Reuters US Business

(Reuters) – Activision Blizzard is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a securities filing on Friday. It received requests for information from the U.S. Securities and Exchange Commission and received a subpoena from a Department …

Activision cooperating with federal insider trading probes – filing Read More »

(Reuters) -A jury in Denver, Colorado, acquitted dialysis provider DaVita and its former CEO Kent Thiry on Friday of charges that they conspired with competitors not to hire each other’s employees. The Justice Department had alleged in the case that both DaVita and Surgical Care Affiliates LLC required senior-level employees who sought to work for …

DaVita and its former CEO acquitted of U.S. antitrust charges Read More »

(Reuters) – Starbucks Corp Chief Executive Officer Howard Schultz said there have been “a lot of false promises over the last few years” and assured his employees that those “days are over” in a video addressed to the company’s employees on Monday. “We are going to make promises that we will keep, promises that are …

Starbucks CEO Schultz says days of ‘false promises’ are over Read More »

NEW YORK (Reuters) – Net foreign inflows into Treasuries rose for a fourth straight month in February in the amount of $75.3 billion, data from the U.S. Treasury department showed on Friday. Of that, private overseas investors bought $91.9 billion in Treasuries and foreign official institutions sold $16.2 billion. Foreigners have bought Treasuries in 10 …

U.S. Treasuries show foreign inflows in February for 4th month Read More »

(Reuters) – A sharp rebound in automotive output in March spurred a third straight monthly gain in U.S. factory activity, perhaps signaling the worst of the production woes that have dogged the motor vehicle industry over the last year may have passed. Overall industrial production increased 0.9% last month, keeping pace with February’s upwardly revised …

Autos rebound fuels U.S. manufacturing output gain in March Read More »

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly $450 million Ponzi scheme. In a complaint filed in U.S. District Court in Las Vegas, the SEC said attorney Matthew Beasley, as well as Jeffrey Judd …

U.S. SEC announces asset freeze against those allegedly behind nearly $450 million Ponzi scheme Read More »

NEW YORK (Reuters) – Buyout firm Thoma Bravo LP has contacted Twitter Inc to express interest in putting together an acquisition offer that would rival Tesla Inc Chief Executive Elon Musk’s $43 billion bid, people familiar with the matter said on Friday. Thoma Bravo, a private equity firm that had more than $103 billion in …

Buyout firm Thoma Bravo approaches Twitter with acquisition interest Read More »

SHANGHAI (Reuters) -Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng, said on Thursday. Growing lockdowns to stop the spread of COVID-19 in China are clogging highways and ports and …

Xpeng CEO warns China automakers face production suspensions in May Read More »