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(Reuters) -Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. The proposed settlement, subject to court approval, averts a scheduled July 15 trial in Baltimore federal …

Under Armour to pay $434 million to settle lawsuit over sales disclosures Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it received $556.7 million in proceeds from auctions to sell warrants in 11 major U.S. airlines the government received in exchange for COVID-19 assistance. The proceeds are a fraction of the total assistance awarded to airlines. Congress approved $54 billion in COVID-19 …

US Treasury receives $556.7 million from auction of airline warrants Read More »

(Reuters) – Investment management firm VanEck plans to charge a fee of 0.20% on its proposed spot ethereum exchange-traded fund, according to a U.S. Securities and Exchange Commission filing on Friday. The SEC approved applications from Nasdaq, CBOE and NYSE last month to list ETFs tied to the price of ether, potentially paving the way …

VanEck sets 0.20% fee for proposed spot ethereum ETF Read More »

By Mike Spector, Chris Prentice and David Shepardson NEW YORK/WASHINGTON (Reuters) -The U.S. Justice Department has made no decision yet on whether to pursue a prosecution of planemaker Boeing for violating the terms of a 2021 settlement related to two fatal 737 MAX crashes in 2018 and 2019, a top DOJ official said in an …

US official says no decision yet on whether to prosecute Boeing Read More »

By David Randall NEW YORK (Reuters) – A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year. Although the S&P 500 is up 14.6% this year, most of the broader index’s gains have been concentrated in the information technology …

Rally in U.S. big tech stocks may be getting stretched Read More »

By Jody Godoy (Reuters) – The U.S. Department of Justice plans to focus an upcoming lawsuit against TikTok on allegations that the popular social media platform violated the privacy rights of children, rather than claims it misled adult users about its data privacy practices, according to a source familiar with the matter. The U.S. Federal …

US lawsuit against TikTok to focus on children’s privacy Read More »

By Valerie Volcovici WASHINGTON (Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the …

US offers $850 million in grants to clean up oil sector methane emissions Read More »

By Leika Kihara TOKYO (Reuters) -Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will “adjust the degree of monetary support” if the economy and prices move in line with its forecasts, signalling readiness to raise interest rates further. “Japan’s economy is recovering moderately, although there are some weak signs,” Uchida …

BOJ deputy governor Uchida signals readiness to raise rates further Read More »

By Aditi Shah and Tim Hepher DUBAI (Reuters) – Chinese state-owned planemaker COMAC has the opportunity to break Airbus and Boeing’s duopoly of the passenger jet market over the next decade, the chief of aircraft leasing company Dubai Aerospace Enterprise (DAE) told Reuters. Airbus and Boeing are the main suppliers of aircraft to airlines, but …

Aircraft lessor DAE sees China’s COMAC breaking Airbus, Boeing duopoly Read More »