic shocks and a global semiconductor shortage, official data showed on Friday. Auto output in 2021 declined to 2,979,276 vehicles from 3,040,178 the year…
By Blake Brittain WASHINGTON (Reuters) – A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’ smart-speaker patents. The U.S. International Trade Commission affirmed an August decision that Google audio products infringed five Sonos patents and banned Google from importing “networked speaker devices” and devices that can control them…
By Howard Schneider WASHINGTON (Reuters) -Since adopting a new approach to U.S. monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like “maximum employment,” arguing they did not want to prejudge how many jobs the economy could produce but feel their way toward that end….
(Reuters) – Citigroup Inc on Friday told its staff that it would terminate employees who are unvaccinated as of Jan. 14, according to a source familiar with the matter. (Reporting by Niket Nishant in Bengaluru and David Henry in New York; Editing by Amy Caren Daniel)
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased far less than expected in December amid worker shortages, and job gains could remain moderate in the near term as spiraling COVID-19 cases disrupt economic activity. But the jobs market is rapidly tightening, with the Labor Department’s closely watched employment report on Friday showing the unemployment…
(Reuters) – Wall Street’s main indexes opened largely flat on Friday after data pointed to weaker-than-expected job growth, while a rise in wages fueled concerns about higher inflation. The Dow Jones Industrial Average rose 13.12 points, or 0.04%, at the open to 36,249.59. The S&P 500 opened higher by 1.61 points, or 0.03%, at 4,697.66,…
FRANKFURT (Reuters) – Euro zone inflation rose unexpectedly last month, likely making for more uncomfortable reading at the European Central Bank, which has consistently underestimated price pressures and come under fire for this from some of its own policymakers. Inflation in the 19 countries sharing the euro rose to 5% from 4.9% in November, a…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased less than expected in December amid worker shortages and job gains could remain moderate in the near term as spiraling COVID-19 infections disrupt economic activity. Nonfarm payrolls rose by 199,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data…
