(Reuters) -Amazon.com is responsible under federal safety law for hazardous products sold by third-party sellers on its platform and bears legal responsibility for their recall,
Month: July 2024
American Tower raises annual forecast for key profit metric on strong leasing demand
(Reuters) – Real estate investment trust American Tower raised its forecast for annual adjusted funds from operations (AFFO) and beat second-quarter revenue estimates on Tuesday,
Kamala Harris launches $50 million ad blitz in US presidential race
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris launched a $50 million advertising blitz on Tuesday, capitalizing on the momentum of a fledgling campaign against
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
By Mike Scarcella and Jody Godoy (Reuters) -Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook
Philips beats Q2 estimates boosted by cost savings, insurance payout
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Philips reported second-quarter results that exceeded analysts’ expectations on Monday, boosted by cost savings from job
McDonald’s posts surprise drop in quarterly global sales as spending slows
(Reuters) -McDonald’s reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting
Explainer-The Fed nears its 2% solution after a punishing bout of rising prices
By Howard Schneider WASHINGTON (Reuters) – Inflation is nearing the Federal Reserve’s 2% target, and the central bank is expected to begin cutting interest rates
Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser
(Reuters) -Abbott Laboratories’ shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to
3M raises full-year profit forecast on demand recovery, cost cuts
(Reuters) -3M Co raised the low end of its full-year adjusted profit forecast on Friday expecting to benefit from restructuring measures and increasing demand for
Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast
(Reuters) – Deckers Outdoor shares jumped 11% to $932 before the bell on Friday after the sportswear company raised its annual profit forecast, betting on