(Reuters) – A U.S. judge extended on Tuesday a legal shield protecting the Sackler family owners of Purdue Pharma from lawsuits to Feb. 17 as they try to reach a deal with several U.S. states to settle sprawling litigation stemming from the country’s opioid crisis. (Reporting by Tom Hals in Wilmington, Delaware)
By Jeffrey Dastin (Reuters) – When Amazon.com Inc on Thursday reports how it fared during the holiday quarter, a key question will be if the retailer will finally raise the price of Prime, its fast-delivery and media subscription. The company has every reason to do so, analysts say. Amazon had to pay higher wages and…
WASHINGTON (AP) — U.S. employers stepped up their search for workers in December despite the looming impact of the omicron wave of coronavirus infections. The number of posted jobs rose 1.4% to 10.9 million on the last day of December, compared with the previous month, the Labor Department said Tuesday. That is far higher than…
TORONTO (Reuters) – Canadian manufacturing activity expanded at the joint-slowest pace in 11 months in January as material shortages and disruptions from the Omicron coronavirus variant held back output, data showed on Tuesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 56.2 in January from 56.5 in December, matching…
NEW YORK (Reuters) -It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation, such as supply chain issues, are not mitigated, Philadelphia Fed President Patrick Harker said on Tuesday. “Right now, I think four 25-basis-point increases this…
By Kenneth Li (Reuters) – AT&T Inc said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc and also cut its dividend by nearly half. AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive a 0.24 shares of…
Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve. The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final three months of 2021. A year earlier it lost $20.07 billion, or $4.70 per share. Removing certain items, earnings were $2.05 per…
By Alex Lawler LONDON (Reuters) -Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in U.S. inventories. While the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, has been…
(An earlier version misstated the nature of the dividend in paragraph 3.) By Kenneth Li (Reuters) -AT&T Inc said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc and also cut its dividend by nearly half. AT&T shareholders will own 71% of the new…
BERLIN (AP) — German beer sales dropped another 2.2% last year, with the coronavirus pandemic again weighing on brewers after sales tumbled 5.5% in 2020, official figures showed Tuesday. Lockdowns that shut restaurants and bars for parts of the past two years have added to a long-term downward trend fueled by health concerns and other…
