Fox anticipates settlements in Ailes harassment case: WSJ
(Reuters) – Twenty-First Century Fox Inc anticipates having to settle with the women who have alleged they were victims of harassment by former Fox News chief Roger Ailes, the Wall Street Journal reported, citing people familiar with the matter.
Macy’s to close another 100 stores; stock jumps
(Reuters) – Macy’s Inc said it plans to close another 100 stores, or 14 percent of the total, as it seeks to turn around its business after six quarters of falling sales, sending its shares soaring.
Valeant stock falls as report of criminal probe adds to woes
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc shares fell about 11 percent on Thursday as new details about a criminal investigation into the drugmaker reignited investor concerns about the company’s past business relationship with a …
Oil up 4 percent as Saudis mull meeting, tighter market forecast
NEW YORK (Reuters) – Oil prices jumped the most in a month, rising more than 4 percent on Thursday, after comments from the Saudi oil minister about possible action to stabilize prices triggered a round of buying and the International Energy Agency for…
Lawyers in Volkswagen case seek up to $332.5 million in fees, costs
(Reuters) – Lawyers for Volkswagen AG vehicle owners will seek up to $332.5 million in fees and costs for their work in a $10 billion settlement over claims the automaker used software to cheat on emissions testing, according to a court filing.
Twitter denies #SaveTwitter rumors of shutting down in 2017
NEW YORK (Reuters) – Twitter Inc denied on Thursday rumors that the social media messaging service will be shutting down in 2017, denouncing the claim as groundless.
Fed should raise interest rates this year, Williams says
SAN FRANCISCO (Reuters) – The Federal Reserve should raise interest rates further this year, a top U.S. central banker said in an interview published on Thursday, reflecting improved labor market conditions and the likelihood that inflation is heading …
General Mills must face lawsuit over Cheerios Protein marketing
(Reuters) – A federal judge has ruled that General Mills Inc must face a lawsuit claiming it tricked consumers by marketing Cheerios Protein as a high-protein alternative to regular Cheerios, when the main difference was that it contained 17 times mor…
Keyless systems of many VW Group cars can be hacked: researchers
FRANKFURT (Reuters) – Tens of millions of vehicles sold by Volkswagen AG over the past 20 years, and some current models, are vulnerable to theft because keyless entry systems can be hacked using cheap technical devices, according to European research…
U.S. labor market firming; inflation remains benign
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth.
