By Jonathan Stempel (Reuters) -A high-profile lawsuit by a California woman who claimed that Subway’s tuna products contain ingredients other than tuna has been dismissed. The chain, with nearly 37,000 restaurants in more than 100 countries, and the plaintiff Nilima Amin have “come to agreement regarding dismissing the case with prejudice,” meaning it cannot be…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate passed a sweeping bill setting policy for the Department of Defense on Thursday, setting up a showdown with legislation passed by the Republican-led House of Representatives with “culture war” amendments eliminating abortion rights and diversity protections. The Democratic-controlled Senate passed its version of the National Defense Authorization…
By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale’s strategy to unlock more value from its nickel and copper assets,…
By Noel Randewich (Reuters) – The Dow Jones Industrial Average was on the verge of ending its longest winning streak in 36 years on Thursday, successive gains showing that Wall Street’s tech-driven rally is broadening to include a wider chunk of the stock market. The Dow closed higher for 13 straight sessions through Wednesday, its…
By Samrhitha A (Reuters) -T-Mobile US topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. The U.S. wireless carrier has been taking the lion’s share of subscribers in the last three quarters, thanks to its discounted…
By Arathy Somasekhar HOUSTON (Reuters) – Oilfield service providers on Thursday signaled a recovery in rig count, an indicator of future production, later this year, citing an uptick in oil and gas prices. U.S. shale producers slashed drilling and well completions in the second quarter, cutting demand for equipment and services. However, with U.S. crude…
By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) – Core inflation in Japan’s capital slowed in July but remained well above the central bank’s 2% target, data showed on Friday, keeping pressure on policymakers to dial back ultra-loose monetary policy. The data for Tokyo, which is seen as a leading indicator of nationwide trends, comes…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – President Joe Biden’s administration on Thursday asked the U.S. Supreme Court to reinstate a regulation aimed at reining in so-called ghost guns, or privately made firearms that are difficult for law enforcement to trace, after it was struck down by a lower court. The administration asked…
By Chiara Elisei LONDON (Reuters) – Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by Janus Henderson Investors said on Friday. Indicators such as debt loads, access to capital markets, cash flow and earnings continued to…
SEOUL (Reuters) – South Korea’s factory production fell more than expected in June, official data showed on Friday, as automobile and petroleum production dropped. The industrial output index fell 1.0% in June on a seasonally adjusted monthly basis, after a 3.0% jump in May, according to Statistics Korea. It was faster than the 0.3% fall…
