Business
S.Korea Feb factory output rises most in six months, retail sales drop
SEOUL (Reuters) - South Korea's factory production rose in February by the fastest pace in six months, while retail sales dropped, official data showed on Friday. The industrial output index rose 3.1% in February on a seasonally adjusted monthly ...
Vista Outdoor, CSG refile notice to US regulator for approval of $1.91 billion deal
(Reuters) - Vista Outdoor and Czechoslovak Group (CSG) have withdrawn and refiled a joint voluntary notice to the U.S. foreign investment regulator regarding an ongoing deal between the companies, Vista said on Thursday. Last year, Vista Outdoor ...
Alaska Air Group says 737 Max 9 grounding may hit long-term profit growth
(Reuters) - Alaska Air Group said on Thursday the lost capacity from the Boeing 737 Max 9 fleet grounding may cause its long-term profit growth to be below its target range of 4% to 8%. (Reporting by Aishwarya Jain in Bengaluru)
Rite Aid moves ahead on restructuring as sale efforts continue
By Dietrich Knauth NEW YORK (Reuters) - Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to ...
Morning Bid: Yen wary of holiday calm as Q1 curtain falls
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Markets in Asia on Friday will be quieter and probably more range-bound than usual with most of the rest of the world closed for Good Friday, but there is always the chance ...
AI fails to detect depression signs in social media posts by Black Americans, study finds
By Nancy Lapid (Reuters) - Analyzing social media using artificial intelligence may pick up signals of depression in white Americans but not in Black counterparts, according to a study that highlights the risk of training AI models for ...
Goldman, Morgan Stanley win dismissal of lawsuits over Archegos collapse
By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Thursday dismissed seven lawsuits by investors who accused Goldman Sachs Group Inc and Morgan Stanley of misconduct that fueled the rapid March 2021 collapse of Bill Hwang's $36 billion ...
Negotiations stall between Sobeys, Sydney union employees in Cape Breton
Union employees at the Sobeys on Prince Street in Sydney are moving to conciliation as talks between them and the major grocer have stalled. Unifor Local 1971, the union representing 119 workers at the local supermarket, said it bargained with Sobeys ...
Province to contribute $850,000 toward new Centre 200 scoreboard in Cape Breton
SYDNEY, N.S. - The Nova Scotia government will contribute $850,000 toward a new scoreboard at Cape Breton’s largest arena. An announcement from Premier Tim Houston’s office on Thursday afternoon said the government will invest in Centre 200's new ...
Tesla appears unlikely to nix US suit alleging bias against Black workers
By Daniel Wiessner (Reuters) - A federal judge in California on Thursday appeared poised to reject Tesla's bid to toss out a U.S. agency's lawsuit accusing the electric carmaker of tolerating rampant harassment of Black workers at its Fremont, ...