STOCKHOLM (Reuters) – Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from U.S. authorities for the breach of a settlement reach[...]
Read more
January 12, 2023
Amazon workers’ union victory upheld by U.S. labor board director
By Jeffrey Dastin (Reuters) -A U.S. labor board director has upheld Amazon.com Inc workers’ landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing[...]
Read more
Explainer-Washington creeps toward a debt catastrophe, again
By Jason Lange WASHINGTON (Reuters) – An expected showdown between President Joe Biden’s Democrats and a newly minted Republican majority in the U.S. House of Representatives over the debt[...]
Read more
U.S. securities regulator lists April for climate rule action
By Ross Kerber (Reuters) – The top U.S. securities regulator has cited April as the release date for a long-anticipated rule on companies’ climate-related disclosures, according to a recen[...]
Read more
New pilot contracts to drive up costs at U.S. airlines
By Aishwarya Nair and Kannaki Deka (Reuters) – U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a[...]
Read more
RBC’s City National Bank settles U.S. redlining claims in Los Angeles
By Jonathan Stempel (Reuters) -City National Bank, a unit of Royal Bank of Canada, agreed to commit more than $31 million to boost lending to Black and Hispanic home buyers in the Los Angeles area, in[...]
Read more
Fed’s Bullard says latest inflation data step in right direction
(Reuters) – The U.S. economy is primed for disinflation this year but the path back to the Federal Reserve’s 2% target will be bumpy and require interest rates to remain higher for longer,[...]
Read more
‘I didn’t steal funds,’ Sam Bankman-Fried says in unusual post-arrest blog post
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in a highly unusual[...]
Read more
Brazil making ‘atypical’ soy sales to Argentina, Anec says
By Ana Mano and Roberto Samora SAO PAULO (Reuters) -A Brazilian trade group representing global grain merchants on Thursday confirmed “atypical” sales of Brazilian soybeans to Argentina af[...]
Read more