Category: Business

Alphabet Inc’s Google has asked a U.S. judge in Texas to transfer an antitrust lawsuit filed by 10 states in December to a court in California, a state that has more relevant witnesses and documents needed by the company, it said. In December, Texas and nine other states sued Google LLC in a U.S. court […]

U.S. supermarket chain Kroger Co said on Wednesday it had blocked Indiana Oath Keepers, a far-right militia group, from receiving donations collected from customers after drawing flak from a number of social media users. Investigators of the U.S. Capitol breach on Jan. 6 accused members of Oath Keepers of organizing the riot that left five […]

Tyson Foods Inc said on Wednesday it will pay $221.5 million to settle litigation by three groups of plaintiffs that accused it of illegally conspiring to inflate chicken prices. The settlements with so-called “end-user” consumers, commercial purchasers, and purchasers that bought chickens directly from Tyson require approval by a federal judge in Chicago. Tyson did […]

The European Union hailed Joe Biden’s inauguration later on Wednesday as U.S. president as a “new dawn” for Europe and the United States, while insisting U.S. technology companies should be regulated to stop the “dark forces” of hate speech online. The EU and the United States are the world’s top trading powers, along with China, […]

U.S. homebuilder confidence in the market for single family homes unexpectedly fell in January, pulled down by surging COVID-19 infections and more expensive lumber, though the housing market remains underpinned by record low mortgage rates. The NAHB/Wells Fargo Housing Market index slipped to a reading of 83 this month from 86. Economists polled by Reuters […]

Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month that […]

New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said. With the endorsement of Alibaba, its biggest shareholder, Best has tapped financial advisers to explore options as its shares have been […]