Business

NEW YORK (Reuters) — Microsoft’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized …

(Reuters) — The Florida House of Representatives approved on Wednesday a bill aimed at barring children aged 16 and younger from social media platforms, following similar action in several states to limit online risks to young teenagers. Passed by a bipartisan vote of 106 to 13, the measure would r…

(Reuters) — Procter & Gamble cut its annual profit forecast on Tuesday to reflect a write down in the value of its Gillette business, but the company’s ability to maintain healthy margins during the second quarter pushed its shares up more than 5%. The company’s profit margins held …

(Reuters) — Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal includes 42 states and Washington, D.C. The c…

LONDON (Reuters) — Fashion retailer H&M has withdrawn an ad featuring school girls after complaints that the campaign encouraged the sexualization of under-age girls. The advert, launched in Australia, featured the slogan: “Make those heads turn in H&M’s Back to School fashion&#…

MOSCOW (Reuters) — U.S. tech giant Apple has paid a Russian fine of 1.2 billion roubles ($13.65 million), imposed over the company’s alleged abuse of its dominant market position concerning in-app payments, Russia’s FAS antitrust agency said on Monday. Apple, which did not immediately r…

(Reuters) — Macy’s on Sunday rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Arkhouse Management, a real-estate-focused investing firm, and Briga…