By Mike Scarcella (Reuters) – A U.S. court has sanctioned Google LLC for a second time in recent days, after a judge in a decision unsealed on Wednesday said the Alphabet Inc unit took too long to comply with a ruling last year in a data-privacy class action. The order from U.S. Magistrate Judge Susan …
US court sanctions Google in privacy case, company’s second legal setback in days Read More »
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve emergency lending to banks ebbed slightly in the latest week, causing the size of the central bank balance sheet to move down modestly. As of Wednesday, banks tapped $88.2 billion from the central bank’s discount window lending facility, versus $110.2 billion on March 22. Lending via …
Fed lending to banks ticks slightly lower in latest week Read More »
By Douglas Gillison (Reuters) – Republican lawmakers on Wednesday prodded Wall Street’s top regulator to justify his agency’s efforts to regulate companies’ climate disclosures and criticized the U.S. Securities and Exchange Commission for what they said was hasty rulemaking. In an appearance before a House of Representatives panel overseeing federal spending, SEC Chair Gary Gensler …
US lawmakers press Wall St regulator over coming climate rule Read More »
(Reuters) – A Florida board created to oversee Walt Disney World’s special taxation district is considering legal action after saying its power over the entertainment company’s resort has been eviscerated, a spokesperson for the district confirmed on Wednesday. Florida lawmakers passed a bill in February giving Governor Ron DeSantis effective control over a board that …
Disney’s Florida surprise: an end run around DeSantis Read More »
By Jarrett Renshaw (Reuters) – The White House on Thursday highlighted new U.S. company moves to support electric vehicles (EVs), as final rules on tax credits aimed at boosting the industry are expected this week. Amazon is rolling out the first 3,000 delivery vehicles it has acquired as part of a commitment to bring 100,000 …
White House touts Amazon EVs, Google EV tax credit tool Read More »
By David Shepardson and Hilary Russ WASHINGTON/NEW YORK (Reuters) -Starbucks’ former Chief Executive Howard Schultz defended himself and the coffee chain against allegations of “union busting” at a U.S. Senate committee hearing in Washington on Wednesday. The Seattle-based company has previously denied allegations that it illegally fired pro-union baristas or spied on workers as hundreds …
Starbucks’ ex-CEO Schultz resists ‘union busting’ claims by U.S. Senators Read More »
By Daniel Wiessner (Reuters) -A Black former elevator operator at Tesla Inc’s flagship California assembly plant became emotional testifying at a trial on Wednesday about the psychological toll exacted on him by a torrent of racial slurs, threats and other workplace incidents. The plaintiff, Owen Diaz, struggled to speak at times during his testimony, including …
Ex-Tesla worker testifies that race bias made him ‘feel less than a man’ Read More »
(Reuters) -Electronic Arts Inc said on Wednesday it would lay off about 6% of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts. Technology firms have led the latest round of layoffs as U.S. companies brace for a potential economic downturn amid rising interest rates around the …
‘FIFA’ publisher EA to cut 6% of workforce, reduce office space Read More »
By Angus Berwick and Chris Prentice (Reuters) – A former chief executive of Binance’s de-facto U.S. subsidiary has enlisted a former federal prosecutor and top cop at the Commodity Futures Trading Commission to represent her in the U.S. government’s investigations into the giant cryptocurrency exchange, a person with direct knowledge told Reuters. Catherine Coley, who …
Exclusive-Ex-CEO of Binance’s US firm has enlisted lawyer for US investigations Read More »
By Elizabeth Howcroft LONDON (Reuters) – Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the U.S. CFTC on Monday, blockchain data tracker Nansen said on Wednesday. The U.S. Commodity Futures Trading Commission (CFTC) sued Binance – the world’s biggest crypto exchange – along with its CEO and former …
Investors pull $1.6 billion from Binance after CFTC lawsuit Read More »
