By John Shiffman and Joshua Schneyer WASHINGTON (Reuters) – Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The start[...]
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December 29, 2023
Airlines urge US to do more to address flight delays
By David Shepardson WASHINGTON (Reuters) -A group representing major passenger airlines on Friday urged U.S. transportation officials to do more to address the impact of private planes and air traffic[...]
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Hershey is sued over lack of artistic detail on Reese’s candies
By Jonathan Stempel (Reuters) – Hershey has been sued by a Florida woman who said its holiday-themed Reese’s peanut butter candies lack the artistic details shown on the packaging that mak[...]
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Egg producer Cal-Maine to buy Tyson’s chicken plant in Missouri
(Reuters) – Egg producer Cal-Maine Foods said on Friday it had agreed to acquire a recently shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods. Ty[...]
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Can sizzling Magnificent Seven trade keep powering US stocks in 2024?
By Lewis Krauskopf NEW YORK (Reuters) -As a strong year in U.S. stocks comes to a close, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology[...]
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JD.com wins antimonopoly lawsuit against Alibaba
BEIJING (Reuters) -Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High Peop[...]
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Oil prices shed 10% in 2023 as supply, demand concerns weigh
By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around[...]
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Shares dip to cap stellar year; Treasuries end volatile 2023 flat
By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since 2019, while U.S. Treasuries finished the year[...]
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Judge certifies Johnson & Johnson shareholder class action over talc disclosures
By Jonathan Stempel NEW YORK (Reuters) -A federal judge said Johnson & Johnson shareholders may pursue as a class action their lawsuit accusing the company of fraudulently concealing how its talc[...]
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