By Daniel Wiessner (Reuters) – A federal judge in California has dismissed most of First Citizens BancShares’ $1 billion lawsuit accusing HSBC of poaching more than 40 employees of Silicon[...]
Read more
July 10, 2024
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
By Jonathan Stempel (Reuters) -Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buyin[...]
Read more
Fed’s Powell: Will act ‘when and as’ needed, regardless of election
(Reuters) – U.S. Federal Reserve Chair Jerome Powell on Wednesday said the central bank would make decisions on interest rates “when and as they need to be made” with no consideratio[...]
Read more
JetBlue seeks to block United from winning new Washington DC area flight
By David Shepardson WASHINGTON (Reuters) -JetBlue Airways asked the U.S. Transportation Department on Wednesday to disqualify United Airlines from winning one of five new round-trip flights from conge[...]
Read more
Microsoft in $22 million deal to settle cloud complaint, ward off regulators
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft has clinched a 20-million-euro ($21.7 million) deal to settle an antitrust complaint about its cloud computing licensing practices, averting an EU antitru[...]
Read more
Stellantis to recall 332,000 U.S. vehicles over faulty seat belt buckle sensors
(Reuters) -Stellantis is recalling 332,000 Alfa Romeo, Jeep, and Fiat vehicles in the United States over a concern with faulty seat belt sensors, the U.S. National Highway Traffic Safety Administratio[...]
Read more
Michigan lowers incentives for Ford EV battery plant to match reduced output
(This July 9 story has been corrected to say that Mike Gallagher is now a former member of Congress, in paragraph 7) By Nora Eckert DETROIT (Reuters) – Ford Motor is receiving a reduced incentiv[...]
Read more
Asia leads as EM portfolios see 8th consecutive month of inflows -IIF
By Rodrigo Campos (Reuters) – Emerging market portfolios attracted foreign inflows for an eighth consecutive month in June with flows to Asia ex-China taking the lion’s share, but the high[...]
Read more
ADM names 3M’s Patolawala as its CFO amid US government investigation
(Reuters) -Archer-Daniels-Midland named manufacturing giant 3M’s Monish Patolawala as its CFO on Wednesday, as the grain trader tries to steer its way through multiple U.S. government investigat[...]
Read more