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FDA proposes ban on Orange B, a food dye not used for decades

Federal regulators are proposing to remove another artificial dye from the U.S. food supply — Orange B, a synthetic color that hasn’t been used in the U.S. for decades. The U.S. Food and Drug Administration said Wednesday that it would seek to repeal the ...
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What a possible Fed rate cut would mean for your finances

NEW YORK (AP) — The Federal Reserve is expected to cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled. That means Americans are dealing with ...
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Jaden Smith is moving to Paris as men’s creative director for Christian Louboutin

Fashion-forward Jaden Smith has been hired as men’s creative director by Christian Louboutin and is moving to Paris, according to a report. In a lengthy story with Louboutin and Smith confirming the news, Women’s Wear Daily said the founder of the red-sole shoe brand will ...
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Embraer says Brazil plants operating normally as metalworkers call strike

By Gabriel Araujo and Alberto Alerigi SAO PAULO (Reuters) – Planemaker Embraer said on Wednesday that its plants in Brazil were operating normally after a union representing metalworkers announced a strike for an indefinite period of time, demanding higher salaries. The metalworkers ...
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US SEC hands victory to IPO issuers who want to avoid class-action lawsuits

By Douglas Gillison WASHINGTON (Reuters) – A divided Securities and Exchange Commission on Wednesday handed a victory to companies that want to shield themselves from investor class action lawsuits, making it easier for firms seeking to go public to require that ...
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Brazil’s antitrust watchdog approves acquisition of Wickbold by Bimbo

SAO PAULO (Reuters) -Brazil’s antitrust watchdog CADE unanimously approved on Wednesday the acquisition of local bakery group Wickbold by Mexico’s Bimbo, but imposed restrictions that include some asset divestitures. CADE decided that Bimbo must sell the brands Ta Pronto, Wickbold and Nutrella. Additionally, the divestments ...
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WaterBridge Infrastructure valued at nearly $3 billion as shares jump in NYSE debut

(Reuters) -WaterBridge Infrastructure’s shares jumped 25% in their debut on the New York Stock Exchange on Wednesday, giving the midstream water management firm a market valuation of nearly $3 billion.(Reporting by Ankita Bora and Arasu Kannagi Basil in Bengaluru; Editing by Shilpi ...
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Amazon spends $1 billion to increase pay and lower health care costs for US workers

NEW YORK (AP) — Amazon says it’s making a $1 billion investment to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said Wednesday the average pay is increasing to more than $23 per ...
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Neighbors help neighbors with resources like clothing swaps, community fridges

When Cassie Ridgway held her first clothing swap in Portland, Oregon, 14 years ago, she had a few goals: keep clothes out of landfills, help people find free fashion treasures and build community. The swap attracted about 150 people, and grew from there. Now, the ...
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General Mills keeps annual outlook as North America demand softens

By Anuja Bharat Mistry General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America. Rising consumer prices and a cooling U.S. labor market have squeezed household budgets, ...
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US SEC again extends deadline for private funds to supply enhanced data on risk 

WASHINGTON (Reuters) -A divided U.S. Securities and Exchange Commission on Wednesday voted 3-1 to extend for a second time the deadline for private investment funds to comply with Biden-era regulations requiring enhanced disclosures. Along with the Commodity Futures Trading Commission, the SEC last year approved rules ...
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Morgan Stanley combines two investment banking teams to create Global Power and Energy Group, memo says 

NEW YORK (Reuters) -Morgan Stanley is combining two investment banking teams, Global Energy and Global Power and Utilities, into a new Global Power and Energy Group. According to a memo sent on Wednesday, the group co-heads will be Jon Fouts and Michael O’Dwyer and the ...
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