By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Estee Lauder forecast annual sales and profit below estimates on Friday, indicating a slower-than-expected rebound in its travel retail business, mainly in Asia, and waning demand in the United States, sending its shares down about 3%. Major global companies have taken a cautious stance on their China…
By Nichola Groom (Reuters) -The United States on Friday finalized a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official. The decision, which largely mirrors a preliminary finding the agency made in December, was…
By Arunima Kumar and Arshreet Singh (Reuters) -Hawaiian Electric Industries shares rose more than 10% on Friday, recovering some of their recent sharp losses after the utility said it is not looking to restructure but that it is seeking expert advice amid questions over its role in the Maui wildfires. The company did not clearly…
(Reuters) – The U.S. Food and Drug Administration (FDA) staff reviewers said on Friday they found no safety and effectiveness issues with devices made by Otsuka Holdings and rival Medtronic Plc for use in a blood pressure treatment surgery. The FDA staff’s assessment comes ahead of meetings of two independent expert panels next week, where…
By Deena Beasley (Reuters) – U.S. Centers for Disease Control and Prevention said on Thursday that it was tracking a new, highly mutated lineage of the virus that causes COVID-19. The lineage is named BA.2.86, and has been detected in the United States, Denmark and Israel, the CDC said in a post on messaging platform…
(Reuters) -U.S. Steel said on Thursday that its labor agreement with United Steel Workers (USW) does not afford the union the right to veto a sale of the company that may arise from its recently announced strategic review. U.S. Steel’s statement came after USW said this week it would only back Cleveland-Cliffs Inc as a…
(Reuters) -The Federal Aviation Administration said on Friday it will require some users of Pratt & Whitney’s geared turbofan engine to conduct inspections within 30 days to prevent a part failure that could damage the airplane. Pratt & Whitney parent RTX Corp announced in July that a “rare condition” in powdered metal meant 1,200 of…
By John Geddie (Reuters) – British police are investigating Myanmar’s former ambassador to the United Kingdom for trespassing on a diplomatic residence in London that he has refused to leave since being ousted for opposing Myanmar’s 2021 military coup, his lawyer told Reuters. Kyaw Zwar Minn was locked out of his embassy a few months…
WASHINGTON (Reuters) – Ukrainian forces do not appear likely to reach and retake the Russian-occupied strategic southeastern city of Melitopol during their counteroffensive aimed at winning back territory from Moscow’s army, a U.S. official said on Friday. The Ukrainian military on Thursday said it had made gains on the southeastern front, pushing forward from a…
By Nate Raymond BOSTON (Reuters) – The Oscar-winning actor Susan Sarandon has taken a construction firm to court over what she calls “extensive problems” at a $2 million home she built in Vermont and where she planned to spend her retirement. Buckled siding, missing insulation, mold and an unfinished primary bedroom ceiling are among 47…
