BloombergMore from BloombergRegulation & ComplianceAmazon Keeps Prices "Artificially High," California AllegesState Attorney General Rob Bonta on Sept. 14 announced the antitrust suit challenging Amazon merchant agreements that bar sellers from offering lower prices on other sites and impose stiff penalties if they do.September 20, 2022RetailTwo Swedish Delivery Startups Merge at $1.7 Billion ValuationThe new company, Instabee, will be owned by the respective founders of the two startups as well as by Kinnevik AB, an 80-year-old investment firm started by the Stenbeck family.September 20, 2022Global Trade & EconomicsGranholm’s Call to Build U.S. Fuel Stockpiles Is a Losing PropositionDiesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.September 19, 2022All LogisticsU.S. Steel Says Accelerating Headwinds Eroding Metal DemandThe Pittsburgh-based producer said demand has dropped across most of its markets amid persistent supply-chain problems and higher costs for raw materials and energy in Europe.September 16, 2022Global Trade & EconomicsU.S. Manufacturing Output Increases for a Second Straight MonthU.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.September 15, 2022All LogisticsZara Owner’s Profit Jumps as Price Increases Outpace CostsInditex SA is increasing prices by more than surging inflation rates, making the owner of the Zara fashion chain a standout among retailers getting hit by higher costs and shaky consumer demand.September 15, 2022Air CargoGermany Sells Full Stake in Lufthansa at $760 Million ProfitGermany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.September 14, 2022Global Trade & EconomicsBiden Signs Order to Boost Bio-Manufacturing, Compete with ChinaPresident Joe Biden signed an executive order laying out a strategy to bolster domestic bio-manufacturing and reduce reliance on China for new medicines, chemicals and other products.September 14, 2022AutomotiveTraton Sees $560 Million Hit on Russia Sales Units DisposalTraton SE is disposing of the sales and financing operations of its MAN and Scania truck-making businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).September 13, 2022Rail & IntermodalWhite House Pushes Railroads, Unions to Avert Crippling StrikeThe White House urged labor unions and freight-rail operators to come to an agreement in contract talks, with mounting concern that a strike as soon as Sept. 16 could damage the U.S. economy and Democrats’ midterm election prospects.September 13, 2022Previous PagePage 157 of 357Next Page
