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By Diane Bartz WASHINGTON (Reuters) -The Justice Department sought on Wednesday to show how Google did all it could to get people to use its search engine and build itself into a $1 trillion search and advertising giant on the second day of a once-in-a-generation antitrust trial. First out of the gate, the government questioned …

Ex-Google exec acknowledges aggressively seeking exclusive mobile deals Read More »

By Jody Godoy (Reuters) – U.S. appeals court judges questioned a 2-1/2-year pause in a shareholder lawsuit against PG&E Corp officers and directors on Wednesday, suggesting they could allow the case over statements about the utility’s wildfire prevention measures to go forward. A New Mexico pension fund sued 44 of PG&E’s corporate leaders in 2018 …

U.S. appeals court questions delay in PG&E shareholder case Read More »

By David Shepardson WASHINGTON (Reuters) -The acting head of the Federal Aviation Administration said on Wednesday the agency could advance a launch license as early as next month for the SpaceX Starship rocket after a prior one exploded following a test launch in April. “We’re working well with them and have been in good discussions. …

US could advance SpaceX license as soon as October after rocket exploded in April Read More »

NEW YORK (Reuters) – Goldman Sachs has fired several executives in its transaction banking business following violation of the firm’s communications policy, according to a memo seen by Reuters on Wednesday. The company did not name the individuals. “We are not going to comment on individual disciplinary matters,” a spokesperson said. “As a general matter, …

Exclusive-Goldman Sachs terminated several executives in transaction banking -memo Read More »

(Reuters) -Starbucks said former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company he helped transform into a coffee behemoth that made venti cappuccinos a global phenomenon. During his 41 years association, Starbucks grew from a small company selling only whole beans to a global coffeehouse chain …

Starbucks’ former CEO Schultz to retire from board Read More »

By Davide Barbuscia NEW YORK (Reuters) – Some large U.S. bond investors said on Wednesday they believe the Federal Reserve has reached a peak in its interest rate hiking campaign, despite inflation heating up in August on the back of surging energy prices. U.S. consumer prices increased by the most in 14 months in August …

Some big US bond investors say Fed hikes have peaked despite sticky inflation Read More »

By Daniel Wiessner (Reuters) – The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commission (EEOC) said that the test, which Walmart began administering nationwide in 2015, had …

Walmart sued by US agency over test that screened out disabled workers Read More »

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to shore up its dominance in project finance, a senior executive at the top Japanese lender said. MUFG ranked No. 1 in U.S. project …

US factory booms strengthen MUFG’s dominance in project finance – senior exec Read More »

By Byron Kaye and Roushni Nair SYDNEY (Reuters) -Australia’s top court on Thursday ruled Qantas Airways broke the law by sacking 1,700 ground staff and replacing them with contractors early in the COVID-19 pandemic, reinvigorating public criticism of a company already facing multiple scandals. The High Court of Australia said Qantas had commercial reasons for …

Australia High Court rules Qantas illegally fired workers in pandemic Read More »