(Reuters) – BNSF Railway and the engineers union on Tuesday reached a tentative agreement on paid sick leave and improvements in work schedules for the freight railway giant’s locomotive engineers. The tentative agreement includes up to eight paid sick leave days and grants access to scheduled time off, BNSF Railway and the Brotherhood of Locomotive…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell to the lowest level in more than two years in June, but remained at levels consistent with tight labor market conditions, which could spur the Federal Reserve to keep interest rates elevated for some time. Labor market resilience was underscored by the third straight monthly…
By Rajesh Kumar Singh and Kannaki Deka CHICAGO (Reuters) – JetBlue Airways on Tuesday slashed its full-year profit forecast, citing a hit from the termination of its alliance with American Airlines and a shift in travel demand away from domestic trips to long-haul international destinations. The New-York based carrier said its operations are also suffering…
MEXICO CITY (Reuters) – Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before but dampened in real terms by the sharp appreciation of the peso against the dollar. June remittances — money sent home from Mexican workers abroad — were 8.3% higher than a year ago, data…
By Katherine Masters NEW YORK (Reuters) – Retailers such as Macy’s and Columbia Sportswear are expanding their use of “breathable” and “cooling” fabrics in a bid to boost sales as record-high temperatures drive demand for clothing that can help consumers beat the heat. Other major companies, including VF Corp and Permira-owned Reformation, are also touting…
By Jonathan Stempel NEW YORK (Reuters) -A long-running federal insider trading case based on leaks about planned changes to Medicare reimbursement rates will likely end with no convictions, after the remaining defendants agreed to enter deferred prosecution agreements. Theodore Huber and Robert Olan, who were partners at the hedge fund Deerfield Management, and David Blaszczak,…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) opened a preliminary evaluation after it received 12 complaints from owners of…
KYIV (Reuters) -Ukraine expects its economy to grow by about 5% next year, driven by investment in reconstruction and stronger consumer demand, a senior Economy Ministry official said on Tuesday. The ministry expects gross domestic product to grow by around 2.8% this year, said Natalia Horshkova, head of the ministry’s department for strategic planning and…
(Reuters) – Meta Platforms is preparing to launch a range of artificial intelligence (AI) powered chatbots that exhibit different personalities as soon as September, the Financial Times reported on Tuesday. Meta has been designing prototypes for chatbots that can have humanlike discussions with its users, as the company attempts to boost its engagement with its…
By Mariam Sunny (Reuters) -Zimmer Biomet Holdings on Tuesday raised its full-year profit forecast after beating second-quarter estimates on demand for its medical devices but shares fell more than 5% as investors focused on the company’s comments for 2024. Expectations were high heading into the results following strong reports from Abbott Laboratories and Johnson &…
