By Jonathan Stempel and Mike Scarcella (Reuters) – A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrus[...]
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August 28, 2023
San Francisco Fed’s chief of supervision to retire
(Reuters) – Azher Abbasi, head of supervision at the San Francisco Federal Reserve, will retire at the end of October, the bank’s spokesperson said on Monday. Abbasi will be succeeded by N[...]
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Marketmind: China’s stock flame fizzling already?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets look set to open on a fairly strong footing on Tuesday, sup[...]
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Intel says new ‘Sierra Forest’ chip to more than double power efficiency
By Stephen Nellis (Reuters) – Intel on Monday said a new data center chip coming out next year will handle more than double the amount of computing work that can be done for each watt of power u[...]
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US raises concerns by Micron, Intel with China
By David Shepardson BEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo discussed concerns about restrictions on American businesses including Intel and Micron Technology with Chinese Commerce Mi[...]
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US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed most of a lawsuit where Germany’s Commerzbank sought to hold Bank of New York Mellon liable for more than $1 billi[...]
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Drugmaker Mallinckrodt files for second bankruptcy in US
By Dietrich Knauth (Reuters) – Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what[...]
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US stocks close green, Treasury yields waver as crucial data awaits
By Stephen Culp NEW YORK (Reuters) – Wall Street ended higher and U.S. Treasury yields retraced earlier gains on Monday, capping the first session of a week likely to be light in volume but heav[...]
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Harris, Yellen tout unions’ economic benefits with new Treasury report
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris and Treasury Secretary Janet Yellen held a rare joint press call on Monday to tout the benefits of union membership, releasing a new Trea[...]
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