By Jonathan Stempel (Reuters) – Adore Me, an online lingerie retailer recently purchased by Victoria’s Secret, agreed to pay $2.35 million and offer refunds to settle charges by 31 U.S. states and Washington, D.C., that it deceptively marketed its VIP Membership program to consumers. The states said Adore Me made enrollment the default selection when…
By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes. Brent crude gained 94 cents to settle at $76.61 a barrel. U.S. West Texas Intermediate…
(Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it has advised manufacturers that are updating their COVID-19 vaccines to develop monovalent shots to target the XBB.1.5 subvariant. So-called monovalent, or single-target vaccines, would be a change from the most recent bivalent COVID boosters that targeted both the original and Omicron strains…
(Reuters) – U.S. wireless carrier AT&T said on Friday it would close its flagship store in downtown San Francisco, deepening the real estate pain in the once-booming tech hub that has been particularly hard hit by the pandemic. Stores in San Francisco have been closing their doors as they try to cut down on real…
By Chris Prentice NEW YORK (Reuters) – A top U.S. Securities and Exchange Commission (SEC) official on Friday rejected criticism of the regulator’s cryptocurrency crackdown and slammed the sector for violating securities laws. The regulator’s heightened scrutiny of crypto firms comes in response to the industry’s failure to comply with the agency’s regulations, SEC enforcement…
By Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept its ultra-low interest rate policy and forecast that inflation will slow later this year, in contrast with the European Central Bank’s (ECB) rate hike on Thursday. The Japanese unit…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for an export advantage, adding it ended “enhanced analysis” for Switzerland after the country met only one of three manipulation criteria. In its semi-annual currency report, the Treasury said that Switzerland…
(Reuters) – The U.S. Air National Guardsman accused of leaking top-secret military intelligence records online will appear in a federal court in Massachusetts on Wednesday for his arraignment on some of the most serious security breach charges, a court notice showed on Friday. Jack Douglas Teixeira, 21, of North Dighton, Massachusetts, has been indicted on…
By David Carnevali and Mike Stone (Reuters) -Ball Corp, the world’s largest supplier of beer cans, is exploring a sale of its business that provides aerospace and national defense hardware, such as sensors and antennas, for over $5 billion, people familiar with the matter said on Friday. The divestment of the aerospace business, which accounted…
By Kanishka Singh WASHINGTON (Reuters) -U.S. rights groups plan protests next week against Indian Prime Minister Narendra Modi’s state visit to Washington over what they call India’s deteriorating human rights record, even though experts do not expect Washington to be publicly critical of New Delhi. The Indian American Muslim Council, Peace Action, Veterans for Peace…
