Auto workers’ union rolls the dice at Nissan’s Mississippi plant
CANTON, Miss. (Reuters) – For nearly a decade, the United Auto Workers union has tried to organize workers at Nissan Motor Co Ltd’s assembly plant here, challenging the company’s wages, safety record and commitment to treating African-American workers…
Corporate profits to take more hits from Ukraine cyber attack
TORONTO/FRANKFURT (Reuters) – The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest …
Snap short sellers take winnings off table as stock sinks
SAN FRANCISCO (Reuters) – Shares of Snap Inc slumped to new lows on Wednesday while short sellers closed out their bets following paper profits of half a billion dollars since the Snapchat owner’s market debut in March.
Qatar Airways reverses decision to buy into American Airlines
NEW YORK (Reuters) – Qatar Airways will not proceed with its proposed financial investment in American Airlines Group Inc , reversing an earlier decision to build a stake of up to 4.75 percent in the U.S. carrier.
Perks? No! U.S. flyers prefer the cheap seats: Reuters/Ipsos poll
NEW YORK (Reuters) – U.S. airlines striving to boost profitability are up against an army of penny-pinching customers who would rather sit in a dreaded middle seat than pay more to fly, says a Reuters/Ipsos opinion poll released on Wednesday.
Exclusive: N.Y. regulator subpoenas Wells Fargo over unwanted auto insurance
NEW YORK (Reuters) – New York state’s banking and insurance regulator has issued subpoenas to two Wells Fargo & Co units after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.
Exclusive: Blackstone in talks to sell stake in camera maker Leica – sources
FRANKFURT (Reuters) – Buyout group Blackstone is in talks with potential buyers for its 45 percent stake in iconic high-end camera and sport optics maker Leica, people close to the matter said.
Express Scripts wins dismissal of lawsuit over Anthem ties
NEW YORK (Reuters) – A federal judge has dismissed a lawsuit in which Express Scripts Holding Co shareholders accused the pharmacy benefits manager of inflating its share price by hiding its deteriorating relationship with its largest customer, Anthem…
Exclusive: Hasbro ends talks to buy Lions Gate Entertainment – sources
(Reuters) – Hasbro Inc, the maker of games ranging from Monopoly to foam Nerf balls, has ended talks to acquire U.S. movie studio and entertainment company Lions Gate Entertainment Corp, people familiar with the matter said on Wednesday.
Exclusive: Sanctions gap lets Western firms tap Russian frontier oil
OSLO/MOSCOW (Reuters) – A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining the broad aim of the measures, a Reuters review of company results and media re…
