U.S. judge gives Caesars temporary reprieve from lawsuits
CHICAGO (Reuters) – A U.S. judge on Wednesday temporarily halted lawsuits seeking $11.4 billion in damages from Caesars Entertainment Corp on Wednesday, urging the parties in the bankruptcy of its operating unit to settle before an injunction expires …
New York Macy’s workers threaten strike over health plan, pay
(Reuters) – Macy’s Inc is preparing for a possible strike over healthcare and pay by 5,000 workers at four New York locations, including its flagship store on Manhattan’s Herald Square.
Exclusive: In your sugary shake, Mars may not be lovin’ it
NEW YORK/LOS ANGELES – Mars Inc, the one-time maker of king-sized chocolate bars, is considering taking its M&Ms out of sugary dessert treats, including McDonald’s McFlurry.
IT worker at Panama Papers firm detained in Geneva, Le Temps reports
GENEVA (Reuters) – A computer technician at the Geneva office of the Panama Papers law firm was detained several days ago on suspicion of recently removing large amounts of data, the newspaper Le Temps reported on Wednesday, citing a source close to th…
Oil down on Brexit worry and ahead of U.S. inventory data
NEW YORK (Reuters) – Oil prices extended their losses for the fifth straight day on Wednesday, the longest losing streak since February, on fears of a dollar rally if Britain leaves the European Union and ahead of the release of U.S. crude inventory da…
U.S. industrial output falls 0.4 percent in May, manufacturing slips
WASHINGTON (Reuters) – U.S. industrial production fell more than expected in May on a decline in utilities output and auto manufacturing, the Federal Reserve said on Wednesday, a sign that the economy may be losing some steam in the second quarter.
Office Depot to hire 8,000 workers for back-to-school season
(Reuters) – Office Depot Inc , whose merger with larger rival Staples Inc was scrapped due to antitrust concerns, said it planned to hire 8,000 temporary and full-time workers during the busy back-to-school season.
JPMorgan says Brexit lead for Leave bigger after removing hoax poll
LONDON (Reuters) – JP Morgan said on Wednesday that the lead across a range of opinion polls for campaigners seeking to get Britain out of the European Union has widened after the bank removed a hoax poll from its analysis.
MSCI says domestic China shares still not ready for its global benchmark
HONG KONG (Reuters) – China has failed again to convince U.S. index provider MSCI Inc to add local Chinese shares to its key emerging market index, and the company could not say when it was likely to give the green light, as global investors raised fre…
London traders brace for biggest night since ‘Black Wednesday’
LONDON (Reuters) – The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of…
