Business News

A pedestrian passes a “Help Wanted” sign in the door of a hardware store in Cambridge, Massachusetts, July 8, 2022. WASHINGTON (Reuters) —  U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters of the payrolls gain and the …

People walk on a crosswalk at a business district in central Tokyo, Japan, September 29, 2017. TOKYO (Reuters) — Japan faces a shortage of almost one million foreign workers in 2040 if the government wants to achieve its economic growth goals as the population dwindles, an estimate from a state-bac…

A man looks at an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. SINGAPORE (Reuters) — Asian stocks rose on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectations that U.S. rate cuts were not far off, while the yen s…

Ernesto Tanmantiong, president and CEO of Jollibee Foods Corp., poses with Jollibee products outside a Jollibee branch in Pasig City, Metro Manila, the Philippines, July 30, 2019. (Reuters) — The Philippines’ biggest fast-food chain Jollibee Foods will acquire a majority stake in South Korea&…

Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia, Aug. 12, 2022. SINGAPORE (Reuters) — Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwind…

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., Aug.19, 2022. WASHINGTON (Reuters) — U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawin…

A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, May 9, 2019. WASHINGTON (Reuters) — The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsui…

CITY OF INDUSTRY, Ca. (USDOL) — The U.S. Department of Labor has obtained a consent judgment in a federal court ordering a City of Industry meat processor and a Downey staffing agency to surrender $327,484 in illegal profits made from sales of products associated with oppressive, exploitative child…

A woman shops in a supermarket in Los Angeles, California, June 13, 2022. WASHINGTON (Reuters) — U.S. consumer confidence eased slightly in June amid worries about the economic outlook, but households were upbeat about the labor market and their inflation expectations over the next year improved a …

A view of the Phillips 66 Company’s Los Angeles Refinery, foreground, which processes domestic and imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal, background, at sunset in Carson, California, M…