By David French and Chibuike Oguh NEW YORK (Reuters) – Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar with the matter said on Wednesday. CPP Investments is preparing to …
(Reuters) – Convicted killer Scott Peterson, whose death sentence for the murder of his wife and unborn son was overturned last year by the California Supreme Court, was resentenced on Wednesday to life in prison without parole. Peterson, 49, had been held on death row at San Quentin State prison since 2005 after being convicted …
Convicted killer Peterson resentenced to life after death penalty voided Read More »
By Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled on Wednesday. U.S. District Judge Paul Crotty in …
Goldman Sachs must again face crisis-era securities fraud class action Read More »
MILAN (Reuters) – Telecom Italia (TIM) is looking to cut the cost of a deal with sport streaming service DAZN after the accord to distribute Italy’s top flight soccer league matches lifted revenues less than expected, two sources close the matter said. In a bid to promote its broadband and pay-TV services, Italy’s biggest telecoms …
Telecom Italia looking to cut cost of DAZN deal, sources say Read More »
By Stephen Nellis (Reuters) – Apple Inc on Wednesday won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by “Fortnite” creator Epic Games. In September, a U.S. judge ordered Apple to change its App Store rules, which ban developers from including links in …
Apple wins last-minute reprieve from App Store changes while ‘Fortnite’ appeal plays out Read More »
(Reuters) – The U.S. Food and Drug Administration on Wednesday authorized the use of AstraZeneca’s antibody cocktail to prevent COVID-19 infections in individuals with weak immune systems or a history of severe side effects from coronavirus vaccines. The antibody cocktail, Evusheld, is only authorized for adults and adolescents who are not currently infected with the …
U.S. FDA authorizes use of AstraZeneca COVID-19 antibody cocktail Read More »
(Reuters) -The U.S. Food and Drug Administration on Wednesday authorized the use of AstraZeneca’s antibody cocktail to prevent COVID-19 infections in individuals with weak immune systems or a history of severe side effects from coronavirus vaccines. The antibody cocktail, Evusheld, is only authorized for adults and adolescents who are not currently infected with the novel …
U.S. FDA authorizes use of AstraZeneca COVID-19 antibody cocktail Read More »
By David Shepardson WASHINGTON (Reuters) -The chair of the U.S. Senate Commerce Committee on Wednesday asked a regulator to investigate whether Meta Platforms’ Facebook misled its advertising customers and the public about the reach of its advertisements. In a letter to Federal Trade Commission (FTC) Chair Lina Khan seen by Reuters, Senator Maria Cantwell said …
Head of U.S. Senate panel asks regulator to probe Facebook’s ad practices Read More »
By Herbert Lash NEW YORK (Reuters) -Global stock markets and Treasury yields edged higher on Wednesday as investors became less concerned about the Omicron coronavirus variant but sentiment cooled after the prior day’s big rally in equities and crude oil prices. Stocks closed lower across Europe but the three main U.S. indices closed up as …
Stocks, debt yields edge up as Omicron fears ease Read More »
NEW YORK (Reuters) -Citigroup Inc is pausing buybacks of its stock this quarter because of the expected impact of a new capital rule related to derivatives risks, Chief Financial Officer Mark Mason said on Wednesday. Mason said the new rule, which banks must adopt by the first quarter, will likely increase Citigroup’s risk weighted assets …
Citigroup pauses buybacks briefly due to new capital rule -CFO Read More »
