Uber, driver attorneys maneuver toward crucial hearing
SAN FRANCISCO (Reuters) – Uber Technologies Inc is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benef…
U.S. wage growth brakes in second-quarter; consumer sentiment slips
WASHINGTON (Reuters) – U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing lab…
UPS bolsters full-truckload business with $1.8 billion deal
(Reuters) – United Parcel Service Inc said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.
U.S. job market set for more than just ‘some’ attention
LONDON (Reuters) – Now that U.S. Federal Reserve chief Janet Yellen has made it clear she’s looking out for “some” improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else.
U.S. consumer sentiment slips in July
NEW YORK (Reuters) – U.S. consumer sentiment fell in July, according to a survey released on Friday.
Chevron profit tumbles 90 percent, misses estimates; shares drop
(Reuters) – Second-quarter profit at oil producer Chevron Corp tumbled 90 percent, missing analysts’ expectations, amid weakness in oil prices .
Exxon profit halved by tumbling crude price; shares drop
(Reuters) – Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world’s largest publicly traded oil company.
Fiat Chrysler, Australia ex-CEO lock horns in court dispute over spending
SYDNEY (Reuters) – Fiat Chrysler Automobiles traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and…
Berry Plastics to buy Blackstone-owned Avintiv for $2.45 billion
(Reuters) – Plastic packaging products maker Berry Plastics Group Inc said it would buy Avintiv Inc, which makes materials used in products ranging from diapers to disinfectant wipes, for about $2.45 billion in cash from Blackstone Group LP .
Barclays cuts 150 investment bank jobs under cost-cutting plan
LONDON (Reuters) – Barclays Plc is cutting about 150 staff from its investment bank as part of the British bank’s attempt to cut costs and improve profitability in the business, a person familiar with the matter said.
