Stock Market News

(Reuters) -Juul Labs Inc won preliminary approval of a settlement aimed at ending thousands of lawsuits alleging the company was a major cause of a youth-vaping epidemic in the...

(Reuters) -Abbott Laboratories' Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a criminal investigation by the Justice Department, the...

By Dietrich Knauth (Reuters) - Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood...

By David Shepardson WASHINGTON (Reuters) - Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and...

By Chuck Mikolajczak (Reuters) - U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as...

By Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk, Tesla (NASDAQ:TSLA) Inc's chief executive, testified on Friday that investors do not always react to his Twitter messages as he...

By Jeffrey Dastin (Reuters) - Google's parent Alphabet (NASDAQ:GOOGL) Inc is cutting about 12,000 jobs as it faces "a different economic reality", it said in a staff memo,...

By Douglas Gillison and Chris Prentice (Reuters) - The U.S. accounting watchdog is facing a lawsuit over claims the regulator's process of handling disciplinary matters behind...

By Leah Douglas (Reuters) - The Federal Trade Commission (FTC) should examine high egg prices for signs of price gouging from top egg companies, a farm group said, as Americans...

By Amy-Jo Crowley LONDON (Reuters) - GXO Logistics, the world’s largest contract logistics provider, is open to sizeable takeover deals of more than $1 billion in Canada, Chief...

By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) -Top advertisers on Twitter slashed their spending after Elon Musk's takeover, according to estimates compiled for...

TOKYO (Reuters) -Japan Tobacco Inc, the cigarette conglomerate one-third owned by the government, is facing a shareholder motion to sell off its listed drug unit Torii...

SAO PAULO (Reuters) - Brazilian lender Santander (BME:SAN) Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the...

(Reuters) - Morgan Stanley (NYSE:MS) Chief Executive Officer James Gorman's total compensation for 2022 slipped 10% to $31.5 million, the bank said on Friday. Gorman's total...

By Valentina Za MILAN (Reuters) - Intesa Sanpaolo (OTC:ISNPY) sought to reassure investors over its ability to hit shareholder reward targets on Friday, after shares in Italy's...

ZURICH (Reuters) -ABB has sold its U.S.-based power conversion business to AcBel Polytech Inc for $505 million, the Swiss engineering and technology company said on Friday....

Investing.com – U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Basic Materials sectors led shares higher. At the close in...

By Yasin Ebrahim Investing.com -- The Dow ended lower for the week Friday, despite a Netflix-fueled rally after the streaming giant's quarterly results showed a rebound in...

By Jonathan Stempel (Reuters) - Johnson & Johnson (NYSE:JNJ) and its DePuy Synthes unit will pay $9.75 million to settle U.S. Department of Justice accusations that DePuy...

By Yasin Ebrahim Investing.com -- The S&P 500 gained Friday, as technology hitched a ride higher on a surge in Alphabet and Netflix (NASDAQ:NFLX) after the latter’s quarterly...

By Liz Moyer Investing.com -- Texas Instruments Incorporated (NASDAQ:TXN) is ushering in a new CEO amid a significant correction in the semiconductor industry, and handing the...

By David Shepardson WASHINGTON (Reuters) -General Motors Co and LG Energy Solution do not plan to move forward with a fourth U.S. battery cell manufacturing plant, two sources...

By Michael Elkins General Motors (NYSE:GM) announced today that the carmaker plans to invest $918 million in four U.S. manufacturing sites, including $854M to prepare these...

By David Morgan and David Lawder WASHINGTON (Reuters) - The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled...

By Kylie Madry and David Shepardson MEXICO CITY/WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) has opened an office in Mexico, the regulatory body said on...

By Tassilo Hummel PARIS (Reuters) - French court on Friday ordered Uber (NYSE:UBER) to pay around 17 million euros ($18.43 million) in damages and lost salaries to a group of...

By Michael Elkins The Wall Street Journal learned today, citing people familiar with the situation, that plans for General Motors (NYSE:GM) and LG Energy Solution Ltd (KS:373220)...

By Sam Boughedda Amazon (NASDAQ:AMZN) Web Services plans to invest $35 billion in Virginia, the state's Governor, Glenn Youngkin, said Friday. The tech giant will invest the money...

By Michael Elkins One week after slashing prices by between 4% and 12% on their Model 3 vehicles, electric vehicle maker, Tesla (NASDAQ:TSLA) has pushed delivery windows back by...

By Dietrich Knauth and Andrew Goudsward (Reuters) -A U.S. judge on Friday signed off on FTX's choice of legal advisers to navigate its bankruptcy, after the collapsed crypto...

By Nell Mackenzie LONDON (Reuters) - Almost $125 billion worth of assets, from performance losses left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on...

(Reuters) -The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion after being toppled by a market rout...

By Sam Boughedda Apple (NASDAQ:AAPL) has started laying off non-seasonal employees in its retail channel outside of Apple Stores, AppleInsider said Friday. The publication said it...

(Reuters) -The U.S. Federal Reserve is probing whether Goldman Sachs Group Inc (NYSE:GS)'s consumer business had appropriate safeguards in place as the bank ramped up lending,...

By Blake Brittain (Reuters) - A U.S. appeals court on Friday affirmed a decision to throw out a $308.5 million jury verdict against Apple Inc (NASDAQ:AAPL) for allegedly...