By Ricardo Brito (Reuters) -Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix prices between 1999 and 2006, a prosecutor told Reuters. Federal Prosecutor Karen Kahn said the Sao Paulo Court of Justice will hear claims in a…
(Repeats to add metadata, no change to content of story) By Chuck Mikolajczak NEW YORK (Reuters) -U.S. Treasury yields climbed and U.S. index futures closed modestly higher after employment data for March indicated the labor market remains tight, but was largely in line with market expectations. Nonfarm payrolls increased by 236,000 jobs last month, the…
By David Shepardson WASHINGTON (Reuters) -General Motors’ robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after a driverless vehicle crashed into a San Francisco bus on March 23. The collision, which did not result in any injuries, was the fault of software in a Cruise automated vehicle (AV) inaccurately predicting…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labor market tightness that could see the Federal Reserve hiking interest rates again next month. Nonfarm payrolls increased by 236,000 jobs last month, the Labor…
(Reuters) – Paramount Global is exploring selling a majority stake in its online learning service for children, Noggin, the Wall Street Journal reported on Friday, citing people familiar with the situation. (Reporting by Akanksha Khushi in Bengaluru; Editing by Alison Williams)
By Tim Hepher PARIS (Reuters) -Airbus deliveries fell by 11% on an industrial basis to 127 jets in the first quarter, underscoring pressure on global supply chains, industry sources told Reuters. Deliveries were down 11% from 142 physical deliveries in the same period last year, or down 9% compared with an adjusted year-ago total of…
By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming for steep growth in a market where it has long been lapped by rivals. The world’s largest automaker by sales will also set up a…
By Leika Kihara TOKYO (Reuters) -Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan’s central bank chief on Friday, ending a decade of unconventional policy that included a “bazooka” of stimulus aimed at boosting inflation and sustainable growth. Handing the reins of the Bank of Japan (BOJ) to academic Kazuo Ueda,…
By Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S. Inflation Reduction Act. Government support will include lowering lending…
(Reuters) – Icelandair Group HF said on Friday it signed a provisional deal to purchase 13 of European planemaker Airbus SE’s latest A321XLR single-aisle jet, with deliveries slated to begin in 2029. As part of the deal, Icelandair has an option to purchase an additional 12 aircraft after buying 13 of Airbus’ newest and largest…
