By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon Web Services’ top executive admonished staff on Thursday for what he called slow product rollouts by the cloud computing provider at its premier Reinvent customer event in December, according to a transcript of a meeting reviewed by Reuters. The Amazon unit typically announces its most ambitious new products …
Amazon’s AWS CEO chides staff for slow product rollouts Read More »
By Cynthia Kim, Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or perhaps no deal at all. The Korean won broke through the psychologically important 1,400 …
Korea’s wobbles over US trade talks awaken the won bears Read More »
(Corrects ninth paragraph to identify Bank of America as a defendant, corresponding with list of bank defendants in fourth paragraph) By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Thursday dismissed “all remaining claims” in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark that once …
Big banks win dismissal of Libor-rigging litigation in New York Read More »
By Laila Kearney and Timothy Gardner NEW YORK (Reuters) -The administration of U.S. President Donald Trump expects most of the nation’s coal-fired power plants to delay retirement to help deliver the vast amount of electricity needed to fuel artificial intelligence, Energy Secretary Chris Wright told Reuters on Thursday. Keeping those often half-century-old coal plants running …
(Reuters) -Paramount Skydance on Thursday named Makan Delrahim, a former senior U.S. antitrust official, as its chief legal officer, amid preparations for a bid for Warner Bros Discovery. Delrahim, a former assistant attorney general for the Justice Department’s Antitrust Division, was part of the legal firm that advised Skydance Media throughout its long-drawn merger process …
Paramount Skydance appoints former antitrust enforcer Delrahim as legal chief Read More »
By Puyaan Singh and Sneha S K (Reuters) -U.S. medtech stocks fell on Thursday after the U.S. Commerce Department opened a probe into imports of medical devices, pressuring shares across the sector. Analysts said the investigation may weigh on companies with globally sourced supply chains and create a modest overhang for the stocks. Companies like …
US medtech stocks fall as Trump administration opens import probe Read More »
By Ann Saphir and Michael S. Derby (Reuters) -The Federal Reserve’s newest policymaker, Stephen Miran, continued on Thursday to press for sharp U.S. interest-rate cuts to prevent labor market collapse, saying his fellow central bankers are more scared than they should be that tariffs will drive inflation up. His colleagues universally argued for more caution, …
Fed’s Miran presses case for fast rate cuts, but other policymakers push back Read More »
By David Shepardson WASHINGTON (Reuters) -A partial U.S. government shutdown next week would halt air traffic controller hiring and training and cost the U.S. travel sector $1 billion per week, an industry group said on Thursday. The U.S. Travel Association, which represents airlines, hotels, car rental firms and other travel companies, called on Congress to …
US funding lapse would halt air traffic controller hiring, group says Read More »
By Andrew Chung (Reuters) -Federal Reserve Governor Lisa Cook urged the U.S. Supreme Court on Thursday to reject Donald Trump’s attempt to fire her, telling the justices the Republican president’s unprecedented move would destroy the central bank’s independence and disrupt financial markets. Lawyers for Cook filed a written response opposing the Justice Department’s September 18 …
Fed’s Lisa Cook urges US Supreme Court to reject Trump’s bid to fire her Read More »
By Michael S. Derby (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said on Thursday the time has come for the central bank to modernize how it manages money market conditions to achieve its monetary policy objectives. To do this, Logan said the central bank’s long-standing practice of targeting the federal funds lending market …
Fed’s Logan calls for overhaul of central bank rate control toolkit Read More »
