NEW YORK (Reuters) -Bank of America Corp reduced compensation for Chief Executive Officer Brian Moynihan by roughly 6% to $30…
Samsung LED settlement worth $150 million, nanotech firm says
By Blake Brittain (Reuters) – Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies…
Philippines central bank to focus on inflation at next policy meeting -governor
MANILA (Reuters) – The Philippine central bank will focus on inflation rather than the Federal Reserve’s recent policy action when…
Grocery consumers sue to block Kroger’s $25 billion buy of Albertsons
By Mike Scarcella (Reuters) – A private lawsuit filed in California on Thursday seeks to stop Kroger Co’s planned $25…
Stocks tumble, U.S. bond yields rise on strong jobs report
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks dropped more than 1%, while U.S. Treasury yields…
Self-proclaimed bitcoin inventor’s $2.5 billion lawsuit can go to trial – London court
LONDON (Reuters) – Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars…
Italy bans U.S.-based AI chatbot Replika from using personal data
(Corrects to make Alvarez & Marsal a consultancy firm, rather than a law firm, in 11th paragraph) By Elvira Pollina…
U.S. antitrust agency preparing lawsuit against Amazon – WSJ
(Reuters) -The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street…
Big Tech earnings face more heat as cloud cover fades
By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing,…
Fed seen hiking policy rate above 5% as job gains surge
By Ann Saphir (Reuters) – The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5%…