Byron Allen sues McDonald’s for allegedly lying about commitment to Black media
By Jonathan Stempel (Reuters) -The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food…
Business
Devon Energy tops profit estimates on strong demand, boosts share buyback
(Reuters) -Shale oil producer Devon Energy on Monday topped Wall Street estimates for first-quarter profit on high demand for crude…
Western Digital Corp sees weak fourth quarter on slower recovery for memory chips
(Reuters) – Memory chip firm Western Digital Corp forecast fourth-quarter revenue below Wall Street estimates and a bigger current-quarter loss,…
US judge temporarily suspends six creditors from joining Citgo auction
By Marianna Parraga HOUSTON (Reuters) – A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies…
U.S. Senate committee to vote on bipartisan rail safety bill
WASHINGTON (Reuters) -The U.S. Senate Commerce Committee on Wednesday will vote on sweeping bipartisan rail safety legislation prompted by a…
Crypto stocks drop after Binance halts bitcoin withdrawals for hours
By Jaiveer Shekhawat (Reuters) -Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted…
EU draft Data Act puts trade secrets at risk, Siemens, SAP say
By Foo Yun Chee BRUSSELS (Reuters) – German business software maker SAP and German engineering company Siemens have joined U.S….
Banks tighten credit terms, see loan demand drop, Fed survey shows
By Howard Schneider and Ann Saphir (Reuters) -Credit conditions for U.S. business and households continued tightening in the first months…
Yellen is calling CEOs personally to warn on US debt ceiling -sources
By Andrea Shalal WASHINGTON (Reuters) – Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to…
US consumers’ inflation expectations mixed in April, NY Fed report shows
By Michael S. Derby (Reuters) – U.S. consumers said last month they expected slightly lower inflation in a year’s time,…