By Doyinsola Oladipo NEW YORK (Reuters) -The State of Texas and Marriott International Inc on Tuesday entered a voluntary agreement to prominently display all “resort fees” and to increase price transparency in its advertisements and booking process. Texas Attorney General Ken Paxton alleges that hotel companies are engaging in fraudulent and anti-competitive practices by misleading…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling negotiations in Washington dampened investor risk appetite. While all three major U.S. stock indexes ended down, the tech-heavy Nasdaq’s losses were held in check…
By Blake Brittain (Reuters) – A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc on Tuesday defeated a request by the University of California for a U.S. appeals court to block imports of light bulbs that allegedly infringe its patents. The U.S. Court of Appeals for the Federal Circuit…
(This May 15 story has been corrected to say ‘million,’ not ‘billion,’ in paragraph 8) By Carolina Mandl SAO PAULO (Reuters) – Bridgewater Associates, one of the world’s largest hedge funds, sold U.S. bank stocks in the first quarter as the collapse of regional lenders rattled investors, according to regulatory filings. The firm, founded by…
By Leah Douglas WASHINGTON (Reuters) -Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy projects, funded by the $430 billion Inflation Reduction Act signed into law last August, the Biden administration said on Tuesday. Expanding clean energy to rural…
By Blake Brittain (Reuters) -Yum Brands Inc’ Taco Bell Corp on Tuesday asked the U.S. Trademark Office to cancel two smaller rivals’ “Taco Tuesday” trademarks in what the largest Mexican fast-food chain in the U.S. called a bid to “liberate the phrase for restaurants nationwide.” Taco Bell’s petitions said the trademarks, owned by Gregory’s Restaurant…
By Brendan O’Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc’s Mexican retail bank Citibanamex are “going really well” and the government is upbeat about conglomerate Grupo Mexico’s possible purchase, President Andres Manuel Lopez Obrador said Tuesday. Lopez Obrador said the mining and transport conglomerate remains one of the possible buyers of the…
By Dietrich Knauth NEW YORK (Reuters) – Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc products cause cancer. J&J subsidiary LTL Management filed a bankruptcy plan in New Jersey late…
WASHINGTON (Reuters) -President Joe Biden said on Tuesday he has vetoed legislation passed by the U.S. Congress that would repeal exemptions on American tariffs on imported solar panels from four Southeast Asian nations. The waivers for duties on panels made in Malaysia, Cambodia, Vietnam and Thailand, granted by Biden in June 2022, are set to…
By David Lawder WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration was “extremely focused” on reaching a “green steel” arrangement with the European Union and other partners that disadvantages carbon-intensive steel from China and elsewhere. Raimondo told an American Iron and Steel Institute conference in Washington that she was…
