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Citigroup fails to halt AT&T use of ‘thanks’
August 12, 2016 by publisher · 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’
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Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo
August 3, 2016 by elegant · Leave a Comment
By Jarrett Renshaw NEW YORK (Reuters) – Delta Air Lines Inc is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, according to a company memo seen by Reuters. The memo, written by the head …
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Exclusive: Delta’s refinery sacrifices profits for lower fuel cost – memo
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Takata settles Florida air bag injury lawsuit
July 16, 2016 by creative · Leave a Comment
By David Shepardson WASHINGTON (Reuters) – Lawyers for a Florida woman who was left a quadriplegic after a Takata air bag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. The settlement was confirmed
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Takata settles Florida air bag injury lawsuit
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General Motors escapes some claims from 2014 recalls
July 16, 2016 by admin · Leave a Comment
By Jessica Dye NEW YORK (Reuters) – A U.S. judge on Friday dismissed some claims brought against General Motors by customers seeking compensation for a drop in vehicle resale values after a rash of safety recalls in 2014, including one for a faulty ignition switch. U.S. District Judge Jesse Furman in Manhattan…
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General Motors escapes some claims from 2014 recalls
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Boeing aims for supersonics and Mars at outset of second century
July 16, 2016 by elegant · Leave a Comment
By Alwyn Scott SEATTLE (Reuters) – The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets. The enterprise established by William Boeing in a Seattle boathouse has faced numerous “bet the company” moments over its 10 decades to bring out new planes such as the 707 and 747. “We have won for 100 years because of innovation,” Muilenburg said.
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Boeing aims for supersonics and Mars at outset of second century
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Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman
July 16, 2016 by publisher · Leave a Comment
By Diane Bartz and Michael Flaherty WASHINGTON/NEW YORK (Reuters) – Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the Los Angeles-based company said its board had cleared the way for billionaire investor Carl Icahn to boost his …
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Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman
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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates
July 13, 2016 by elegant · Leave a Comment
Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A “slow, gradual, careful” approach to raising interest rates is therefore appropriate as the U.S. central bank deals with this new world of slower growth, Dallas Fed President Robert Kaplan said in a …
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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates
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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance
July 13, 2016 by creative · Leave a Comment
NEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close “at any time,” even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. “We …
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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance
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Visa, MasterCard $7.25 billion settlement with retailers is thrown out
July 1, 2016 by admin · Leave a Comment
By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card
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Visa, MasterCard $7.25 billion settlement with retailers is thrown out
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TransCanada formally seeks NAFTA damages in Keystone XL rejection
June 26, 2016 by publisher · Leave a Comment
TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama's rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to “reach an amicable settlement,” the company said in files posted on the pipeline's website. TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to…
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TransCanada formally seeks NAFTA damages in Keystone XL rejection