By David Shepardson WASHINGTON (Reuters) -The U.S. Senate Finance Committee has asked eight major automakers, including General Motors, Tesla and…
Airlines scrap 4,400 U.S. flights as winter storm disrupts holiday travel
By David Shepardson and Aishwarya Nair WASHINGTON (Reuters) -Over 4,400 flights have been canceled over a two-day period as a…
Audi union in Mexico sets Jan. 1 strike deadline as workers eye higher pay
MEXICO CITY (Reuters) – Worker representatives at automaker Audi’s Mexico plant have set a Jan. 1 deadline to reach an…
Wall Street tumbles on rate, recession worries, bleak chipmaker outlook
By Sinéad Carew and Ankika Biswas (Reuters) – Wall Street’s major averages closed lower on Thursday with technology-heavy Nasdaq’s 2%…
FTX could pay over $2,100 per hour for bankruptcy lawyers
By Dietrich Knauth and Andrew Goudsward (Reuters) – Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission…
Amazon may be responsible for allowing Louboutin knock-off ads, EU court says
By Kate Abnett BRUSSELS (Reuters) -Online retailer Amazon.com may be deemed responsible for advertising of counterfeit Christian Louboutin shoes which…
U.S. judge penalizes 3M, bars it from shifting liability in earplug litigation
By Nate Raymond (Reuters) – A U.S. judge on Thursday barred 3M Co from trying to avoid liability for injuries…
FTX opposes BlockFi’s claim to Bankman-Fried’s Robinhood shares
By Dietrich Knauth (Reuters) – Collapsed crypto exchange FTX on Thursday asked a U.S. bankruptcy judge to stop crypto lender…
The whack-a-mole economy: U.S. manufacturers struggle with unpredictable supplies
By Timothy Aeppel (Reuters) – Glen Calder expected a shipment of gearbox reducers needed to build a particular model of…
Analysis-Fed’s balance sheet drawdown could sunset next year
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s ongoing efforts to shrink its balance sheet may end…