Business News

By Jonathan Stempel NEW YORK, Aug 21 (Reuters) - A federal judge on Friday dismissed major portions of a Ben & Jerry's lawsuit accusing its former parent Unilever of trying to silence the ice cream maker's social activism, dismantle its board and stop ...

By Kanishka Singh WASHINGTON, Aug 21 (Reuters) - U.S. President Donald Trump said on Friday he did not direct ​Treasury Secretary Scott Bessent to intervene ‌in the bond market this week and that the Treasury chief acted on his own authority based on h...

WASHINGTON, Aug 21 (Reuters) - U.S. Treasury Secretary Scott Bessent will hold a press conference on Monday, according to ​a statement, after the U.S. ‌warned of more sanctions against Iran and took steps to try to lower long-dated Treasury bond yields...

By Nora Eckert and Mike Colias Aug 21 (Reuters) - Electronic door handles of the kind that are at the center of China's largest-ever vehicle recall have proliferated across the globe over the past decade, especially on electric vehicles. Tesla and eigh...

By Jonathan Stempel NEW YORK, Aug 21 (Reuters) - The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America investment banker with insider trading, alleging he tipped a longtime friend and ​former colleague about a pe...

MEXICO CITY, Aug 21 (Reuters) - Mexican Economy Minister Marcelo Ebrard said on Friday he expects Mexico to reach trade understandings with the United States that are "similar in many aspects" ​to those being discussed between Washington and Ottawa, ad...

WASHINGTON, Aug 21 (Reuters) - The U.S. Department of Justice and TikTok have reached a $400 ​million settlement to ‌resolve allegations the short-video app violated children's online privacy. The Justice Department sued TikTok and ByteDance in 2024 ‌f...

By Andreas Rinke BERLIN, Aug 21 (Reuters) - Sebastian Lechner, the CDU state chairman of Lower Saxony, ​is calling for the ‌European Union to quickly impose import tariffs on Chinese hybrid cars, a letter seen by Reuters on Friday showed. • "It ‌is ​pr...

By Humeyra Pamuk and Emma Farge WASHINGTON/GENEVA, Aug 21 (Reuters) - The Trump administration has informed Congress of its intention to pay $725 million to the United Nations, a congressional notification seen by Reuters showed, a move aid experts sai...

By Anirban Sen and Arasu Kannagi Basil Aug 21 (Reuters) - Billionaire investor Ken Griffin's Citadel has shed more than 80%, or $4 billion of bets, from the original portfolio of ​Leopold Aschenbrenner's Situational Awareness that it recently purchased...

Aug 21 (Reuters) - Shares of close-ended Guggenheim Strategic Opportunities Fund hit their lowest level in over 17 years on Friday, a day after dropping ​sharply following allegations from a short-seller. Its shares ‌were last down 3.7% at $9.07, their...

Aug 21 (Reuters) - Billionaire investor Ken Griffin's Citadel has shed more ​than 80% of ‌the aggregate risk from the original portfolio of Leopold Aschenbrenner's Situational Awareness, which ‌it ​recently purchased, according ⁠to a ⁠letter sent to in...

By Milana Vinn NEW YORK, Aug 21 (Reuters) - JPMorgan Chase is hiring veteran dealmaker David Fishman from Bank of America as part of a newly formed investment banking group to focus on key clients in the ​technology sector, according to a memo seen by ...

ZURICH, Aug 21 (Reuters) - Artificial intelligence can push inflation higher in the short term although the overall effect of the technology remains unclear, Swiss National Bank governing board member Petra ​Tschudin said in an interview published on F...

By Dan Catchpole SEATTLE, Aug 21 (Reuters) - Boeing engineers and technical workers rejected the U.S. planemaker's four-year contract offer, union officials said on Friday. The 17,000 members of the Society of Professional ​Engineering Employees in Aer...

BERLIN, Aug 21 (Reuters) - Volkswagen CEO Oliver Blume said the German carmaker's overhead costs remain over 30% higher than those of ​comparable firms and that it must reduce ‌that disadvantage to stay competitive, according to an internal company int...

By Andy Bruce MANCHESTER, England, Aug 21 (Reuters) - Britain is showing surprising signs of strength among businesses and consumers, in an early boost for new Prime Minister Andy Burnham, despite the country's vulnerability to high inflation stemming ...

Aug 21 (Reuters) - Euro zone consumer confidence ​rose by ‌0.4 points in August from the ‌July ​number, ⁠figures released on ⁠Friday showed. The European Commission said a flash ​estimate showed euro ⁠zone ⁠consumer morale ​improved to -15.5 this ​mont...

Aug 21 (Reuters) - Asset manager Apollo Global Management suffered a data breach last month in which hackers stole some personal information, according to a letter on ​Friday. The New York-based firm was among dozens of prominent ‌U.S. financial instit...

Aug 21 (Reuters) - The strongest growth in the U.S. services sector in nearly two years powered a sharp acceleration in overall business activity in August, offsetting a slowing of growth in a manufacturing sector being restrained by reduced stock buil...