Germany’s Lidl prepares to enter U.S. supermarket wars
CHICAGO (Reuters) – German discount supermarket chain Lidl is set to open its first set of U.S. stores this summer, raising the stakes for American grocery chain operators who have been caught in an intense price war.
NLRB files complaint against VW over practices at Tennessee plant
DETROIT (Reuters) – The U.S. National Labor Relations Board has filed an unfair labor practices complaint against Volkswagen AG for hiking health insurance premiums and changing working hours of a group of skilled workers who voted for union represent…
Wells Fargo bogus accounts balloon to 3.5 million: lawyers
(Reuters) – Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice.
Boeing resumes 737 MAX test flights after brief grounding
(Reuters) – Boeing Co said on Friday it resumed test flights of its $110-million 737 MAX 8 jetliner, just two days after saying it had grounded the entire fleet to address an engine problem.
U.S. court puts hold on ‘too big to fail’ case involving MetLife
WASHINGTON (Reuters) – A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life insurer, MetLife Inc, has challenged the federal government’s labeling of it as “too big to fail,” as the Trump ad…
U.S. retail sales rise broadly; consumer prices rebound
WASHINGTON (Reuters) – U.S. retail sales increased broadly in April while consumer prices rebounded, pointing to a pickup in economic growth and a gradual rise in inflation that could keep the Federal Reserve on track to raise interest rates next month…
Florida probes Koch Foods, Wayne Farms over chicken pricing
(Reuters) – Florida’s attorney general has demanded records from Koch Foods Inc, Wayne Farms LLC and other chicken companies in connection with an investigation into anticompetitive conduct within the poultry industry, according to newly released docum…
BlackRock switch helps pass ‘historic’ climate measure at Occidental
BOSTON (Reuters) – BlackRock Inc said on Friday that it voted in favor of a successful shareholder proposal calling for more climate change reporting by Occidental Petroleum Corp , in the first sign the world’s largest asset manager was backing up its …
Behind Kushner Companies, a Chinese agency skirts visa-for-investment rules
SHANGHAI (Reuters) – While Jared Kushner’s family company apologized this week for mentioning the White House adviser’s name when wooing Chinese investors to fund a New Jersey real estate project, one Chinese immigration agency was touting its role in …
In blow to Trump, GE backs NAFTA and voices support for Mexico
MONTERREY, Mexico (Reuters) – General Electric on Friday praised Mexico as a big part of its future and said the company is “very supportive” of the North American Free Trade Agreement (NAFTA) that U.S President Donald Trump has threatened to ditch.
