By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since the pandemic, amid high interest rates and sticky inflation, with WeWork being the latest to succumb after grappling with expensive leases and work-from-home trends. There were 34 corporate bankruptcy petitions in November, according to data…
(Reuters) -North American pilots and flight attendants are pushing for better pay and working conditions during their talks over new job contracts with company managements. Members at some unions have voted to authorize a strike if a new contract is not reached. The aggressive stance comes as the U.S. airline industry struggles to boost staff…
By Nathan Gomes (Reuters) -The United Auto Workers (UAW) union expects to go on strike against the Detroit Three automakers later this week if no agreement is reached over new contracts, setting the stage for one of the largest worker actions this year. The current contracts at General Motors, Ford and Chrysler parent Stellantis are…
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured…
(Reuters) – Several Canadian companies and government agencies have stopped advertising on Facebook and Instagram after Meta Platforms decided to stop news access on the apps over a law that requires payments to local news publishers. The “Online News Act”, which was approved by the Canadian parliament and received a royal assent on June 22,…
(Reuters) – Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what has been most aggressive policy-tightening cycle in four decades, but central bank officials caution it is still too soon to make that call. Last week’s quarter-point interest-rate hike brought the Fed’s policy rate to a…
By Sarah N. Lynch (Reuters) – Jack Smith, the U.S. special counsel who on Tuesday filed a second federal criminal indictment against Donald Trump, has a reputation for winning tough cases against war criminals, mobsters and crooked cops. Appointed last November by Attorney General Merrick Garland to take over two Justice Department investigations involving Trump,…
(Reuters) – Here is a list of legal troubles facing former U.S. President Donald Trump, the front-runner for the 2024 Republican presidential nomination. Trump, 77, denies any wrongdoing. JAN. 6 AND THE U.S. CAPITOL ATTACK U.S. Attorney General Merrick Garland is investigating Trump’s role in actions surrounding his loss in the 2020 presidential election that…
(This July 13 story has been corrected to fix the spelling of ‘Kalpana Kotagal’ in paragraph 2) By Daniel Wiessner (Reuters) – The U.S. Senate narrowly confirmed President Joe Biden’s nominee to the agency that enforces workplace bias laws, giving Democrats a majority on the five-member panel that would allow it to enforce pro-worker polices…
(This July 12 story has been refiled to add a dropped letter in paragraph 1) By Sarah N. Lynch WASHINGTON (Reuters) – FBI Director Chris Wray rejected Republicans’ wide-ranging criticism at a congressional hearing on Wednesday that targeted everything from the bureau’s handling of a probe into Hunter Biden to claims it encouraged social media…