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Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
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Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy under an agreement with certain key lenders.
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Lululemon sues Costco for allegedly ripping off clothing designs
Lululemon sued Costco in California federal court, alleging that the wholesaler sells "knockoff" sweatshirts, jackets and pants that unlawfully copy i...
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US Supreme Court to review billion-dollar Cox Communications copyright case
The justices took up Cox's appeal of the lower court's decision that it was still liable for copyright infringement by users of its internet service d...
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Chief economist Torsten Sløk: Trump may have ‘outsmarted all of us’ on tariffs, despite my prior criticisms
A leading Wall Street economist who previously criticized President Donald Trump’s tariff strategy now admits that the 47th president may have “outsma...
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S&P 500, Nasdaq near record highs as rate-cut bets creep up
Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group's FedWatch tool.
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Ford recalls 133,000 Lincoln Aviators over risk of detaching parts
Ford is recalling 132,914 Aviator SUVs because parts, including rear door window bars, may detach due to insufficient adhesive retention.
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US safety board criticizes Boeing, FAA over 737 MAX 9 panel blowout
A National Transportation Safety Board investigation found ineffective actions by Boeing and ineffective oversight by the FAA that led to a mid-air ca...
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US power prices soar as brutal heat wave stresses power grids
power prices soared to their highest since the winter as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketin...
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Fat, not muscle: drugmakers in race for next weight-loss breakthrough
Current weight-loss methods and popular therapies like Wegovy and Zepbound result in both fat and muscle loss, which could be especially harmful for o...
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Kraft Heinz to stop launching new products with artificial colors
Kraft Heinz said it would also aim to eliminate synthetic dyes from existing items by the end of 2027.
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Top Boeing exec Pope visits Air India HQ to discuss plane crash, sources say
Discussions came four days after a London-bound Air India plane crashed in the Indian city of Ahmedabad seconds after take-off.
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Ford struggles with supply of rare earth magnets, CEO tells Bloomberg News
By Reuters June 13, 2025 – 7:41 AM PDT (Reuters) – Ford Motor Co (F.N) is struggling with supplies of rare earth…
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Boeing shares drop as Air India crash revives safety concerns
The crash of an Air India 787-8 Dreamliner jet minutes after taking off on Thursday poses a major setback for Boeing.
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US states sue 23andMe to protect customers’ private data
More than two dozen states sued 23andMe to challenge the sale of its customers' private information after the genetic testing company filed for bankru...
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Paramount to lay off 3.5% of US staff in latest job cut, memo shows
The layoff was communicated to its staff on Tuesday morning and it could affect some non-U.S. workforce over time.
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BlackRock calls antitrust claims “unprecedented, unsound and unsupported”
BlackRock and co-defendants Vanguard and State Street seek to dismiss the claims in the closely watched antitrust case.
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Fed likely to leave rates unchanged as US job market cools but doesn’t crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report cements that stance.
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