Business News

PARIS (Reuters) – Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and …

By Jeff Mason, Heather Timmons and Ben Klayman WASHINGTON/TOLEDO, Ohio (Reuters) -U.S. President Joe Biden will travel to Michigan on Tuesday to show support for the United Auto Workers’ strike …

By David Shepardson and Joseph White DETROIT (Reuters) -The United Auto Workers expanded its strikes against Detroit automakers General Motors and Chrysler parent Stellantis, but kept its Ford walkout limited …

By Kanishka Singh WASHINGTON (Reuters) – The United Auto Workers (UAW) union has filed a labor complaint against Republican presidential candidate and U.S. Senator Tim Scott after his suggestion that …

(Reuters) -The U.S. Equal Employment Opportunity Commission (EEOC) on Friday said it sued United Parcel Service for disability discrimination, alleging the delivery firm refused to hire deaf or hearing-impaired individuals …

By Stephen Culp NEW YORK (Reuters) – Wall Street see-sawed to a lower close on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors …

(Reuters) – Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall …

(Reuters) -Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle’s proxy statement filed on Friday. Oracle also invested $400 million in …

By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Friday called for meaningful progress in making changes to the World Trade Organization by a ministerial meeting in February, …

SAO PAULO (Reuters) – Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the …

(Reuters) – Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its …

(Reuters) – Fox Corp’s former chairman Rupert Murdoch’s total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday. The media mogul stepped down …

By Savyata Mishra (Reuters) -McDonald’s is raising royalty fees for new franchise restaurants in the U.S. and Canada for the first time in nearly three decades, according to a letter …

By David Shepardson (Reuters) – An auto industry group said on Friday carmakers do not plan to immediately comply with a Massachusetts law requiring them to share vehicle data with …

By Arathy Somasekhar and Nicole Jao HOUSTON (Reuters) -Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia’s …

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -Treasury prices rebounded but a gauge of global equities fell on Friday, adding to sharp sell-offs earlier this week, after three …

By David Randall NEW YORK (Reuters) – A hawkish stance from the Federal Reserve, soaring Treasury yields and a looming government shutdown are adding to a cocktail of risks that …

By Milana Vinn (Reuters) – Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according …

By Sinéad Carew (Reuters) – Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in …

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the …

By Dawn Chmielewski and Helen Coster (Reuters) -Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp and will continue as the …

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady …

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing of the labor market is “unequivocally” …

(Reuters) – The United Auto Workers said on Friday the union will expand its strikes against Detroit automakers General Motors and Chrysler parent Stellantis, but has made real progress in …