By Catarina Demony (Reuters) – Representatives from various African and Caribbean entities joined forces at a historic event this week in the capital of Barbados, Bridgetown, to demand reparations for slavery and its legacy in today’s society. The University of the West Indies (UWI), the Economic, Social and Cultural Council of the African Union (AU),…
By Jonathan Stempel (Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in Miami said consumer Amanda Ramirez lacked standing to pursue the proposed…
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child’s summer swimming classes. “The cut is severely affecting my life in every aspect,” said Yao. The unexpected…
By Nellie Peyton (Reuters) – Niger’s regional and international partners are scrambling to respond to a military coup which political analysts say could have grave consequences for democratic progress and the fight against an insurgency by jihadist militants in West Africa. Here is what is at stake. ‘ONLY HOPE’ FOR STABILITY IN SAHEL Niger became…
By Max A. Cherney, Chavi Mehta and Stephen Nellis (Reuters) -Chipmaker Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast third-quarter earnings above Wall Street expectations, sending its shares up about 6%. The market for personal computers has tumbled over the past year, with inventory piling…
By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ pilots union on Thursday said it has reached an agreement in principle with the company on enhancements to a new labor contract that would bring it in line with the gains for aviators at rival United Airlines. The union had asked for improvements to the tentative contract…
(Reuters) -Mondelez International on Thursday raised its full-year growth forecasts for the second time this year, helped by robust demand for the Oreo maker’s snacks and chocolates despite several rounds of price increases. Shares of the Cadbury chocolate maker rose 2.7% in after-hours trading as it also beat estimates for the second quarter. Major packaged-food…
By Carolina Mandl and Herbert Lash (Reuters) – U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping the longest winning streak for the Dow since 1987. The Nikkei newspaper reported the central bank will maintain its 0.5% cap for…
(Reuters) – SIGA Technologies Inc on Thursday said it has won a new contract for its antiviral drug, Tpoxx, from the U.S. Department of Health and Human Services, sending the company’s shares up about 20% after the bell. The order is for delivery of about $113 million worth of oral Tpoxx treatment courses and about…
By Jonathan Allen (Reuters) -The U.S. Department of Justice’s Civil Rights Division has opened an investigation into whether the Memphis Police Department has an unconstitutional “pattern or practice” of using excessive force and racial discrimination, department officials announced on Thursday. Earlier this year, the Justice Department agreed to join city officials and other agencies in…
