By Jonathan Stempel (Reuters) – Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to wa[...]
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July 7, 2023
Twitter may face difficulties showing Meta stole trade secrets
By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media gia[...]
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U.S. appeals court upholds Venezuela creditors ability to sue
(Reuters) – A U.S. court of appeals on Friday rejected Venezuela’s bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgm[...]
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China ends Ant Group’s regulatory revamp with nearly $1 billion fine
By Julie Zhu and Jane Xu HONG KONG (Reuters) -Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech comp[...]
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Yellen criticizes China’s ‘punitive’ actions against US companies, urges market reforms
By Andrea Shalal and Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized its recent tough actions against U.S. companies[...]
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US labor secretary sees no need now to step into UPS-Teamsters talks
By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Acting U.S. Labor Secretary Julie Su said on Friday she does not see a need at this stage to step in to urge parties to reach a deal in contrac[...]
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Oil prices up 3% to 9-week high on supply concerns
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow eco[...]
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Senate banking panel to vote on Fed nominees Wednesday
(Reuters) – The U.S. Senate Banking Committee will vote on Wednesday on whether to advance President Joe Biden’s pick for the Federal Reserve’s next vice chair, current Fed Governor[...]
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UAW wants EPA to soften vehicle emissions plan
By David Shepardson WASHINGTON (Reuters) -The United Auto Workers union on Friday called on the Biden administration to soften its proposed vehicle emissions cuts that would require 67% of new vehicle[...]
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