Reuters US Business

Valkyrie Funds to add ‘ether’ futures in exchange-traded fund after SEC approval

29 Sep 2023

By Suzanne McGee (Reuters) – Investment manager Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures exchange-traded fund, after getting the green light from the U.S. Securities and Exchange Commission (SEC), the company said on Thursday. The renamed Valkyrie Bitcoin and Ether Strategy ETF will launch on Monday, Valkyrie’s chief investment …

Valkyrie Funds to add ‘ether’ futures in exchange-traded fund after SEC approval Read More »

Eli Lilly settles whistleblower lawsuit over manufacturing problems

29 Sep 2023

By Dan Levine and Marisa Taylor (Reuters) – Eli Lilly and Co and a former employee agreed to settle a lawsuit in which the worker claimed she was terminated after pointing out poor manufacturing practices and data falsification involving one of its blockbuster diabetes drugs, according to court filings. The former human resources officer, Amrit …

Eli Lilly settles whistleblower lawsuit over manufacturing problems Read More »

Boeing to settle US claim over Osprey production issues

29 Sep 2023

By Kanishka Singh and Valerie Insinna WASHINGTON (Reuters) – Boeing has agreed to pay $8.1 million to resolve allegations it violated U.S. law by failing to comply with contractual obligations in its production of V-22 Osprey aircraft, the U.S. Justice Department said Thursday. The settlement related to allegations Boeing violated the False Claims Act from …

Boeing to settle US claim over Osprey production issues Read More »

Tesla sued by US agency over alleged harassment of Black factory workers

29 Sep 2023

By Daniel Wiessner (Reuters) -A U.S. civil rights agency sued Tesla Inc on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla employees. The U.S. Equal Employment Opportunity Commission (EEOC) said in the …

Tesla sued by US agency over alleged harassment of Black factory workers Read More »

US Senator Warren: Supreme Court CFPB case threatens all bank regulators

29 Sep 2023

By Douglas Gillison (Reuters) – A case due to come before the U.S. Supreme Court next week has the potential to expose every federal bank regulator to political inference while also jeopardizing Social Security and Medicare, the federal health insurance program, U.S. Senator Elizabeth Warren said on Thursday. The court next week is due to …

US Senator Warren: Supreme Court CFPB case threatens all bank regulators Read More »

Exclusive-Deutsche Boerse has started CEO search, chairman says

29 Sep 2023

By Tom Sims FRANKFURT (Reuters) -German stock exchange operator Deutsche Boerse has begun the search for a new chief executive that includes both external as well as internal candidates, the company’s chairman told Reuters on Friday. Deutsche Boerse CEO Theodor Weimer said in June that he would not pursue another term when his contract runs …

Exclusive-Deutsche Boerse has started CEO search, chairman says Read More »

Detroit casino workers to vote on authorizing strikes this Friday

28 Sep 2023

(Reuters) – Workers who staff the majority of operations at the three casinos in Detroit will vote on Friday to authorize potential strikes, the United Auto Workers (UAW) union said. The union, in a release on Thursday, said workers staffing operations such as slots and table games, as well as restaurants at MGM Grand Detroit, …

Detroit casino workers to vote on authorizing strikes this Friday Read More »

Microsoft CEO Satya Nadella to testify on Monday in Google antitrust trial

28 Sep 2023

WASHINGTON (Reuters) – Microsoft chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet’s Google. THE TAKE The government is likely to ask Nadella about Microsoft’s efforts to expand the reach of …

Microsoft CEO Satya Nadella to testify on Monday in Google antitrust trial Read More »

Clear Channel Outdoor settles China bribery charges -SEC

28 Sep 2023

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission said on Thursday that advertising company Clear Channel Outdoor Holdings agreed to pay more than $26 million to resolve charges it bribed Chinese government officials to obtain outdoor ad contracts in violation of U.S. law. Company representatives did not respond immediately to requests for …

Clear Channel Outdoor settles China bribery charges -SEC Read More »

SEC fines Citigroup, former unit over customer disclosures

28 Sep 2023

(Reuters) – Citigroup and a former unit were fined $1.975 million by the U.S. Securities and Exchange Commission on Thursday for making securities recommendations to retail customers without complying with disclosure obligations. Neither Citigroup nor the former Citi International Financial Services, a Puerto Rican-based business that the bank sold last year and now known as …

SEC fines Citigroup, former unit over customer disclosures Read More »

Close Bitnami banner
Bitnami