(Reuters) -Johnson & Johnson said on Thursday it has agreed to retain all talc-related liabilities arising from litigation in the United States and Canada and will “indemnify” newly formed consumer health unit Kenvue for all costs. The statement comes after the Financial Times reported earlier in the day that Kenvue had been named in claims…
By Mahamat Ramadane N’DJAMENA (Reuters) – The head of the United Nations’ World Food Programme (WFP) in Chad said it expects to see more refugees fleeing across the border from Sudan to escape the fighting between the army and the paramilitary Rapid Support Forces. Around 10,000 to 20,000 Sudanese have already crossed the border into…
By Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported better-than-expected first-quarter results even as retail sales in North America fell, indicating a softness in demand in the motorcycle maker’s largest market due to inflationary pressures. Shares of Harley-Davidson were down about 3% in afternoon trade as first-quarter retail sales in North America fell 17%. The…
By Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported better-than-expected first-quarter results even as retail sales in North America fell, indicating a softness in demand in the motorcycle maker’s largest market due to inflationary pressures. Shares of Harley-Davidson were down about 3% in afternoon trade as first-quarter retail sales in North America fell 17%. The…
By Tom Westbrook SINGAPORE (Reuters) – China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. In the past day alone, data showed that more cross-border transactions with China were settled in yuan in March…
By James Oliphant and Alexandra Ulmer (Reuters) -In his face-off with Walt Disney Co, Florida Governor Ron DeSantis has frequently adopted the pose of a swaggering gunfighter out of the Wild West. “There’s a new sheriff in town,” DeSantis boasts to conservative audiences nationwide as he prepares to launch his 2024 presidential bid. The flex…
(Reuters) – Mastercard Inc on Thursday said the U.S. Justice Department was conducting an antitrust investigation of its U.S. debit program and competition with other payment networks. The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department’s Antitrust Division. The filing did…
By Jaiveer Shekhawat and Lananh Nguyen (Reuters) -Jefferies Financial Group Inc shares surged more than 5% on Thursday after Japan’s Sumitomo Mitsui Banking Corp (SMBC) said it will combine its U.S. equity and M&A business with the U.S. investment bank. As part of a deal, SMBC’s parent, Sumitomo Mitsui Financial Group, will expand its U.S….
WASHINGTON (Reuters) – The United States will dedicate specially trained asylum officers to new refugee centers in Guatemala and Colombia, Department of Homeland Security Secretary Alejandro Mayorkas told reporters on Thursday as Washington seeks to create new lawful pathways for migrants. The announcement was part of a series of actions rolled out by President Joe…
By Siddarth S and Manya Saini (Reuters) – Mastercard Inc beat estimates for quarterly profit as consumer spending surged against a turbulent economy, but the card company’s disclosure of a probe by the U.S. Justice Department unnerved investors. The regulator has demanded that Mastercard provide documents tied to its U.S. debit program and competition with…
