NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the previous quarter, data from treasury and financial management firm Kyriba showed on Thursday. The collective exchange-rate hit, including on companies in the United States, Canada and Mexico, was $28.94 billion…
(Reuters) – The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive Inc’s recalled ‘Tread+’ treadmill. The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident….
By Jonathan Stempel (Reuters) – Google will pay Washington state $39.9 million to resolve a lawsuit accusing the Alphabet Inc unit of misleading consumers about its location tracking practices, state Attorney General Bob Ferguson said on Thursday. The settlement resolves claims that Google deceived people into believing they controlled how the search and advertising company…
By Aishwarya Venugopal (Reuters) – Lower input costs and inventories, as well as extended price hikes are pushing a quicker-than-expected recovery in margins at U.S. consumer-facing firms including PepsiCo, Kraft Heinz, and Target, their recent earnings reports indicated. Investors have zeroed in on gross margins, that faltered in the past several quarters, as high inflation…
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer said on Thursday that lawmakers from his chamber should be ready to return to Washington on 24-hours notice during next week’s recess, as debt ceiling talks make progress toward a possible deal to avoid default. (Reporting by David Morgan; Editing by Chris Reese)
By Helen Coster NEW YORK (Reuters) – CNN is getting more Republicans on the air as it seeks political diversity, the chief executive of parent company Warner Bros Discovery said on Thursday, adding he and CNN chief Chris Licht have told Republicans “they’re not going to get one more vote on Fox News.” “Our view…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, with applications in Massachusetts decreasing sharply, suggesting the labor market remains tight. The steep decline in weekly jobless claims reported by the Labor Department on Thursday reversed the surge in the prior week,…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday sidestepped a challenge to federal protections for internet and social media companies that free them of liability for content posted by users in a case involving a lawsuit against Google LLC involving the practices of video-sharing platform YouTube. The justices, in a brief and…
By Tiyashi Datta and Aditya Soni (Reuters) – Popular titles from Electronic Arts-owned “FIFA” to Activision Blizzard’s “Call of Duty” are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth. Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarter for the…
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an initial agreement to revive its program with the International Monetary Fund. The IMF said it reached a staff-level agreement with Suriname on the…
