Reuters US Business

(Reuters) – AT&T said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according to a court filing. The company previously agreed to remove lead-clad telecommunications cables they believed posed no danger to resolve a lawsuit. The company, which has criticized recent reporting by the Wall Street …

AT&T does not intend to immediately remove lead cables from Lake Tahoe -court filing Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gains in more than two years. Morgan Stanley shares jumped 6.45%, their biggest one-day percentage climb since Nov. 9, 2020 after …

Bank results lift stocks; Dow up for seventh straight session Read More »

By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest …

TSMC Q2 earnings seen down 27% y/y, Q3 looks better Read More »

By Natalie Grover LONDON (Reuters) – The world’s top asset manager BlackRock has named Amin Nasser, the chief of the world’s largest oil company Saudi Aramco, as an independent director. Nasser joined Saudi Arabia’s state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco’s initial public offering. His expertise …

BlackRock names Aramco boss to board Read More »

By Jonathan Stempel (Reuters) – The U.S. government on Monday sued a New York-based company for allegedly operating a so-called “massive ‘consent farm’ enterprise” to trick nearly 1 million people a day into providing personal information and consent to receive telemarketing calls. Fluent LLC was accused of having since 2011 used deceptive ads and websites …

US sues ‘consent farm’ operator for ‘massive’ telemarketing deception Read More »

(Reuters) – Salesforce appointed Wachtell, Lipton’s Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. “I’m thrilled to welcome Sabastian to Salesforce as part of our world-class management team,” CEO Marc …

Salesforce hires activist lawyer from Wachtell, Lipton as legal chief Read More »

By Paritosh Bansal (Reuters) -At $25 trillion, the U.S. Treasury market is massive. And yet, small independent broker-dealers say they are running out of room to operate there. Over the past decade, at least eight independent broker-dealers have been either bought by bigger firms or closed shop, a Reuters tally shows, taking out intermediation capacity …

In the Market: Small Treasury brokers seek reforms as ranks thin Read More »

By John Kruzel WASHINGTON (Reuters) – A group of individual plaintiffs on Monday asked the U.S. Supreme Court to temporarily halt Microsoft’s $69 billion acquisition of Activision Blizzard, the largest in the history of the videogame industry. The bid by the plaintiffs was separate from a request by the U.S. Federal Trade Commission to pause …

Plaintiffs ask US Supreme Court to temporarily halt Microsoft, Activision merger Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed. Companies scheduled to report earnings this week include Tesla and Netflix, while more …

Wall St ends higher with earnings poised to ramp up Read More »

By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – U.S. banks will probably hold off on striking deals until the end of next year at the earliest as they await clarity on new rules on capital requirements, according to deal advisers and industry experts. Potential buyers and sellers are also being deterred by the …

US bank mergers frozen by capital rules, regulatory uncertainty Read More »