(Reuters) – Whirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing machines in North America – its largest market. Whirlpool, like many consumer products makers, has had to raise prices to combat higher raw material costs and supply chain pressures. These…
By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc is diverting pigs from a Nebraska processing plant after a weekend fire kept the facility closed on Monday, the company and fire officials said. Shipping pigs to other plants seeks to avoid disruptions to U.S. pork production and backing up hogs on farms while Tyson works…
By Deborah Mary Sophia and Bansari Mayur Kamdar (Reuters) -Shares of Bed Bath & Beyond Inc plunged about 25% on Monday after the home goods retailer’s long fight to save its business ended in bankruptcy. The once high-flying company filed for bankruptcy protection on Sunday and said it had launched a liquidation sale after failing…
By Tatiana Bautzer NEW YORK (Reuters) -Climate protesters spray painted graffiti on Citigroup Inc and Bank of America Corp. offices in New York’s Bryant Park on Monday, accusing the banks of being “climate criminals” a day before the lenders are scheduled to hold their annual shareholder meetings. “The largest banks in the world invest hundreds…
By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store. Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator Epic…
By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq and U.S. Treasury yields dipping as investors braced for a week of high-profile quarterly earnings and closely watched economic data. The benchmark S&P 500 and the Dow ended the session…
By Andrew Goudsward (Reuters) -A U.S. prosecutor on Monday said leaders of the Proud Boys were “thirsting for violence and organizing for action” ahead of the Jan. 6, 2021, attack on the U.S. Capitol, as the criminal trial of five members of the far-right group neared its conclusion. Assistant U.S. Attorney Conor Mulroe told a…
(Reuters) – UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment banking presence. Switzerland-based UBS, which has been lagging peers in the United States, said it hired Marco Valla, Jeff Hinton and Kurt Anthony from Barclays for its global banking teams…
By Sharon Bernstein (Reuters) – Abortion rights supporters expressed relief on Friday after the U.S. Supreme Court preserved access to a widely used abortion pill but warned of a long fight ahead as a legal challenge to the medication continues. The move by the court to halt new restrictions on the drug set by lower…
By Andrew Goudsward WASHINGTON (Reuters) – When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies like artificial intelligence chatbot ChatGPT. The justices are due to rule by the end of June whether Alphabet Inc’s YouTube…
