Abbott Labs is sued over PediaSure height claims
By Jonathan Stempel NEW YORK (Reuters) -A New York City woman sued Abbott Laboratories on Monday, accusing the healthcare company…
May 15, 2023
US banking regulators open to mergers, but vow tougher rules
By Pete Schroeder WASHINGTON (Reuters) -Top U.S. banking regulators plan to tell lawmakers the government will be open to future…
Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management…
Fed’s Barkin not yet convinced inflation heading steadily lower
By Howard Schneider AMELIA ISLAND, Florida (Reuters) -Richmond Federal Reserve President Thomas Barkin on Monday said he is not convinced…
Fire protection company Kidde-Fenwal files for bankruptcy citing PFAS lawsuits
By Dietrich Knauth (Reuters) – Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed…
G7 to show unity on China approach while recognizing individual ties -US officials
By Steve Holland and David Brunnstrom WASHINGTON (Reuters) – The G7 summit U.S. President Joe Biden attends in Japan this…
Fed officials expect interest rates to remain high, possibly rise
By Ann Saphir and Howard Schneider -U.S. central bankers on Monday signaled they see interest rates staying high and, if…
EV Startup Arrival’s Cash And Equivalents Slump At End Of First Quarter
(Reuters) – British electric vehicle start-up Arrival SA said on Monday it had $130 million in cash and cash equivalents…
Anti-inflation fight may spur recession, investment opportunities -BlackRock
NEW YORK (Reuters) – Central bank efforts to tame inflation could spark a recession and market selloff that later this…
Elon Musk loses bid to end SEC ‘muzzle’ over tweets
By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Monday rejected Elon Musk’s bid to modify or end…