By David Shepardson and Mrinmay Dey (Reuters) -The Federal Aviation Administration is investigating how a United Airlines Boeing 737-800 lost an external panel before landing safely in Oregon Friday. United Flight 433 landed at Medford Airport around 1:45 p.m. PDT (2045 GMT) carrying 139 passengers and six crew after departing from San Francisco, the FAA …
FAA investigates United Boeing 737 flight missing panel Read More »
SAO PAULO (Reuters) -Facebook-parent Meta on Friday won an appeal overturning a previous court ruling that barred it from using its name in Brazil due to confusion with another company. Mark Zuckerberg’s tech company was in late February ordered to stop using its name in Brazil within 30 days after a Brazilian computer services provider …
Meta wins appeal of court order to stop using its name in Brazil Read More »
By Brendan Pierson (Reuters) – An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois state court in St. Clair County on Wednesday found that …
Reckitt unit hit with $60 million verdict in Enfamil baby formula case in Illinois Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Traders have reined in bets of a June rate cut by the Fed after this week’s hotter-than-expected inflation data. Shares …
Wall St drops with tech-related shares, investors assess rate outlook Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. National Transportation Safety Board said on Friday it was investigating the use of an advanced driver assistance system in a Ford Mustang Mach-E that was involved in a Feb. 24 fatal crash in San Antonio, Texas. The NTSB said preliminary information indicated the Ford struck the rear of …
US NTSB probes driver assistance system use in fatal Ford crash Read More »
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday. A jury found Bankman-Fried, 32, guilty in November on seven counts of fraud and conspiracy. Federal prosecutors in …
Sam Bankman-Fried deserves 40-50 years in prison for FTX fraud, prosecutors say Read More »
By David Shepardson WASHINGTON (Reuters) -Volkswagen Group of America’s wholly owned finance unit has agreed to pay $48.75 million to resolve a government lawsuit that accused the German automaker and its former CEO of defrauding investors in U.S. bond offerings. The Securities and Exchange Commission filed a civil lawsuit in March 2019 accusing Volkswagen AG, …
VW’s US finance unit to pay $48.75 million to resolve SEC diesel case Read More »
(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this …
Reddit receives FTC inquiry on AI-related deals ahead of IPO Read More »
(Reuters) – Berkshire Hathaway said on Friday it raised the pay of Vice Chairman Greg Abel, who is expected to succeed Warren Buffett as chief executive, in 2023 as the conglomerate posted a record operating profit. Abel and Vice Chairman Ajit Jain, who respectively oversee Berkshire’s non-insurance and insurance operations, were each awarded $20 million …
Berkshire raises pay for Buffett’s successor Greg Abel to $20 million Read More »
WASHINGTON (Reuters) – The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app, or face a nationwide ban. Here is a look at the effort to ban the app, its chances in the U.S. Senate …
Explainer-Will TikTok be banned in the US and what is next for the bill? Read More »
