Category: Business

U.S. Supreme Court justices on Tuesday appeared wary of barring lawsuits against American companies over alleged human rights abuses abroad but signaled they could toss out a case accusing Cargill Inc and a Nestle SA subsidiary of knowingly helping to perpetuate slavery at Ivory Coast cocoa farms. The two companies are asking the nine justices […]

Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services during the pandemic, hedge fund manager Dinakar Singh said. With vaccines against Covid on the horizon, Singh, who runs Axon Capital, expects a flood […]

Mexican dairy company Grupo Lala will end operations in Costa Rica as it aims to refocus on key markets, the firm said in a statement on Tuesday. The closure effective on December 11 will accrue a $3 million benefit in earnings before interest, taxes, depreciation and amortization (EBITDA) for Lala’s Central American business, the statement […]

The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday. The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring a series of […]

Facebook Inc’s independent Oversight Board announced on Tuesday the first six cases where it could overrule the social media company’s decisions to remove certain pieces of content from its platforms. The board, which Facebook created in response to criticism of its handling of problematic content, said it had received 20,000 cases since it opened its […]

U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday. The industry’s profits jumped 173% in the third quarter to $51.2 billion, after firms spent the first half of the year setting aside billions of dollars […]