Business

Brazil prosecutors launch suit against meatpacking giant JBS over beef tied to slavery-like labor

Wednesday, April 29 by SRN News

SAO PAULO (AP) - Labor prosecutors in Brazil filed a lawsuit Wednesday against meatpacking giant JBS, accusing the company of buying cattle from farms where workers were held in slavery-like conditions. The civil action suit before a labor court in the northern Brazilian state of... Read More.

Universal Music to sell half its Spotify stake for buybacks, Q1 hit by weak dollar

Wednesday, April 29 by SRN News

By Leo Marchandon April 29 - Universal Music Group said on Wednesday it would sell half of its equity stake in Spotify and double its share buyback programme, as it reported first-quarter revenue held back by a weaker U.S. dollar. UMG said... Read More.

Estee Lauder considers bid for Puig at 18-19 euros per share, source says

Wednesday, April 29 by SRN News

April 29 (Reuters) - Cosmetics giant Estee Lauder is considering launching a takeover bid for all of Puig's Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter. The two companies said in March that... Read More.

Elon Musk gets an apology from California regulators as a SpaceX lawsuit is settled

Wednesday, April 29 by SRN News

LOS ANGELES (AP) - California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission... Read More.

OPEC+ set to agree another oil output hike without UAE, sources say

Wednesday, April 29 by SRN News

By Alex Lawler and Dmitry Zhdannikov LONDON, April 29 (Reuters) - Seven members of OPEC+ are likely to agree another increase in oil output targets when they meet on Sunday, three sources with knowledge of discussions told Reuters, lowering the size of the increase to... Read More.

Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects

Wednesday, April 29 by SRN News

The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating. The Republican administration adopted this strategy after federal courts thwarted President Donald Trump's efforts to stop offshore wind development through... Read More.

Broadcast group says FCC Disney license review creates significant uncertainty

Wednesday, April 29 by SRN News

April 29 (Reuters) - A group representing major U.S. broadcasters called the Federal Communications Commission decision to launch an early review of the eight ABC local station licenses owned by Disney "nearly unprecedented" and added th decision "creates significant uncertainty for all broadcasters." The National... Read More.

Ackman’s Pershing Square, new fund set to list in hotly anticipated debut

Wednesday, April 29 by SRN News

By Svea Herbst-Bayliss and Utkarsh Shetti April 29 (Reuters) - Billionaire investor Bill Ackman is set to debut his new Pershing Square USA closed-end fund on the New York Stock Exchange on Wednesday, offering retail investors a stock-picking strategy traditionally limited to the super rich... Read More.

Elon Musk tells his side of OpenAI’s beginnings in trial pitting him against CEO Sam Altman

Wednesday, April 29 by SRN News

OAKLAND, Calif. (AP) - Elon Musk took the stand for the second day Wednesday in the landmark trial that pits the world's richest man against Sam Altman, a fellow OpenAI co-founder he accuses of betraying promises to keep the company as a nonprofit dedicated... Read More.

Fed holds rates steady, cites elevated inflation; three dissents against ‘easing bias’

Wednesday, April 29 by SRN News

By Howard Schneider and Ann Saphir WASHINGTON, April 29 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from officials who no... Read More.

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Current Weather

Brazil prosecutors launch suit against meatpacking giant JBS over beef tied to slavery-like labor

Universal Music to sell half its Spotify stake for buybacks, Q1 hit by weak dollar

Elon Musk gets an apology from California regulators as a SpaceX lawsuit is settled

OPEC+ set to agree another oil output hike without UAE, sources say

Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects

Elon Musk tells his side of OpenAI’s beginnings in trial pitting him against CEO Sam Altman

Fed holds rates steady, cites elevated inflation; three dissents against ‘easing bias’

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