Nike expands, adds to its paid family leave
(Reuters) – Full-time U.S. employees of Nike Inc. who are new parents or who are needed to care for sick family members are now eligible to receive eight weeks of paid leave, the world’s biggest sportswear company said on Wednesday.
Oil jumps on first U.S. drawdown since March; Brent up 4 percent
NEW YORK (Reuters) – Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the U.S. government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada a…
Boeing outlines strategy to raise profits, omits some details
SEATTLE (Reuters) – Boeing Co’s top executives laid out an ambitious strategy on Wednesday to increase revenue and profits and secure the company’s future for the next 100 years, promising to boost efficiency, return free cash to shareholders and expa…
IMF: Global corruption costs trillions in bribes, lost growth
WASHINGTON (Reuters) – Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said…
U.S. posts $106 billion budget surplus in April
WASHINGTON (Reuters) – The U.S. government posted a $106 billion budget surplus in April, down 32 percent from the same period last year, the Treasury Department said on Wednesday.
Disney shares stumble as expectations outpace reality
(Reuters) – For Walt Disney’s Peter Pan, flying was “all a matter of faith and trust.” Investors in Walt Disney Co showed a lack of both in the company’s stock on Wednesday.
EU blocks Hutchison’s deal to buy Telefonica’s O2 UK
BRUSSELS (Reuters) – The European Union’s competition regulator blocked on Wednesday CK Hutchison Holdings’ plan to become Britain’s biggest mobile telecoms network operator, in a decision which also cast doubts on whether it can still win approval f…
Stuck with dangerous dollar dominance
LONDON (Reuters) – The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.
Quietly, Vietnam hosts arms gathering attended by U.S. companies
HANOI/WASHINGTON (Reuters) – Vietnam hosts a defense symposium this week attended by top American arms manufacturers, ahead of a visit by U.S. President Barack Obama and as Washington weighs whether to lift an arms embargo on its former enemy.
Tyson wins lawsuit over hot dog name
(Reuters) – This lawsuit over hot dogs failed to cut the mustard.
