By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James is investigating whether Capital One’s proposed $35.3 billion takeover of Discover Financial Services violates the state’s antitrust law. James asked a state judge in Manhattan in court filings on Wednesday to subpoena Capital One for documents needed for her probe, citing the …
New York probing legality of Capital One-Discover merger Read More »
By Nate Raymond (Reuters) – A divided U.S. appeals court on Friday ruled that the National Labor Relations Board went too far by ordering Tesla CEO Elon Musk to delete a 2018 tweet stating employees of the electric vehicle maker would lose stock options if they unionized. The New Orleans-based 5th U.S. Circuit Court of …
US labor board wrongly ordered Tesla’s Musk to delete anti-union tweet, court rules Read More »
By David Shepardson (Reuters) – Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters. Reuters first reported on Oct. 16 that the planemaker was closing in on a plan to raise around $15 billion with common shares …
By Suzanne McGee (Reuters) – Exchange-traded funds focused on artificial intelligence are proliferating as asset managers offer investors new ways to tap in to the market enthusiasm for AI, even while it remains unclear which companies will emerge as the long-term winners from the latest technology revolution. More than one-third of the two dozen ETFs …
Asset managers roll out new ETFs to tap in to AI buzz Read More »
(Reuters) -Australian lender ANZ Group said on Monday its 2024 second half profit will take a A$196 million ($129.63 million) hit after taxes due to impacts from the acquisition of Suncorp’s banking business. The hit to profit will result in a 2 basis point reduction to its level 2 common equity tier 1 capital – …
ANZ Group flags around $130 million profit hit from Suncorp deal Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the year, …
Stocks rally faces gauntlet of tech earnings, jobs data, election Read More »
(This Oct. 26 story has been corrected to show Leonardo Maria Del Vecchio is being investigated and is not under house arrest and deletes sentence with allegation details in paragraphs 1 and 5) By Emilio Parodi MILAN (Reuters) – Italian police have placed four people under house arrest as part of a probe into alleged …
Italy police arrest four over alleged illegal database access, source says Read More »
CAIRO (Reuters) – Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya’s national oil corporation (NOC) said on Saturday. NOC also said in a statement that Eni had started drilling in an area of Ghadames basin on Saturday. (Reporting by Enas Alashray, …
Italy’s Eni and BP resume onshore drilling in Libya after 10-year hiatus, NOC says Read More »
By David Shepardson WASHINGTON (Reuters) -Delta Air Lines on Friday sued cybersecurity firm CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers and cost the carrier more than $500 million. Delta’s lawsuit filed in Fulton County Superior Court called the faulty …
Delta sues CrowdStrike over software update that prompted mass flight disruptions Read More »
By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl (Reuters) -The Nasdaq ended higher on Friday, driven by megacap shares, as investors awaited quarterly results from some of Wall Street’s biggest companies next week. Tesla shares rose 3.36% a day after surging 22% on the electric vehicle maker’s sales forecast. Amazon, Apple and Microsoft also …
Nasdaq closes higher ahead of a heavy week of earnings Read More »
