By Brendan Pierson (Reuters) -A lawyer for San Francisco’s public school system on Monday kicked off a long-awaited trial against Altria Group Inc, saying the tobacco giant helped e-cigarette company Juul Labs Inc create a “crisis” of vaping addiction among teenagers. “This case is about Altria, the largest cigarette company in our country, who helped…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on…
By Dietrich Knauth (Reuters) -Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying the company is abusing the bankruptcy system in its renewed attempt to resolve tens of thousands of lawsuits alleging that J&J’s baby powder and other talc products caused cancer. The J&J subsidiary,…
By Rich McKay (Reuters) – The former Minneapolis-area police officer convicted of killing Daunte Wright was released from prison on Monday after serving part of her sentence for the fatal shooting that took place while another white officer was on trial for George Floyd’s murder in a nearby courtroom. Kimberly Potter, now 50, was found…
By Laura Sanicola (Reuters) -Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil importer. Brent crude settled up $1.07, or 1.3%, at $82.73 a barrel while U.S. West Texas Intermediate crude settled up 89 cents, or 1.1%, at…
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default,…
By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and Assa Abloy, the world’s biggest lockmaker, began arguments Monday in a fight over whether the Swedish company can go forward with a $4.3-billion deal to buy a division of Wisconsin-based Spectrum Brands Holdings Inc that makes residential door locks. Speaking for the government, Matthew Huppert…
By Ross Kerber (Reuters) – U.S. political battles over corporate sustainability are turning hotter this spring as aggressive Republican statehouse efforts face increasing pushback from businesses and pension funds looking to account for climate change and protect returns. Dozens of Republican-sponsored bills aim to free fossil fuel companies from climate-driven constraints adopted by some Wall…
By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it…
