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By Laila Kearney and Timothy Gardner NEW YORK/WASHINGTON (Reuters) -Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday. Constellation, the country’s largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies …

Constellation inks $1 billion deal to supply US government with nuclear power Read More »

By Blake Brittain (Reuters) -GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer giant was alleged to have misused the chipmaker’s trade secrets.  The companies said in a joint statement the terms of the settlement were confidential and would …

IBM, GlobalFoundries settle lawsuits over contract, trade secrets Read More »

By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court ruled on Thursday the Federal Communications Commission did not have legal authority to reinstate landmark net neutrality rules. The decision is a blow to the outgoing Biden administration that had made restoring the open internet rules a priority. President Joe Biden signed a 2021 executive …

US appeals court blocks Biden administration effort to restore net neutrality rules Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits dropped to an eight-month low last week, pointing to low layoffs at the end of 2024 and consistent with a healthy labor market. The report from the Labor Department on Thursday added to a recent raft of upbeat economic data, …

US weekly jobless claims hit eight-month low as labor market remains resilient Read More »

By Mike Spector, Rachael Levy, Marisa Taylor and Chris Prentice NEW YORK/WASHINGTON (Reuters) – Last month, in the waning days of the Biden administration, the SEC set a tight deadline of several days for demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover …

As Musk gains influence, questions hover over US probes into his empire Read More »

LONDON (Reuters) – Global insurance premiums fell 0.9% last year as the market became more competitive after years of rate rises, insurance broker Howden said in a report on Thursday. Insurers have consistently raised rates in recent years in response to losses from wars and natural catastrophes, and due to inflationary pressures. This has made …

Global insurance rates fall 0.9% in 2024, first drop since 2017, report says Read More »