Business

Law firm Motley Rice’s fee for Meta case in New Mexico could top $67 million

Wednesday, August 12 by SRN News

By Mike Scarcella WASHINGTON, Aug 12 (Reuters) - Law firm Motley Rice stands to earn $67.1 million in legal fees from New Mexico for representing the state after a judge ruled Meta Platforms fostered social media addiction and other harms on its platforms, according to... Read More.

ANZ says property tax changes hit mortgage demand, posts slightly higher profit

Wednesday, August 12 by SRN News

Aug 13 (Reuters) - ANZ Group on Thursday flagged a slowdown in mortgage demand after Australia's tax changes, joining larger rivals in signalling softer housing activity, even as higher lending volumes and improved margins lifted its quarterly cash profit. The bank, with the lowest mortgage... Read More.

Whole Foods recalls items containing jalapenos on potential salmonella contamination

Wednesday, August 12 by SRN News

Aug 12 (Reuters) - Whole Foods said on Wednesday it was recalling select products from its produce and prepared foods departments that contain jalapenos sourced from Coast Citrus Distributors due to potential salmonella contamination. No illnesses have been reported to date in connection with these... Read More.

Trump sued over service that offers paid early access to Truth Social posts

Wednesday, August 12 by SRN News

By Jonathan Stempel NEW YORK, Aug 12 (Reuters) - Donald Trump was sued on Wednesday by two media entities seeking to shut down a new service that sells paid access to the U.S. president's posts, including some that can move markets, on his Truth Social... Read More.

Exclusive-Automaker Ford to move production of some Lincoln models from China to US

Wednesday, August 12 by SRN News

By Nora Eckert DETROIT, Aug 12 (Reuters) - Automaker Ford Motor plans to move production of some Lincoln models from China to the U.S. in 2030, Ford's CEO told Reuters on Wednesday, adding the move was difficult but necessary to strengthen the U.S. auto manufacturing... Read More.

Brazil Supreme Court upholds laws that led to downfall of Amazon soy moratorium

Wednesday, August 12 by SRN News

RIO DE JANEIRO (AP) - Brazil's Supreme Court on Wednesday dealt a major blow to the future of the country's soy moratorium, upholding state laws that deny tax incentives to farmers who complied with the agreement barring the purchase of soy grown on deforested... Read More.

Strong majority of Japanese firms have yet to fully embrace AI: Reuters poll

Wednesday, August 12 by SRN News

By Kiyoshi Takenaka TOKYO, Aug 13 (Reuters) - More than 80% of Japanese companies use artificial intelligence in only a limited capacity in their operations or not at all, a Reuters survey showed on Thursday, a trend that could hinder official efforts to boost productivity. About... Read More.

Analysis-Top US refiners see profits soar, step up investor rewards

Wednesday, August 12 by SRN News

NEW YORK, Aug 12 (Reuters) - Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining margins surging. Industry analysts said refiners' massive profits and strong buyback... Read More.

American Airlines shakes up leadership as CEO faces pressure to close profit gap

Wednesday, August 12 by SRN News

By Rajesh Kumar Singh CHICAGO, Aug 12 (Reuters) - American Airlines is reorganizing senior management, broadening oversight across its commercial and operations teams and adding a former Spirit Airlines executive to run technical operations, as CEO Robert Isom faces pressure to close the carrier's profit... Read More.

Trading Day: AI cheer, new highs near

Wednesday, August 12 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on Wednesday, while stocks and bonds also welcomed U.S. inflation figures that appeared to reduce... Read More.

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Law firm Motley Rice’s fee for Meta case in New Mexico could top $67 million

ANZ says property tax changes hit mortgage demand, posts slightly higher profit

Whole Foods recalls items containing jalapenos on potential salmonella contamination

Exclusive-Automaker Ford to move production of some Lincoln models from China to US

Brazil Supreme Court upholds laws that led to downfall of Amazon soy moratorium

Strong majority of Japanese firms have yet to fully embrace AI: Reuters poll

Analysis-Top US refiners see profits soar, step up investor rewards

American Airlines shakes up leadership as CEO faces pressure to close profit gap

Trading Day: AI cheer, new highs near

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