By Ross Kerber (Reuters) – Investors including well-known activist John Chevedden filed a shareholder resolution calling on Fox Corp to study using on-air branding to distinguish its news and opinion programming. The resolution meant for the media company’s annual meeting, traditionally held in the fall, cites its recent $787.5 million settlement of a defamation lawsuit…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Purdue Pharma received a U.S. judge’s permission on Tuesday to sell its consumer health business for $397 million to a subsidiary of Arcadia Consumer Healthcare. U.S. Bankruptcy Judge Sean Lane approved Purdue’s sale of Avrio Health at a hearing in White Plains, New York, allowing Purdue to…
By Daniel Wiessner (Reuters) – Lawyers for abortion pill maker GenBioPro Inc on Tuesday urged a West Virginia federal judge to allow them to proceed with their challenge to the state’s near-total abortion ban, claiming it is invalid because it interferes with the federal government’s approval of mifepristone. U.S. District Judge Robert Chambers at a…
By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street stocks finished sharply lower on Tuesday and short-term Treasury yields shot up as investor jitters grew over a lack of progress in U.S. debt limit talks. Representatives of U.S. President Joe Biden and congressional Republicans ended another round of debt ceiling talks on…
By Guy Faulconbridge MOSCOW (Reuters) – Yevgeny Prigozhin on Saturday delivered Vladimir Putin one of the few battlefield victories of the president’s 15-month war in Ukraine. Even then, Russia’s most powerful mercenary could not resist breaking the taboos of Putin’s tightly controlled political system. Holding a Russian flag and with an automatic weapon slung over…
By Nandita Bose WASHINGTON (Reuters) – The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to change the nature of work. The White House will hold a listening session with workers to understand…
By Caroline Valetkevitch NEW YORK (Reuters) -Shares of U.S. mid-cap retailers mostly eased on Tuesday as the latest batch of quarterly results included reports from BJ’s Wholesale Club Holdings and other companies that provided more disappointments for the industry. Shares of BJ’s closed down 7.3% after the company reported quarterly revenue that missed analysts’ expectations….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An expected interest rate hike in New Zealand will be the main regional focus for Asian and Pacific markets on Wednesday, as another day without agreement in Washington over the U.S. debt ceiling looks certain to sour global…
By David Shepardson WASHINGTON (Reuters) -The Justice Department on Tuesday asked an appeals court panel to vacate an April 2021 ruling that had declared unlawful a government order requiring masks on airplanes and other transportation modes during the COVID-19 pandemic, saying the issue was now moot because the national emergency was now over. In January,…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador’s administration is studying the possibility of buying a majority of shares in Citigroup’s local retail unit known as Banamex, according to a government statement published on Tuesday. Buying it would be “good business,” Lopez Obrador said in a press conference earlier, when asked about rumors…
