Business News

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said on Thursday it is fining British Airways $1.1 million for failing to provide timely refunds to passengers for …

By Guy Faulconbridge MOSCOW (Reuters) – Russia’s Federal Security Service (FSB) said on Thursday it had uncovered an American espionage operation that compromised thousands of iPhones using sophisticated surveillance software. …

By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators will decide by July 6 whether to clear Amazon.com Inc’s $1.7 billion acquisition of the maker of robot vacuum cleaner iRobot …

By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp shares jumped 5% in early Friday trade as the technology investor – which is preparing an initial public offering of chip …

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to “get the most out of the bank’s balance sheet” …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking for a positive end to the week on Friday …

(Reuters) – A federal judge on Thursday disqualified himself from hearing Walt Disney Co’s <DIS.N> civil suit against Florida Governor Ron DeSantis and other state officials, citing a small financial …

By Mike Scarcella (Reuters) – Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to …

(Reuters) – Australian No. 2 supermarket chain Coles Group Ltd said on Friday it would take an additional provision of A$25 million ($16.96 million) to compensate underpaid salaried employees. Coles …

By Deborah Mary Sophia (Reuters) – Lululemon Athletica Inc raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds …

SEOUL (Reuters) – South Korea’s economy grew 0.3% in the first quarter from the previous quarter, revised central bank data showed on Friday, matching its earlier estimate in April. The …

(Adds media packaging code SPIRIT AIRLINES-M&A/JETBLUE AIRWAYS) (Reuters) -JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc’s holdings at New York’s LaGuardia Airport upon completion of their …

By Herbert Lash and Shreyashi Sanyal (Reuters) – The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal …

By Joey Roulette WASHINGTON (Reuters) -Boeing Co will stand down from late preparations for its first crewed Starliner test flight to space that was planned for July after it discovered …

By Tiyashi Datta (Reuters) – Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it benefits from massive corporate investments in AI-related technologies. The viral success of ChatGPT …

WASHINGTON (Reuters) – The U.S. Senate is debating a bill brokered by President Joe Biden and House Speaker Kevin McCarthy that lifts the government’s $31.4 trillion debt ceiling while imposing …

By Tiyashi Datta and Pratyush Thakur (Reuters) -Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months …

By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) -As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even betting against …

By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter …

By Kylie Madry MEXICO CITY (Reuters) – Latin American property technology startup Tuhabi is set to receive a $50 million credit line from the Inter-American Development Bank’s (IDB) financing arm, …

By Dietrich Knauth NEW YORK (Reuters) – Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure …

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may …

By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by …

BOGOTA (Reuters) – Colombia’s current account deficit shrank 36.3% in the first quarter compared with the same period last year, to $3.42 billion, the central bank said on Thursday, due …

By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines Co CEO Bob Jordan said on Thursday that an industry-wide shortage of pilots is expected to last for three years due …