Legal clashes await US companies covering workers’ abortion costs

Legal clashes await US companies covering workers’ abortion costs

June 27 (Reuters) – A growing number of large US companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said . Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Lyft Inc … Read more

Large US law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

Large US law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

June 26 (Reuters) – The largest US law firms did not take a public stance following the US Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case. The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi … Read more

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ if they have to travel for abortion services after the expenses US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would … Read more

US recession fears darken outlook for global growth

WASHINGTON/LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, … Read more

US Supreme Court rejects Bayer bid to nix Roundup weedkiller suits

WASHINGTON, June 21 (Reuters) – The US Supreme Court on Tuesday rejected Bayer AG’s (BAYGn.DE) bid to dismiss legal claims by customers who contend its Roundup weedkiller causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower … Read more

Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, US, March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com register FRANKFURT, May 30 (Reuters) – The US Federal Reserve should be prepared to raise interest rates by a half percentage point at every meeting from now on … Read more

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

BEIJING, May 30 (Reuters) – China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate … Read more

Locked-down Shanghai finds new cases, breaking “zero COVID” streak

Shanghai had 5 days of no cases outside quarantined areas Curbs and mass testing in two districts City plans to lift lockdown in June More cities in China bring COVID under control SHANGHAI/BEIJING, May 20 (Reuters) – Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday and imposed stricter … Read more

Architect of Allianz fraud made $60 mln as he lied to investors, US says

FRANKFURT, May 17 (Reuters) – The star portfolio manager at the center of a fraud at the US funds unit of Allianz SE (ALVG.DE) relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million in pay, US authorities said. Gregoire “Greg” Tournant, a … Read more