By Arriana McLymore and Katherine Masters NEW YORK (Reuters) -Amazon.com Inc isn’t the only U.S. retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart and Best Buy to specialty retailers like Savage X Fenty and Adore Me, retailers’ subscription programs are facing growing scrutiny. Many collect monthly fees from…
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to look for something equally precious – workers. Labour shortages are an urgent topic at this week’s Paris Airshow, with gaps in the workforce…
By Lisa Baertlein and Bianca Flowers (Reuters) – Workers at aerospace supplier Spirit AeroSystems were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain…
By Joseph Ax and Steve Gorman (Reuters) -A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a “catastrophic implosion” that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. A robotic diving vehicle deployed…
By Brad Brooks and Daniel Trotta (Reuters) – The first fatal accident aboard a deep-sea tourist submersible is certain to raise calls for additional safety regulations, but industry experts say any new measures may be impossible to enforce given the international nature of the business. Moreover, they say the tragedy of the Titan submersible that…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost…
By Pratima Desai and Clara Denina LONDON (Reuters) -Newmont has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the U.S.-listed miner told Reuters, citing strike action as a constraint on output. Peñasquito is a major producer of zinc and lead, as well as gold. In a February outlook,…
(Reuters) -The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday. The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people familiar…
By Jonathan Stempel NEW YORK (Reuters) – Jeffrey Epstein’s victims have formally asked a U.S. judge to preliminarily approve JPMorgan Chase’s $290 million settlement to resolve claims that the largest U.S. bank turned a blind eye to the disgraced financier’s sexual abuses. Lawyers for the victims said in a Thursday night filing in Manhattan federal…
(Reuters) -Former U.S. Representative Will Hurd on Thursday announced he would run for president, joining a growing list of Republicans seeking to unseat Democratic President Joe Biden in the November 2024 election. Here are some of the candidates in both the Democratic and Republican parties. REPUBLICAN PARTY DONALD TRUMP Trump, 77, announced his election campaign…
