By Steven Grattan SAO PAULO (Reuters) – On their tenth day at sea, the four Nigerian stowaways crossing the Atlantic in a tiny space above the rudder of a cargo ship ran out of food and drink. They survived another four days, according to their account, by drinking the sea water crashing just meters below…
By Jonathan Stempel NEW YORK (Reuters) – LensCrafters agreed to pay $39 million to settle a lawsuit by prescription eyeglass customers who accused the eyewear chain of misleading them about how well its Accufit technology could measure their eyes. A preliminary settlement of the nearly six-year-old class- action lawsuit was filed on Monday night in…
By Nichola Groom and Valerie Volcovici WASHINGTON (Reuters) -The top U.S. utility lobby group intends to push back against the Biden administration’s proposals requiring upgrades to existing natural gas-fired power plants to curb climate-warming emissions, two sources familiar with the matter said. Resistance from the Edison Electric Institute (EEI), which represents investor-owned utilities that serve…
By Stephanie Kelly NEW YORK (Reuters) -U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major year-on-year drop in the price of natural gas liquids, which affected margins, the company said on Tuesday. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter…
By Michael Erman and Leroy Leo (Reuters) -Merck & Co raised its full-year revenue forecast on Tuesday as second-quarter sales of its top-selling products, cancer immunotherapy Keytruda and human papillomavirus (HPV) vaccine Gardasil, sailed past Wall Street estimates. Merck said Keytruda sales for the quarter jumped 19% to $6.3 billion, surpassing analysts’ average estimate of…
MOSCOW (Reuters) -A high-rise building in Moscow’s business district that houses three Russian government ministries was struck by a drone for the second time in three days on Tuesday, in what Russia called an attempted Ukrainian “terrorist attack”. A Ukrainian presidential adviser said Moscow should expect more drone attacks and “more war”. The building that…
By Siddarth S (Reuters) -Toronto stocks started August on a dismal note, weighed by losses in materials and energy shares on weak commodity prices, while traders assessed Canada’s July manufacturing sector data. At 10:17 a.m. ET (1417 GMT) on Tuesday, the Toronto Stock Exchange’s S&P/TSX composite index was down 84.12 points, or 0.41%, at 20,542.52….
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) -Global factory activity remained in a slump in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy, though the picture in the Americas was notably less bleak than elsewhere. The downturn highlighted…
By Daniel Wiessner (Reuters) – X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge to dismiss one of several lawsuits claiming they failed to pay promised severance to laid-off employees. X, in a filing in Wilmington, Delaware federal court on Monday, said six former…
WASHINGTON (Reuters) – U.S. construction spending increased solidly in June and the prior month’s data was revised higher, boosted by outlays in both single and multifamily housing projects. The Commerce Department said on Tuesday that construction spending rose 0.5%. Data for May was revised higher to show construction spending surging 1.1% instead of 0.9% as…
