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Lawsuit seeks to stop Trump’s $100,000 fee for H-1B visas

SEATTLE (AP) — In what appears to be the first major challenge to the new $100,000 fee required for H-1B visa applications, a coalition of health care providers, religious groups, university professors and others filed a federal lawsuit Friday to stop the plan, saying ...
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Factbox-How hedge funds performed in September

By Nell Mackenzie and Anirban Sen LONDON (Reuters) -Hedge funds returned 1.3% in September, with managers in Europe, Asia and the Middle East outperforming their North American rivals, according to a JPMorgan client note on Thursday, seen by Reuters on Friday. Global equities in September climbed 3.4%. ...
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Toyota to resume production at two Brazilian plants after weather disruption

SAO PAULO (Reuters) -Japanese carmaker Toyota is set to resume vehicle production at two Brazilian plants, both in Sao Paulo state, starting November 3, after damages and disruptions from heavy rain and winds halted operations last month, the company said on Friday. In a statement, ...
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Universal to reopen Stardust Racers ride two weeks after man’s death

ORLANDO, Fla. (AP) — Universal Orlando Resort plans to reopen its Stardust Racers ride at Epic Universe more than two weeks after a 32-year-old man died of blunt force injuries after going on the high-speed roller coaster. Signs will be updated to reinforce existing warnings ...
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Newsom signs bill giving 800,000 Uber and Lyft drivers in California the right to unionize

SACRAMENTO, Calif. (AP) — More than 800,000 drivers for ride-hailing companies in California will soon be able to join a union and bargain collectively for better wages and benefits under a measure signed Friday by Gov. Gavin Newsom. Supporters said the new law will ...
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Union Pacific locomotive engineers ratify new five-year contract

(Reuters) -Locomotive engineers at Union Pacific voted to ratify a new five-year contract with the railroad operator, the BLET-Teamsters union said on Friday. Under the new contract, nearly 6,000 members represented by the Brotherhood of Locomotive Engineers and Trainmen, a division of the rail conference ...
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AbbVie expects $2.7 billion R&D charge in third quarter, lowers annual profit forecast

(Reuters) -AbbVie expects third-quarter earnings to include a $2.7 billion charge related to in-process research and development (IPR&D) expenses, the drugmaker said in a regulatory filing on Friday. It also forecast third-quarter adjusted earnings per share in the range of $1.74 to $1.78, including the ...
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No payrolls, no problem as Wall Street extends run of highs

By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks were on course for a solid weekly gain and more record highs as the seemingly unstoppable rally in tech shares and expectations of lower U.S. interest rates helped to offset uncertainty surrounding the ...
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Spirit Airlines to cut nearly 100 aircraft from its fleet, CFO says

(Corrects CFO name to Fred Cromer) By Sabrina Valle NEW YORK (Reuters) -Spirit Airlines plans to shrink its fleet by nearly 100 aircraft and exit different U.S. markets as part of a sweeping restructuring under Chapter 11, CFO Fred Cromer said on Friday during a ...
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Falling ocean shipping rates put carrier profits at risk, analysts say

By Lisa Baertlein LOS ANGELES (Reuters) -A slump in ocean shipping demand since U.S. President Donald Trump imposed a raft of new tariffs on trade partners earlier this year has helped send ocean container rates to their lowest since January 2024, threatening profits at major ...
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For a jobs day data fix in a US shutdown, here is what the experts are saying

By Howard Schneider WASHINGTON (Reuters) -With U.S. Bureau of Labor Statistics employees furloughed due to the federal government shutdown, the agency’s website shows a release from Wednesday as its most recent data update instead of the monthly employment report for September that had been scheduled ...
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Brazil’s Weg to sell locally made EV chargers to Europe next year

By Alberto Alerigi SAO PAULO (Reuters) -Brazilian motor maker Weg is set to begin selling made-in-Europe EV battery chargers to that same market next year, while it also looks to ramp up planned investments in Mexico to meet rising demand for electrical parts there, executives ...
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