May 17 (Reuters) - Spotify ( SPOT ) has been hit with a lawsuit in New York federal court that accuses the streaming giant of underpaying songwriting royalties for tens of millions of songs. The lawsuit, filed late Thursday by the royalty-gathering nonprofit Mechanical Licensing Collective, said that Spotify ( SPOT ) underreported its revenue by nearly half in order...

11:16 AM EDT, 05/17/2024 (MT Newswires) -- (Updates with the labor union's response in the fourth and fifth paragraphs) Canadian National Railway ( CNI ) said Thursday that it has presented labor union Teamsters Canada Rail Conference with a revised offer. The new offer eliminates the hourly rate and scheduling proposal but remains in compliance with the Canadian government's Duty...

(Reuters) - Power use in Texas will likely break records for the month of May next week as homes and businesses crank up their air conditioners to escape a spring heat wave, the state's electric grid operator projected on Friday. That heat will follow severe storms that pummeled the Houston area with hurricane-force winds on Thursday, killing at least four...

11:19 AM EDT, 05/17/2024 (MT Newswires) -- Hess (HES) shareholder D.E. Shaw intends to abstain from voting on Chevron's ( CVX ) planned $53 billion takeover of the oil company, Bloomberg reported Friday, citing an interview with managing director Jason Singer. D.E. Shaw is one of the top 15 shareholders in Hess, according to the report. (Market Chatter news is...