Monday, 17 January 2022

Reuters Business: Lawsuit against Amazon filed in tornado swarm that left 6 dead in Illinois warehouse

Lawsuit against Amazon filed in tornado swarm that left 6 dead in Illinois warehouse

The family of an Amazon.com delivery truck driver in Illinois who died in December when a warehouse was destroyed by a swarm of tornadoes that killed six people there, filed a lawsuit against the online retailer on Monday over his death.

Bain Capital weighs bid for stake in Sodexo benefits unit – sources

Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group's turnaround, sources told Reuters.

Activision Blizzard fires more people in sexual harassment, probe, report says

Activision Blizzard Inc has fired or pushed out more than three dozen employees and disciplined another 40 since July to address allegations of sexual harassment and other misconduct at the videogame company, the Wall Street Journal reported on Monday.

EXCLUSIVE Major U.S. airline CEOs warn 5G could ground some planes, wreak havoc

The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service.

EXCLUSIVE French power policy shift has left EDF in shock, CEO says

The CEO of EDF on Monday broke with the convention that bosses of French state companies don't criticise the government to express "real shock" and indignation after the utility was told to sell more power to rivals at below-market prices.

Aeromexico shareholders back capital increase in restructuring plan

Mexican carrier Aeromexico said on Monday that its shareholders have approved a capital increase as part of its restructuring plan to emerge from bankruptcy.

Horta-Osorio's broken promise the final straw at embittered Credit Suisse

After taking over as chairman of Credit Suisse, Antonio Horta-Osorio pledged to develop a culture of personal accountability at the Swiss bank following a string of scandals.

Five things to know about Credit Suisse's new chairman Lehmann

Credit Suisse's chairman Antonio Horta-Osorio resigned on Monday following an investigation by the Swiss bank's board into his personal conduct.

Cognac sales jump 31% as drinkers go upmarket

Cognac sales surged by a nearly a third last year as American and Chinese drinkers guzzled old vintages, in the latest sign premium drinks makers are putting the pandemic behind them.

Firms see increasing labor shortages and wage pressures - Bank of Canada survey

OTTAWA, Jan 17 (Reuters) - Canadian firms see labor shortages intensifying and wage pressure increasing, with strong demand growth and supply chain constraints putting upward pressure on prices, a regular Bank of Canada survey said on Monday.

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