By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged….
By Dietrich Knauth (Reuters) -A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging the company’s baby powder and other talc products cause cancer, as it seeks to resolve the litigation in bankruptcy after a federal appeals court found its first attempt improper. At a Tuesday…
By Svea Herbst-Bayliss (Reuters) – Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787.5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. The amount is equivalent to 20 times the $38.3 million the New York-based private equity firm paid…
By Blake Brittain (Reuters) – Unilever’s “I Can’t Believe It’s Not Butter!” spray is governed by different U.S. Food and Drug Administration regulations than butter and similar products, a U.S. appeals court ruled Tuesday, defeating a long-running false advertising class action. A split 9th Circuit Court of Appeals rejected claims that Unilever based its zero-fat,…
(Reuters) -Western Alliance Bancorp on Tuesday posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis, news that boosted its shares and other U.S. regional banks in after-hours trading. The lender said total deposits fell 11.3% to $47.6 billion in the first quarter from the previous three months, but deposits steadied late…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Tuesday said it had reached a settlement with General Motors Co to resolve the department’s allegation that the automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the Detroit-based company will pay $365,000 in civil penalties to the United States, the Justice Department…
By Brendan O’Brien and Tyler Clifford (Reuters) -An Ohio grand jury voted against indicting eight Akron police officers who fatally shot an unarmed Black man last year, the state attorney general said on Monday, as the city prepared for a fresh round of protests against alleged police misconduct. The officers pursued Jayland Walker, 25, on…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices were little changed on Tuesday as upbeat economic data in No. 2 oil consumer China offset concerns that possible increases in U.S. interest rates could dampen growth in the top consuming country. Brent crude settled 1 cent, or 0.01%, higher at $84.77 a barrel, while West Texas…
By Brendan O’Brien (Reuters) -Five people remained in critical condition on Monday after a weekend shooting at a teenage birthday celebration in rural Alabama that left four dead, hospital authorities said. A total of 28 people were injured in Saturday’s shooting at the Mahogany Masterpiece Dance Studio in Dadeville, a community of 3,200 people about…
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear. The Dow and Nasdaq ended with fractional declines on the…
