By Jonathan Stempel (Reuters) – A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company’s purchase of Jay-Z’s streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did…
NEW YORK (Reuters) – Cboe Global Markets on Tuesday filed a proposal with the U.S. Securities and Exchange Commission to list and trade shares of a spot bitcoin ETF by stock-picker Cathie Wood’s Ark Invest and crypto investment product firm 21 on the Cboe BZX exchange. It is the third time that Cboe has sought…
By Mike Scarcella (Reuters) – A U.S. magistrate judge said food retailer Winn-Dixie Stores Inc should be punished for failing to follow court orders in its U.S. lawsuit accusing coffee maker Keurig Green Mountain Inc of abusing its power in the single-serve brewer market. U.S. Magistrate Judge Sarah Cave in Manhattan said in a 34-page…
By Valerie Insinna, Padraic Halpin and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair sealed a multibillion-dollar deal for as many as 300 Boeing jets on Tuesday, burying the hatchet after an 18-month public feud where prices threatened one of aviation’s closest partnerships. Europe’s biggest low-cost carrier said it was placing a firm order for 150 of…
(Reuters) – A jury on Tuesday found Donald Trump sexually abused and defamed writer E. Jean Carroll, the latest development in a series of legal woes facing the Republican front-runner in the 2024 U.S. presidential race. Here are some others: TRUMP NEW YORK CRIMINAL CASE Trump became the first former U.S. president to face criminal…
By Nidal al-Mughrabi GAZA (Reuters) – Israel killed three Islamic Jihad commanders in Gaza and at least 10 civilians including several children in surprise pre-dawn air strikes on Tuesday, drawing threats of reprisals and warnings of a further escalation in fighting. The strikes, targeting senior militant commanders Israel said had planned attacks from Gaza and…
(Reuters) – PayPal Holdings’ stock slumped 12% on Tuesday, on track for its lowest close in almost six years, after the payments company cut the outlook for its annual adjusted operating margin. The stock, last trading at $66.45, was set to record its lowest closing price since October 2017. It touched a session low of…
CHICAGO (Reuters) – Tyson Foods Inc plans to resume slaughtering pigs in mid-May at a Madison, Nebraska, pork plant damaged by fire two weeks ago, the meatpacker said on Tuesday. The extended halt to slaughtering comes as weak consumer demand for pork and low prices are squeezing margins for meatpackers and hurting hog farmers. Tyson…
By Helen Reid BARCELONA (Reuters) – Amazon plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday said prosecutors charged him with “troubling” haste and asked a U.S. judge to throw out 10 of the 13 criminal counts against him. In a filing in Manhattan federal court, Bankman-Fried’s lawyers said…
