By Nia Williams (Reuters) -TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the assets do not fit with the French oil major’s low-emissions strategy. At an investor presentation in New York, TotalEnergies said the proposal would be…
By Paul Carrel and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) – The European Union on Wednesday promised a “robust” response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe. As gas spewed out under the Baltic Sea for a third…
By Brendan Pierson (Reuters) – Survivors of a mass shooting in July that killed six people and injured dozens in a Chicago suburb sued gunmaker Smith & Wesson Brands Inc on Wednesday, accusing it of deliberately marketing its weapons to violence-prone young men through social media and advertisements reminiscent of video games. In a series…
NEW YORK (AP) — Regions Bank for a second time in a decade was found charging illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fines. In an investigation, the Consumer Financial Protection Bureau found that…
By Sheila Dang and Katie Paul (Reuters) -Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. Brands ranging from Walt Disney Co, NBCUniversal and Coca-Cola Co to a children’s…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau has ordered Regions Financial Corp to pay $191 million in fines and refunds, after the regulator said the Birmingham, Alabama-based bank charged customers illegal overdraft fees for years. From 2018 to 2021 Regions charged roughly $141 million in illegal fees, which will be refunded,…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed for a fifth straight month in August amid a decline in imports, which is being driven by slowing domestic demand as the Federal Reserve aggressively tightens monetary policy to tame inflation. The report from the Commerce Department on Wednesday suggested that trade…
BRUSSELS (AP) — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday. European Commission President Ursula von der Leyen said the Kremlin-orchestrated referendums on joining Russia “are an illegal attempt to…
(Reuters) -Canadian cinema chain Cineplex has approached bankrupt rival Cineworld’s lenders for a potential merger with the British company’s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday. Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years…
Shares of Biogen and other drugmakers researching Alzheimer’s disease soared Wednesday after Japan’s Eisai Co. said its potential treatment appeared to slow the fatal disease in a late-stage study. The drugmaker said early results showed that its treatment, lecanemab, reduced patient clinical decline by 27% when compared to a placebo or fake drug after 18…
