(Reuters) – U.S.-based utility Duke Energy said on Friday it had filed a plan with the Florida Public Service Commission to recover about $1.1 billion in direct costs associated with the company’s emergency activation and response to hurricanes Debby, Helene and Milton. Duke, the largest utility covering North and South Carolina, said the hurricanes hit […]
Starbucks largely loses appeal over baristas’ firing in NLRB case
By Jonathan Stempel (Reuters) – A federal appeals court on Friday largely rejected Starbucks’ appeal of a National Labor Relations Board finding the coffee chain illegally fired two Philadelphia baristas because they wanted to organize a union. The 3rd U.S. Circuit Court of Appeals said Starbucks lacked standing to challenge the constitutionality of NLRB administrative […]
Dollar edges up on bets of US growth, inflation
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday […]
US FDA proposes standardized testing to detect asbestos in talc products
(Reuters) – The U.S. Food and Drug Administration is proposing that cosmetic products containing talc should be tested using standardized methods to detect asbestos, a potential contaminant, according to documents posted on the federal register on Thursday. WHY IT’S IMPORTANT Asbestos, a known human carcinogen, can be injurious to consumers if found in talc-containing cosmetic […]
Putin says there is no time to sign new Ukraine gas transit deal this year
MOSCOW (Reuters) – President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria. “They announced that they would not renew the […]
New York to fine fossil fuel companies $75 billion under new climate law
By Jonathan Allen NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the recovery and […]
Futures muted before shortened Christmas Eve trading
(Reuters) – U.S. stock index futures remained subdued ahead of Tuesday’s shortened trading session, with Wall Street entering a historically strong period before rounding off its second consecutive year of gains. Few major catalysts are expected to drive market sentiment, with trading volumes expected to be light in the final days of the year, raising […]
Apple seeks to defend Google’s billion-dollar payments in search case
By Jody Godoy (Reuters) – Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser. Apple does not plan to […]
US bank, business groups sue Fed over stress test framework
(Reuters) – Groups representing U.S. banks and businesses said on Tuesday they were suing the Federal Reserve to challenge what they described as the “opaque aspects of the stress testing framework.” In a statement, groups including the American Bankers Association and the U.S. Chamber of Commerce said the lawsuit “seeks to resolve longstanding legal violations […]
Toyota is donating $1 million to Trump’s inauguration
By Nora Eckert DETROIT (Reuters) – Toyota Motor of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit’s Ford Motor and General Motors, said they would give the same amount. Ford and GM are also contributing vehicles to the festivities, while […]