Abbott, baby formula makers face FTC probe for potential collusion
(Reuters) -The U.S. Federal Trade Commission (FTC) is probing whether Abbott Laboratories and other companies that make baby formula colluded…
Business
OpenAI may leave the EU if regulations bite – CEO
LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could…
South Korea producer inflation slows to 27-month low in April
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and…
Telecom servicer QualTek enters bankruptcy to cut $307 million debt
By Dietrich Knauth (Reuters) – Telecommunications and power contractor QualTek Services Inc filed for bankruptcy on Wednesday, armed with a…
Dollar gains on resilient U.S. economy, flight to safety
By Herbert Lash NEW YORK (Reuters) -The dollar hit a fresh two-month high against a basket of peers on Wednesday,…
Stalled US debt talks, inflation woes hit stocks
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks…
First Solar takes Toledo Solar to court over ‘false representation’
(Reuters) – First Solar Inc said on Wednesday it had filed a complaint against Toledo Solar in an Ohio district…
US prosecutors probe trading by First Republic’s former employees – Bloomberg Law
(Reuters) – U.S. prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse,…
Canada’s BMO, Scotiabank miss profit estimates; shares fall
By Nivedita Balu (Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday missed quarterly profit estimates as…
Change in tone in U.S. debt talks could prompt rating action before default -Moody’s
By Davide Barbuscia NEW YORK (Reuters) – Rating agency Moody’s expects the U.S. government will continue to pay its debts…