By Blake Brittain (Reuters) -U.S. aerospace company Textron Inc won a $279 million verdict on Friday against Chinese drone maker DJI Technology, persuading a federal jury in Waco, Texas that DJI willfully infringed its patents. The jury agreed with subsidiary Textron Innovations Inc after a week-long trial that DJI’s drones violate its rights in two…
By Kirstin Ridley LONDON (Reuters) – A former Barclays banker alleges he was undermined, harassed and denied appropriate compensation and promotion because of his Cameroonian background after raising concerns about how the bank constructed some financial models. Louis Samnick, 44, who left Barclays in 2021 after a decade at the bank, is the second of…
FRANKFURT (Reuters) – German pharmaceuticals and agriculture group Bayer on Monday confirmed its 2023 sales and earnings guidance and reiterated that business would not really pick up before the second half of the year. “We are expecting business to be relatively sluggish in the first half-year compared with the very strong previous year,” Chief Executive…
(Reuters) -Lawsuits have been filed over the terms of last month’s emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS. The 3 billion Swiss franc ($3.4 billion) rescue, hammered out over a weekend during a bout of turmoil in the global banking sector, upended a long-established practice of…
MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing showed on Monday. The stake, held by Goldman through a number of its own companies, stood at 6.2% on April 13 and rose to as…
By Chris Prentice and Luc Cohen NEW YORK (Reuters) – U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), whom they accuse of insider trading. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile…
By Nichola Groom (Reuters) – U.S. President Joe Biden’s plan to challenge China’s dominance in solar panel manufacturing hinges in large part on rules his administration will soon release defining what it means for a product to be American-made, according to industry officials. The Biden administration’s Inflation Reduction Act is offering billions of dollars in…
By Ingrid Melander and Andrew Gray LUXEMBOURG (Reuters) -China respects the status of former Soviet member states as sovereign nations, its foreign ministry said on Monday, distancing itself from comments by its envoy to Paris that triggered an uproar among European capitals. Several European Union foreign ministers had said comments by ambassador Lu Shaye –…
By Nivedita Balu and Tiyashi Datta (Reuters) – U.S. tech giants will emphasize how artificial intelligence can be the next growth driver when they report quarterly results this week, while investors scrutinize if cost cuts have boosted profits to their satisfaction. Microsoft Corp and Google parent Alphabet Inc kick off earnings for the companies on…
PARIS (Reuters) – The European Central Bank has already gone “most of the way” in raising interest rates to tackle inflation, French ECB policymaker Francois Villeroy de Galhau said on Monday, adding any further rate hikes needed to be limited in number and size. In an annual report to French President Emmanuel Macron published on…
