By David Shepardson WASHINGTON (Reuters) – The White House said on Tuesday that President Joe Biden is withdrawing the nomination of the acting head of the National Highway Traffic Safety Administration (NHTSA) to take the top job on a permanent basis. The White House gave no reason for the move and declined to comment. Ann…
By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton will meet OpenAI CEO Sam Altman in San Francisco next month to discuss how the company will implement the bloc’s world-leading rules on artificial intelligence (AI), EU officials said on Tuesday. Breton will also discuss an AI pact with Altman with the goal…
NEW YORK (Reuters) – Kroll Bond Rating Agency (KBRA) said on Tuesday it remained confident about its top AAA rating for the U.S. government as a debt ceiling deal appeared within reach and because political wrangling did not affect the country’s ability to pay its debts. “In KBRA’s view, the debt ceiling brinkmanship and the…
(Reuters) – Activist investor Legion Partners has met Twilio Inc officials several times, urging the cloud computing company to make changes to its board and consider divestitures, The Information reported on Tuesday. Legion has held at least six meetings over the past few months and has discussed topics including improving cost structure, balance sheet and…
(Reuters) -The man accused of killing 11 worshippers at a Pittsburgh synagogue five years ago in the deadliest antisemitic attack in U.S. history could face the death penalty if found guilty in a federal trial that opened on Tuesday. Robert Bowers, 50, is standing trial on dozens of federal charges including 11 counts of hate…
SANTIAGO (Reuters) – Chile hopes to start negotiations soon with Albemarle as part of the government’s plan to gain majority control of lithium mining projects, Mining Minister Marcela Hernando said on Tuesday. The plan was launched in April to acquire control of new strategic projects and the company’s current operations in the Atacama. “They (Albemarle)…
By Mike Scarcella WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday declined to hear a bid by a New York lawyer to restrict how much money federal prosecutors can take from his 401(k) retirement accounts to compensate fraud victims after he was convicted in a scheme involving former pharmaceutical executive Martin Shkreli. The justices turned…
By Kanishka Singh WASHINGTON (Reuters) -The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie Tolstedt was charged in 2020 for…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand companies will start to benefit from the country’s new free trade agreement (FTA) with the United Kingdom with the pact now in force, the government said on Wednesday. “The benefits which begin flowing from the FTA today, provide a further big boost to our economy,” said New…
NEW YORK (Reuters) – A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value. Nvidia’s market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session. Only seven U.S. companies…
