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Lowe’s to pay $12.5 million US fine for lead paint violations

By Jonathan Stempel (Reuters) -Lowe's will pay a $12.5 million civil fine to resolve U.S. government accusations that contractors hired by the home improvement retailer did not take appropriate safety precautions when renovating homes containing lead paint. The Department of Justice and the Environmental Protection Agency ...
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US judge approves Elliott affiliate bid for Citgo Petroleum parent

By Marianna Parraga HOUSTON (Reuters) -A U.S. judge on Tuesday adopted a recommendation for the approval of a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum's parent, clearing the way to order the sale of the ...
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JetBlue ground workers seek union vote, IAM says

(Reuters) -The International Association of Machinists and Aerospace Workers (IAM) said on Tuesday it will file for union representation election covering about 3,000 JetBlue ground workers. JetBlue workers voted against unionizing in 2023, after what the IAM described as an anti-union campaign by the airline's ...
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Campbell’s IT chief on leave after lawsuit claims he said company’s food is for ‘poor people’

The Campbell's Co. said Tuesday it has placed one of its executives on leave while it investigates claims that he made racist comments and mocked the company's products and customers in an audio recording. Martin Bally, Campbell's vice president of information technology, was named in ...
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Warner Bros Discovery seeks improved bids by December 1, Bloomberg News reports

(Reuters) -Warner Bros Discovery has asked potential buyers to submit improved offers by December 1, Bloomberg News reported on Tuesday, citing people familiar with the matter. The parent of HBO and CNN last month said it was exploring its options for sale. Since then, it ...
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S&P Global puts Under Armour’s ratings on downgrade watch

By Matt Tracy WASHINGTON (Reuters) -Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's ratings on watch for potential downgrades. In a Tuesday report accompanying its outlook change, S&P cited Under Armour's continued restructuring challenges and persistent sales declines, including a 16% drop ...
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US bank regulator approves relaxed leverage rules

By Pete Schroeder WASHINGTON (Reuters) -A U.S. bank regulator approved new final rules aimed at easing leverage requirements for banks, requiring firms to set aside less capital as a cushion against losses of low-risk assets. The Federal Deposit Insurance Corporation approved the new final rules for ...
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J.M. Smucker forecasts annual profit below estimates as coffee inflation bites

(Reuters) -J.M. Smucker on Tuesday forecast annual profit below analysts' estimates as a surge in coffee costs is expected to squeeze its margin, sending shares of the food maker down 3%. The parent company of Folgers coffee, which imports green coffee mainly from Brazil and ...
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Exclusive-Lukoil co-founder Fedun sells his stake back to company, sources say

By Anna Hirtenstein and Dmitry Zhdannikov LONDON/MOSCOW (Reuters) -Leonid Fedun, a co-founder of Lukoil, has sold his roughly $7 billion stake in the Russian company, three sources said and data showed, completing a 30-year ride that made Lukoil a global force but lately saw it ...
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As Black women face unemployment challenges, a roundtable of policymakers searches for solutions

In a packed room at library in a downtown Boston, Rep. Ayanna Pressley posed a blunt question: Why are Black women, who have some of the highest labor force participation rates in the country, now seeing their unemployment rise faster than most other groups? The ...
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Toronto Stock Exchange parent sees stronger IPO market heading into 2026

By Anirban Sen NEW YORK (Reuters) -TMX Group, which operates the Toronto Stock Exchange, is expecting a big pickup in stock market listings heading into 2026, boosted by a robust pipeline of companies that are aiming to tap the capital markets in the coming months, ...
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Ethiopian volcano subsides, leaving a trail of disruption and canceled flights

ADDIS ABABA, Ethiopia (AP) - Volcanic activity in northern Ethiopia's long-dormant Hayli Gubbi volcano subsided Tuesday after an eruption over the weekend that left a trail of destruction in nearby villages and caused flight cancellations after ash plumes disrupted high-altitude flight paths. Villages in the ...
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