By David Shepardson (Reuters) -A federal judge on Thursday ordered Boeing Co to appear in court on Jan. 26 to be arraigned on a 2021 felony charge after families of those killed in two fatal crashes objected to a 2021 plea deal. Boeing won immunity from criminal prosecution as part its $2.5 billion January 2021 …
U.S. judge orders Boeing arraigned on MAX fraud charge Read More »
DAVOS, Switzerland (Reuters) – Uber Chief Executive Dara Khosrowshahi said in Davos on Thursday that he was not currently planning any company-wide layoffs. The rideshare and delivery company has worked to cut costs for months, early enough relative to others that a memo the CEO wrote on this tougher stance “landed a bit like a …
Davos 2023-Uber not planning any company-wide layoffs -CEO Read More »
By Jonathan Stempel (Reuters) -A U.S. judge on Wednesday said Robinhood Markets Inc must face a lawsuit by customers who accused the online trading platform of fraudulently concealing their actual trading costs while promising “commission free” trades. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, said customers in the proposed class action had standing …
Robinhood must face customers’ lawsuit alleging it hid trading costs Read More »
By Daphne Psaledakis, Raphael Satter and Chris Prentice WASHINGTON (Reuters) – U.S. authorities said on Wednesday they have arrested the majority shareholder and cofounder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million in illicit funds. Anatoly Legkodymov, a Russian national living in China, was arrested in Miami on Tuesday on …
U.S. arrests Bitzlato cofounder, alleges $700 million of illicit funds processed Read More »
By Walter Bianchi and Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina will buy back overseas bonds equivalent to over $1 billion to improve its debt profile, Economy Minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite low reserves levels. The move will focus on dollar-denominated sovereign notes maturing in …
Argentina to buy back $1 billion in foreign debt in signal to markets Read More »
(Reuters) – Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing, CNBC reported on Wednesday. The company is in the midst of a sale process to find a buyer that would keep business running …
Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy – CNBC Read More »
By Howard Schneider and Lindsay Dunsmuir (Reuters) -Federal Reserve policymakers on Wednesday reiterated their support for hiking the U.S. central bank’s target interest rate above 5%, even as inflation shows signs of cooling and the Fed’s own canvassing suggests economic activity is slowing in large swaths of the country. “We’re not at 5% yet, we’re …
Fed policymakers call for target interest rate above 5% to beat inflation Read More »
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) – A top official with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday plans to warn lawmakers against allowing cryptocurrency exchanges to self-certify with the agency to list products for trading. The CFTC already allows self-certification for exchanges to list contracts for other products, such …
U.S. CFTC commissioner warns of risks if crypto firms self-certify Read More »
By Sinéad Carew and Shreyashi Sanyal (Reuters) – Wall Street’s main indexes closed lower on Wednesday after weak economic data and hawkish comments from Federal Reserve officials sparked worries that the central bank will keep tightening policy, perhaps enough to cause a recession. Before the market opened, U.S. economic data showed retail sales and producer …
Wall St closes lower after weak data, hawkish Fed comments Read More »
By Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country’s oil regulator showed. The three documents, produced by the regulator and dated August …
Mexico’s Pemex destroyed resources worth $342 million from two top fields Read More »
