Bloomberg Business

JPMorgan Spoofer Sentencings Delayed as Judge Reviews Mitigation

A federal judge delayed until next week the sentencing of two former JPMorgan Chase & Co. gold traders convicted last year of spoofing, fraud and attempted market manipulation, so he can review issues raised by defense lawyers hoping to keep their clients out of prison.

NYC Kicks Off Plan to Rezone Midtown, Turn Offices to Houses

New York City is rolling out a plan to convert vacant offices into as many as 20,000 new housing units by creating a multi-agency group to help developers cut through red tape and rezoning a section of Manhattan known as Midtown South.

Synopsys Could Sell More to China Without Export Rules, CEO Says

Brisk growth in China for chip-design company Synopsys Inc. could be even greater without export restrictions, outgoing Chief Executive Officer Aart de Geus said after the company raised its outlook for revenue and profit this year.

South Africa Opposition Groups Vow to Unseat Ruling ANC in 2024 Poll

A group of South African opposition parties that aims to end the ruling African National Congress’ three-decade hold on power agreed Thursday to form a coalition government should they collectively win a majority in next year’s Parliamentary elections.

Tesla Didn’t Fix Autopilot After Fatal Crash, Engineers Say

Tesla Inc. failed to fix limitations in its Autopilot system following a gruesome Florida crash that killed a driver in 2016, company engineers said in a family’s lawsuit over a very similar 2019 fatal collision that’s headed to a jury trial.

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