By Jonathan Stempel (Reuters) -Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, D.C. federal court, …
US SEC sues Elon Musk over late disclosure of Twitter stake Read More »
A look at the day ahead in European and global markets from Stella Qiu Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the U.S. is set to decide whether the relentless selling in the global bond market resumes. …
TOKYO (Reuters) – Japan’s Nippon Steel remains interested in working with the incoming administration of Donald Trump to try to seal a takeover of U.S. Steel, its vice chairman Takahiro Mori said an opinion piece in the Wall Street Journal. Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden …
Nippon Steel wants to work with Trump administration on US Steel deal, Mori tells WSJ Read More »
By Stephen Nellis (Reuters) – A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to U.S. President Joe Biden complaining that new export controls expected this week were rushed through without consulting them. The Biden administration on Monday released regulations on where computing chips from Nvidia can be placed around …
Chip industry groups slam expected rules in private letter to Biden Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks oscillated between gains and losses throughout the day. Equities received an …
S&P 500 edges higher, Nasdaq dips in choppy session as inflation data eyed Read More »
(Reuters) – Warner Bros Discovery has appointed Anthony Noto, CEO of fintech giant SoFi, and Joey Levin, the outgoing chief executive of IAC, to its board, the company said on Tuesday. The media giant is undergoing a restructuring to separate its declining cable TV businesses, such as CNN, from streaming and studio operations, setting the …
Warner Bros Discovery adds SoFi CEO, outgoing IAC chief executive to board Read More »
By Kantaro Komiya TOKYO (Reuters) – Japanese manufacturers’ sentiment recovered in January after a dip last month thanks to better conditions for materials industries, but their outlook remains flat due to uncertainty over proposed Trump policies, the Reuters Tankan poll found. The improving business confidence is positive for the Bank of Japan’s (BOJ) view that …
Japan manufacturers’ mood rebounds in Jan, outlook stays flat – Reuters Poll Read More »
By Deena Beasley SAN FRANCISCO (Reuters) – Biogen expects revenue from new launches to exceed its current sales by 2028 and does not feel the need to chase additional business development deals, the company’s CEO said. “The view out there in the analyst community is that the future of Biogen depends on the next deal …
Biogen CEO sees no burning need for more acquisitions Read More »
By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department will tell a Senate committee on Wednesday he aims to ensure worldwide trust in U.S. planemaker Boeing after a 2024 mid-air emergency. “I will work with Congress and the FAA to restore global confidence in Boeing and to ensure our …
(Reuters) – The U.S. Federal Trade Commission has prepared a lawsuit against Deere & Co alleging the company’s agricultural equipment repair practices violate competition laws, Bloomberg News reported on Tuesday, citing people familiar with the matter. The report also said the FTC was prepared to file the case as soon as this week, over concerns …
FTC set to sue Deere over equipment repair practices, Bloomberg News says Read More »
