Lululemon has filed a lawsuit against Costco that accuses the wholesale club operator of selling lower-priced duplicates of some of its popular athleisure clothing. Lululemon Athletica claims in its lawsuit filed in the U.S. District Court for the Central District of California that Costco has “unlawfully traded” on its reputation, goodwill and sweat equity by [...]
MEXICO CITY (AP) — Mexico and the United States said they would gradually reopen the United States border to cattle imports from Mexico this month after U.S. agriculture officials suspended them in May due to fears of the northward spread of the screwworm, agriculture officials in both countries said. U.S. Agriculture Secretary Brooke Rollins said [...]
WASHINGTON (AP) — A proposal to deter states from regulating artificial intelligence for a decade was soundly defeated in the Senate, thwarting attempts to insert the measure into President Donald Trump’s budget bill. The Senate voted 99-1 to strike the AI provision from the legislation after weeks of criticism from both Republican and Democratic governors [...]
MADISON, Wis. (AP) — The U.S. Supreme Court announced it will review whether Michigan Attorney General Dana Nessel’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel belongs in state court. Nessel sued in state court in June 2019 seeking to void the easement that allows the Enbridge [...]
Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks. The Justice Department had sued to block the acquisition, saying it could eliminate competition, raise prices and reduce innovation. The settlement, which is subject to court approval, calls for Hewlett [...]
BUENOS AIRES, Argentina (AP) — The fate of Argentina’s state-run oil company was thrown into doubt this week as an American judge ordered the cash-strapped country to give up its 51 percent controlling stake in YPF in partial compensation for seizing the shares of former investors during its 2012 nationalization of the energy group. The [...]
NEW YORK (AP) — All the nation’s major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said last week, but the test conducted by the central bank was less vigorous than it had been in previous years. All 22 banks tested this year would have remained solvent and [...]
LOS ANGELES (AP) — New data show an increase in home purchase agreements falling through before they’re finalized. Approximately 6 percent of pending contracts to buy a home were canceled in May, down from 7 percent in April, but up from 5 percent in May last year, according to data from National Association of Realtors. [...]
TORONTO (AP) — Canadian Prime Minister Mark Carney said late Sunday that trade talks with the United States have resumed after Canada rescinded its plan to tax American technology firms. President Donald Trump last week said that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, [...]