By Noor Zainab Hussain (Reuters) – State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who[...]
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May 30, 2023
Boeing has boosted 787 Dreamliner production rate to four a month, company says
CHARLESTON, S.C. (Reuters) -Boeing has increased production of its widebody 787 Dreamliner from three to four planes per month, a company official said on Tuesday. Lane Ballard, Boeing’s vice pr[...]
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Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion con[...]
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France inaugurates first of four gigafactories in the north
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the cou[...]
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Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?
(Reuters) – Nvidia Corp soared to a trillion-dollar market value on Tuesday as shares continued to surge after a bumper earnings report that forced Wall Street to reassess the potential windfall[...]
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Goldman head of sovereign business Powell McCormick moves to merchant bank
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Dina Powell McCormick, the head of Goldman Sachs Group Inc’s sovereign business, is leaving to join merchant bank BDT & MSD Partners, the[...]
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Factbox-U.S. debt ceiling deal: Stocks that could benefit
NEW YORK (Reuters) – Here are some stocks that could benefit, according to analysts at U.S. brokerage BTIG, if U.S. lawmakers this week pass a bipartisan deal to raise the $31.4 trillion debt ce[...]
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U.S. Supreme Court declines to hear bid to sue Reddit over child porn
By Andrew Chung (Reuters) – The U.S. Supreme Court on Tuesday declined to hear a bid by child pornography victims to overcome a legal shield for internet companies in a case involving a lawsuit[...]
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US Supreme Court rejects Avery Dennison appeal on patent eligibility
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday turned away a patent dispute between labeling company Avery Dennison Corp and ADASA Inc that would have given it a chance to c[...]
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