By David Shepardson WASHINGTON (Reuters) -U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers at Amazon.com Inc, Starbucks and other employers. The meeting will include Christian Smalls, who heads the Amazon Labor Union, and other grassroots organizers from Starbucks/SEIU, United Paizo Workers/CWA, Baltimore…
By Svea Herbst-Bayliss BOSTON (Reuters) – Bank of America ranked as the top financial adviser to companies targeted by activist investors in 2021, vaulting past three rivals to claim the top spot, according to Refinitiv data published on Tuesday. During 2021, Bank of America advised on 35 campaigns, up from 28 reported for the previous…
By Dietrich Knauth (Reuters) -Washington has reached a $518 million settlement with drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc, ending a months-long trial over the companies’ alleged role in fueling the opioid epidemic in the state. McKesson will pay $197 million, while AmerisourceBergen and Cardinal will each contribute $160.5 million to the…
(Reuters) – Advanced Micro Devices Inc forecast second-quarter revenue above market expectations on Tuesday, betting on steady demand for its chips used in data centers and gaming consoles. A booming cloud computing market is fuelling strong sales of chips used in data centers, helping AMD overcome a weakness in its PC chip business, one of…
SALT LAKE CITY (AP) — U.S. officials announced what they called extraordinary steps on Tuesday to keep hundreds of billions of gallons of water stored in a reservoir on the Utah-Arizona line to prevent it from shrinking more amid prolonged drought and climate change. The U.S. Bureau of Reclamation plans to hold back about 480,000…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar slipped against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20-year high last week on expectations the U.S. central bank…
By Emma Farge GENEVA (Reuters) – The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an “outcome document” for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June. WTO director-general Ngozi Okonjo-Iweala, who has made vaccine equity…
By Nia Williams (Reuters) -Oil slipped 2% on Tuesday as demand worries due to China’s prolonged COVID-19 lockdowns outweighed support from a possible European oil embargo on Russia. Beijing, reporting dozens of new cases daily, is mass-testing residents to avert a lockdown similar to Shanghai’s over the past month. The capital’s restaurants were closed for…
By Mehnaz Yasmin (Reuters) – The cost to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession. Credit risks have worsened since the Ukraine crisis as some big U.S. banks…
PARIS (Reuters) – Most unions at U.S. e-commerce giant Amazon’s French arm rejected the company’s 2022 pay proposal on the final day of talks, but no immediate industrial action is planned, union representatives said. A group unions had proposed a 5% pay increase to compensate for a sharp rise in inflation in France. The company,…
