Business

Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

Friday, May 22 by SRN News

By Colleen Howe and Chen Aizhu BEIJING/SINGAPORE, May 22 (Reuters) - The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant and one of China's largest private oil refiners, has been... Read More.

Australia fines Coles over milk supply deals; flags Brownes’ pricing practices

Friday, May 22 by SRN News

May 22 (Reuters) - Australia's competition watchdog said on Friday that Coles and dairy firm Brownes Foods Operations each paid A$39,600 ($28,270.44) after receiving infringement notices for restrictive milk supply terms and unclear pricing, respectively. Here are some details: • The Australian Competition & Consumer Commission... Read More.

Cannes’ amfAR Gala raises millions for AIDS research with sales of artwork, jewelry and lavish goods

Friday, May 22 by SRN News

ANTIBES, France (AP) - Actors and celebrities at the Cannes Film Festival were coaxed off the Croisette and up the French Riviera coast to Antibes on Thursday for dinner, performances and the annual amfAR Gala auction, which raised millions for AIDS research. Guests were treated... Read More.

A proposed additive ban could change New York’s pizza and bagels, some say for the better

Friday, May 22 by SRN News

NEW YORK (AP) - After more than a decade of mixing and kneading dough in his family's Brooklyn pizzeria, Salvatore Lo Duca recently made a distressing discovery: A key component of their thin-crust pies, bromated flour, contained a suspected carcinogen already banned in much... Read More.

Trading Day: IPO, IPO, it’s off to work we go

Thursday, May 21 by SRN News

By Jamie McGeever ORLANDO, Florida, May 21 (Reuters) - U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors also pored over Nvidia's earnings report and awaited potential bumper IPOs... Read More.

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Thursday, May 21 by SRN News

NEW YORK, May 21 (Reuters) - Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth fund that became embroiled in a corruption... Read More.

Brazilian grieving father says justice still missing after Airbus, Air France guilty verdict

Thursday, May 21 by SRN News

RIO DE JANEIRO (AP) - The Brazilian head of a victims' association for the 2009 crash of Flight 447 from Rio to Paris said that justice has yet to be served in France's worst aviation crash after a Paris appeals court found Airbus and... Read More.

Hoka-owner Deckers provides upbeat annual outlook on resilient demand

Thursday, May 21 by SRN News

May 21 (Reuters) - Deckers Outdoor forecast annual sales and profit above Wall Street estimates on Thursday, banking on resilient demand for its UGG boots and Hoka running shoes. Growth in wholesale and direct-to-consumer channels, coupled with new product launches, benefited the company despite pressure... Read More.

Meta settles social media addiction case brought by rural Kentucky school district

Thursday, May 21 by SRN News

Social media companies including Meta have settled the first of many lawsuits brought by hundreds of school districts seeking compensation for costs they say they incurred dealing with harms to children's mental health from social media addiction. The lawsuit brought by a small, rural... Read More.

UAW urges tougher labor rules in US-Canada-Mexico trade talks

Thursday, May 21 by SRN News

By Kalea Hall DETROIT, May 21 (Reuters) - United Auto Workers leaders called for stronger pay standards and mandates that carmakers build where they sell, ahead of Washington's upcoming talks on a new trade deal with Canada and Mexico. UAW President Shawn Fain and others detailed... Read More.

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Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

Australia fines Coles over milk supply deals; flags Brownes’ pricing practices

Cannes’ amfAR Gala raises millions for AIDS research with sales of artwork, jewelry and lavish goods

A proposed additive ban could change New York’s pizza and bagels, some say for the better

Trading Day: IPO, IPO, it’s off to work we go

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Brazilian grieving father says justice still missing after Airbus, Air France guilty verdict

Hoka-owner Deckers provides upbeat annual outlook on resilient demand

UAW urges tougher labor rules in US-Canada-Mexico trade talks

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