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Citigroup fails to halt AT&T use of ‘thanks’

August 12, 2016 by · Leave a Comment 

By Jonathan Stempel NEW YORK (Reuters) – A judge on Thursday rejected Citigroup Inc's bid for a preliminary injunction to stop AT&T Inc from using the phrase “AT&T thanks” on a customer loyalty program, which the bank called too similar to its trademarked “thankyou.” U.S. District Judge Katherine Forrest in Manhattan said Citigroup has not shown that customers would likely be confused, or that it would suffer irreparable harm, if AT&T kept saying “AT&T thanks” while the bank&#…

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Citigroup fails to halt AT&T use of ‘thanks’

Email campaign asks McDonald’s to take U.S. antibiotic curbs global

August 12, 2016 by · Leave a Comment 

By Lisa Baertlein LOS ANGELES (Reuters) – A charity looking to fight the rise of dangerous, drug-resistant bacteria on Thursday asked the public to help convince McDonald's restaurants around the world to stop serving meat and milk from animals raised with routine use of medically important antibiotics. A week after the world's biggest fast-food company took that step with poultry at its U.S. restaurants, U.K.-based ShareAction launched an online campaign enabling people to email McDonald's Corp CEO Steve Easterbrook. The group, which…

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Email campaign asks McDonald’s to take U.S. antibiotic curbs global

Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

August 12, 2016 by · Leave a Comment 

By Ritsuko Shimizu TOKYO (Reuters) – Marlboro maker Philip Morris International says its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales, making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit. In what may be an early vindication of Philip Morris's e-cigarette strategy, the iQOS accounted for 2.2 percent of Japan's tobacco sales in the quarter ended June 30, a company spokesman said.

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Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

Fed should raise interest rates this year, Williams says

August 12, 2016 by · Leave a Comment 

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 higher. “As the economy gets closer to its goals, we can again pull our foot off the…

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Fed should raise interest rates this year, Williams says

U.S. labor market firming; inflation remains benign

August 12, 2016 by · Leave a Comment 

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. Other data on Thursday showed an unexpected rise in import prices in July as a drop in petroleum prices was offset by gains in the cost of other goods. “The data remain consistent with a still-strong trend in employment growth, which means …

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U.S. labor market firming; inflation remains benign

Wendy’s comparable sales miss as fewer diners eat out

August 10, 2016 by · Leave a Comment 

Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and veal prices fell 6.7 percent, helped by lower transportation costs due to a fall …

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Wendy’s comparable sales miss as fewer diners eat out

Boeing won’t raise 787 production unless market demands it

August 10, 2016 by · Leave a Comment 

By Alwyn Scott NEW YORK (Reuters) – Boeing Co said on Wednesday it will not increase 787 output unless sales improve, its clearest indication yet that its large jetliner production may have peaked for now. “If the market's not going to demand it, we're not going to go,” Chief Financial Officer Greg Smith said on the sidelines of an investor conference in New York organized by global investment bank Jefferies, confirming remarks made during …

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Boeing won’t raise 787 production unless market demands it

Exclusive: ACT shakes up security unit, plans audit after cheating reports

August 10, 2016 by · Leave a Comment 

LONDON/SHANGHAI (Reuters) – ACT Inc, maker of America’s most popular university entrance exam, is laying off its head of test security and plans to audit nearly 200 education centers after Reuters detailed widespread …

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Exclusive: ACT shakes up security unit, plans audit after cheating reports

Delta cancels hundreds more flights, expects normal operations soon

August 10, 2016 by · Leave a Comment 

Delta, the No. 2 U.S. airline by passenger traffic, said systems that allow customer service agents to process check-ins and dispatch aircraft are now functioning normally. As of 2:30 p.m. EDT (1830 GMT), Delta said it had canceled 311 flights on the day, adding to the more than 1,600 cancellations since Monday. Another 2,540 flights departed on Wednesday, with 70 percent of them within 30 minutes of their scheduled times, the airline said.

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Delta cancels hundreds more flights, expects normal operations soon

U.S. jobs openings increase in June, layoffs near two-year low

August 10, 2016 by · Leave a Comment 

U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further, according a government report on Wednesday. The Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) report also suggested a growing skill shortage, which

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U.S. jobs openings increase in June, layoffs near two-year low

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