By Jonathan Stempel WASHINGTON (Reuters) – A Brazilian reinsurer entered a nonprosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s Berkshire Hathaway Inc. The U.S. Department of Justice said the payment by IRB Brasil Resseguros SA…
By Lisa Richwine LOS ANGELES (Reuters) – Former NBCUniversal Chief Executive Jeff Shell was fired for sexual harassment after an investigation found evidence that corroborated a female employee’s complaint, Comcast Corp said on Monday. On Sunday, Comcast had said that Shell was leaving the company because of “inappropriate conduct.” A two-decade veteran of the company,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As world markets tread water ahead of U.S. mega-tech earnings and the Bank of Japan meeting this week, investors on Tuesday will have one eye on the first estimate of South Korean GDP growth in the first quarter…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As world markets tread water ahead of U.S. mega-tech earnings and the Bank of Japan meeting this week, investors on Tuesday will have one eye on the first estimate of South Korean GDP growth in the first quarter…
(Reuters) – Whirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing machines in North America – its largest market. Whirlpool, like many consumer products makers, has had to raise prices to combat higher raw material costs and supply chain pressures. These…
By Allison Lampert and Ismail Shakil MONTREAL (Reuters) -Airlines will have to compensate passengers for major service disruptions except in limited cases under proposed legislation, Canada’s transport minister said on Monday as air-travel complaints in the country hit record levels. Passenger complaints against airlines in Canada and other countries over lengthy delays or flight cancellations…
By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc is diverting pigs from a Nebraska processing plant after a weekend fire kept the facility closed on Monday, the company and fire officials said. Shipping pigs to other plants seeks to avoid disruptions to U.S. pork production and backing up hogs on farms while Tyson works…
By Deborah Mary Sophia and Bansari Mayur Kamdar (Reuters) -Shares of Bed Bath & Beyond Inc plunged about 25% on Monday after the home goods retailer’s long fight to save its business ended in bankruptcy. The once high-flying company filed for bankruptcy protection on Sunday and said it had launched a liquidation sale after failing…
By Tatiana Bautzer NEW YORK (Reuters) -Climate protesters spray painted graffiti on Citigroup Inc and Bank of America Corp. offices in New York’s Bryant Park on Monday, accusing the banks of being “climate criminals” a day before the lenders are scheduled to hold their annual shareholder meetings. “The largest banks in the world invest hundreds…
By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store. Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator Epic…
