Category Archives:
Volkswagen in $242 million UK ‘dieselgate’ settlement
LONDON (Reuters) -Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal, litigation funder Theriu...
May 25, 2022
Fed minutes may shape debate over what follows June, July rate hikes
WASHINGTON (Reuters) - The Federal Reserve's May 3-4 policy meeting ended with a half-percentage-point rate increase and what Chair Jerome Powell has termed a "broad sense" that similar increases woul...
May 25, 2022
Kate Moss testifies in support of Johnny Depp in defamation case
By Lisa Richwine (Reuters) - British model Kate Moss briefly took the witness stand in the defamation battle between actors Johnny Depp and Amber Heard on Wednesday as his attorneys tried to convince ...
May 25, 2022
Retail inflows at nearly all-time high despite market turbulence
(Reuters) - Individual investors are buying stocks at a pace akin to the 2021 meme-stock frenzy even as the returns on retail investments sit at multi-year lows amid a widespread sell-off on concerns ...
May 25, 2022
U.S. luxury retailers lean on affluent customers to avoid inflation pain
By Mehr Bedi and Aishwarya Venugopal (Reuters) - Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary...
May 25, 2022
Ethiopian Airlines discloses order for five Boeing 777 freighters
(Reuters) - Ethiopian Airlines on Wednesday disclosed it was the unidentified carrier which had placed an order for five of Boeing Co's 777 freighters, confirming a Reuters report from March. The airl...
May 25, 2022
Global stocks set for partial, lackluster and uneven recovery- Reuters poll
By Hari Kishan BENGALURU (Reuters) - Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled...
May 25, 2022
Exclusive-Kohl’s braces for bidders revising down offers -sources
By Svea Herbst-Bayliss BOSTON (Reuters) - Bidders competing to acquire Kohl's Corp are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to refl...
May 25, 2022
JPM goes ‘underweight’ on alternative investments after they lose 10% this year
(Reuters) - Analysts at J.P. Morgan turned negative on alternative investments as they expect lower returns for the asset group compared to traditional assets. The brokerage downgraded alternatives to...
May 25, 2022
Teva, Allergan reach $161.5 million opioid settlement with West Virginia
By Dietrich Knauth (Reuters) -Teva Pharmaceutical Industries and AbbVie's Allergan unit reached a settlement worth $161.5 million to resolve claims the companies fueled an opioid epidemic in West Virg...
May 25, 2022
Peoria, IL, USA
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