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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. The United States is entering…

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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

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Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

By Jonathan Stempel (Reuters) – Luxottica Group Spa , the maker of Ray-Ban sunglasses, has sued BCBG Max Azria Group LLC, accusing the fashion house of knowingly infringing its famous Wayfarer trademark. The complaint, filed on Wednesday with the U.S. District Court in Los Angeles, said BCBG Max Azria's unauthorized sale of infringing eyewear was

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Luxottica sues BCBG Max Azria over Wayfarer sunglasses trademark

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

By Jonathan Stempel NEW YORK (Reuters) – The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix…

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

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U.S. reviewing suspension complaints in Tesla Model S cars

U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's

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U.S. reviewing suspension complaints in Tesla Model S cars

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Drivers sue Uber, Lyft over exit from Austin, Texas

Former Uber Technologies Inc and Lyft Inc drivers in Austin, Texas, on Thursday accused the ride-hailing companies of breaking a federal law by abruptly halting operations in the city after voters backed a measure requiring them to fingerprint drivers. The lawsuits filed in federal court in San Francisco, where the companies are based, said Uber and Lyft violated a law that requires companies to give 60 days notice to employees before a “mass layoff.” Uber spokesman…

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Drivers sue Uber, Lyft over exit from Austin, Texas

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Tax authorities begin probes into some people named in Panama Papers leak

By Jane Wardell and Elida Moreno SYDNEY/PANAMA CITY (Reuters) – Tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the center of a massive data leak for possible tax evasion. Other jurisdictions are likely to follow suit following the leak over the weekend of details of hundreds of thousands of clients in more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama. The…

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Tax authorities begin probes into some people named in Panama Papers leak

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Special Report: The final days and deals of Aubrey McClendon

By John Shiffman, Brian Grow and Michael Flaherty OKLAHOMA CITY (Reuters) – The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. U.S. prosecutors had just announced McClendon’s indictment for allegedly conspiring with a competitor to suppress land prices by rigging bids while leading his former company, Chesapeake

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Special Report: The final days and deals of Aubrey McClendon

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Fed faces patchwork recovery despite near-normal labor markets

By Howard Schneider ALEXANDER CITY, Ala (Reuters) – As gleaming new factories turn out Airbus aircraft and Hyundai cars in Alabama's urban centers, this small town that once was home to Russell Athletics shows the dilemma now faced by U.S. policymakers. Economic recovery has…

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Fed faces patchwork recovery despite near-normal labor markets