By Jonathan Stempel July 20 (Reuters) – Capital One persuaded a Maryland federal judge on Monday to dismiss a proposed class-action lawsuit accusing the bank of charging excessive interest rates to credit-card customers. U.S. District Judge Theodore Chuang rejected the claim that the federal Nationa
July 20 (Reuters) – Cardinal Health said on Monday it has agreed to buy AdaptHealth’s diabetes health business and medical supply provider Strive Medical in separate deals for about $360 million in total, expanding its home care business. Here are some details • The Dublin, Ohio based company said t
July 20 (Reuters) – Commercial insurer W. R. Berkley reported a rise in second-quarter profit on Monday, boosted by robust investment gains and steady underwriting performance. Demand for insurance remained resilient as households and businesses continued to seek protection against large and unpredi
By Anjana Anil and Sheila Dang HOUSTON, July 20 (Reuters) – Chevron is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two, the company said in a statement on Monday. The U.S. oil
WASHINGTON (AP) — Byron Donalds, a Republican congressman running for Florida governor, on Monday announced legislation intended to prevent artificial intelligence data centers from driving up utility costs, the latest sign of a political backlash over the new technology. The proposal, if passed by
By Dietrich Knauth NEW YORK, July 20 (Reuters) – JetBlue won an auction for bankrupt Spirit Airlines’ takeoff and landing slots at New York’s LaGuardia airport for a purchase price of $58.5 million, according to court documents. • Spirit is selling the right to 12 daily departure slots and 10 arriva
US gas prices back up to an average of $4 a gallon as Iran war heats up NEW YORK (AP) — U.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks. According to AAA, the national average for a gallon of regular gasoline is now back to $4. The average pric
By Jody Godoy and Dawn Chmielewski July 20 (Reuters) – A coalition of states led by California won a pause of Paramount’s $110 billion acquisition of Warner Bros. Discovery on Monday, after they argued letting the merger close would irreparably harm competition. California and 11 states sued on July
WASHINGTON (AP) — President Donald Trump and his White House have enthusiastically promoted the Freedom Fuel Network, a chain of star-spangled convenience stores selling gas at $3.47 per gallon in honor of the 47th president. Untangling exactly who is behind the Philadelphia-area venture has proven
By Iain Withers FARNBOROUGH, England, July 20 (Reuters) – Private investors are needed to funnel cash into European defence companies to plug the gap left by cash-strapped governments, but too often bottlenecks and barriers are discouraging investment, senior finance executives told the Farnborough
By Michael S. Derby July 20 (Reuters) – Americans’ application rate for new credit over the last year hit its highest level in nearly five years in June, new data from the Federal Reserve Bank of New York released Monday said. The bank said that the rate of applying for new credit of any type was at
By Jonathan Stempel July 20 (Reuters) – A federal appeals court on Monday decertified a shareholder class action accusing Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, prior to the January 2024 mid-air cabin panel blowout on an Alaska Airlines 737 MAX 9.
July 20 (Reuters) – Google is developing a new server chip that would incorporate elements of its Gemini model directly into the hardware, in a bid to serve its AI models more efficiently to users, the Information reported on Monday, citing people familiar with the matter. The Alphabet-owned company
By Tim Hepher and Shivansh Tiwary FARNBOROUGH, England, July 20 (Reuters) – GE Aerospace has carried out the world’s first high-altitude flight assisted by hybrid-electric propulsion, it said on Monday, part of an arsenal of technologies for future jet engines being showcased at this year’s Farnboro
July 20 (Reuters) – Wall Street’s main indexes opened higher on Monday, as chip stocks recovered from last week’s pullback and investors awaited a key slate of earnings from major technology companies that have powered the market’s AI-driven rally. The Dow Jones Industrial Average rose 8.2 points, o
THE HAGUE, Netherlands (AP) — The European Commission on Monday fined Chinese online marketplace AliExpress 550 million euros ($629 million) for failing to adequately crack down on the sale of unsafe and counterfeit products on its site. The fine, the biggest ever imposed for breaches of the 27-nati
FARNBOROUGH, England, July 20 (Reuters) – Philippine Airlines confirmed 15 firm orders for Boeing 787-10s on Monday, with purchase rights for another five of the widebody jetliners. If the airline buys all 20, the deal is worth about $3.4 billion, based on estimated prices after discounts, according
By Alexander Marrow and Lisa Jucca LONDON, July 20 (Reuters) – Coty’s $400 million deal to exit its flagship Gucci Beauty licence a year early will cost it a big chunk of near-term earnings, but could prove a turning point for the struggling beauty brand under interim CEO Markus Strobel. The decisio
PARIS (AP) — French lawmakers are racing against the clock to reach a compromise that would allow a bill banning social media for children under 15 to possibly enter into force at the start of the new school year in September. With Parliament’s summer recess looming, time is running out. Seven membe
(Refiles to capitalize subhead) By Pragyan Kalita July 20 (Reuters) – Permira-backed womenswear retailer Reformation is targeting a valuation of up to $1 billion in its U.S. initial public offering, marking a rare public-market foray for a fashion brand in recent years. The Vernon, California-based
By Joanna Plucinska and Conor Humphries FARNBOROUGH/DUBLIN, July 20 (Reuters) – Airline executives on Monday cautioned planemakers Boeing and Airbus not to rush out a new generation of commercial jets without ensuring their technology is mature enough. “I’m not keen to see a new narrow body in a 203
July 20 (Reuters) – LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said on Monday. Shares of LXP were up 4% in premarket trading. The acquisition highlight
By Shivansh Tiwary and David Shepardson FARNBOROUGH, England, July 20 (Reuters) – Archer Aviation and defense technology company Anduril unveiled a co-developed autonomous aircraft platform on Monday, as aerospace startups increasingly tap partnerships that can lower development costs and speed up c
By Anuja Bharat Mistry and Shania S Thomas July 20 (Reuters) – Domino’s Pizza’s quarterly revenue edged past Wall Street estimates on Monday as growth in its supply-chain business offset softer demand at its restaurants, where cautious consumers curbed discretionary spending. Shares of the company,
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG, July 20 (Reuters) – Chinese startup Moonshot AI has temporarily paused new subscriptions after demand for its newly launched Kimi K3 model strained capacity, a bottleneck that comes as the company seeks fresh funding and prepares for a potential Hong Ko
FRANKFURT, July 20 (Reuters) – Euro zone firms expect selling prices to rise more moderately and see a slowdown in wage growth, an ECB survey showed on Monday, adding to evidence that a recent energy-driven inflation surge has yet to generate second-round price impacts. Inflation is hovering near 3%
July 20 (Reuters) – Honeywell Aerospace said on Monday that Indian airline IndiGo had selected its avionics and power systems for 810 Airbus A320neo-family aircraft, while Aeromexico plans to deploy runway safety technology from the aerospace company across more than 100 Boeing jets. In separate sta
SYDNEY, July 20 (Reuters) – KPMG Australia said on Monday it imposed penalties of up to A$180,000 ($125,838) on a group of staff after an internal probe into an audit leak scandal confirmed the “unacceptable” misuse of confidential client information. Seven people have been sanctioned, with conseque
SEOUL, July 20 (Reuters) – Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has enough capital. The 24-year-old South Korean unive
SINGAPORE, July 20 (Reuters) – China’s exports of strategically important, controlled rare earths and minerals to Japan were tiny again in June, extending the raw material fallout of a diplomatic spat between the two nations. China sent no gallium, dysprosium, terbium or yttrium to Japan last month,
