By Dietrich Knauth NEW YORK (Reuters) – Georgia-based slot machine operator Lucky Bucks filed for bankruptcy Friday, saying that it had reached a deal to cut $500 million in debt and turn over the company’s equity to its lenders. Lucky Bucks suffered from increasing interest rates on its debt, an inflationary environment that reduced consumers’…
By Patrick Wingrove (Reuters) – The Biden administration on Friday announced it would impose inflation penalties on 43 drugs for the third quarter of 2023, having fined 27 earlier this year, in a move it said would lower costs for older Americans by as much as $449 per dose. Drugmakers hiked the price of these…
WASHINGTON (Reuters) – U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. One would require the U.S. government to be transparent when using AI to interact with people and another would establish an office to determine if the United States is remaining…
By Brad Brooks (Reuters) – Federal prosecutors on Friday leveled charges of making false statements to financial institutions against a real estate developer who is at the center of allegations that led to the impeachment of Texas Attorney General Ken Paxton. A grand jury indicted Nate Paul, 36, on eight counts of making false statements…
By Nandita Bose and Jeff Mason ROCKY MOUNT, N.C. (Reuters) -U.S. President Joe Biden said on Friday he had not spoken to Attorney General Merrick Garland and had no plans to do so, as the Justice Department’s indictment of former President Donald Trump was unsealed. “I have not spoken to him at all and I’m…
(Reuters) – Here is a timeline of events that led to charges against former U.S. President Donald Trump and others over government records, some marked as highly sensitive, stored at Trump’s Mar-a-Lago estate in Florida after he left the White House in January 2021: Feb. 9, 2022: The National Archives and Records Administration asks the…
By Luc Cohen (Reuters) – Here are five takeaways from Friday’s indictment accusing former U.S. President Donald Trump of illegally retaining classified government documents after leaving the White House and then conspiring to obstruct a federal probe of the matter. TRUMP KEPT DOCUMENTS ON MILITARY, NUCLEAR PROGRAMS Documents kept at Trump’s Mar-a-Lago estate in Florida…
(Reuters) – Italy’s biggest telecoms company Telecom Italia (TIM) said on Friday it received two new offers for its landline grid, as companies bid to resolve the impasse over the asset’s sale process. U.S. fund KKR and separately a rival consortium comprising state lender CDP and Australian fund Macquarie submitted bids for Telecom Italia’s network,…
By Naomi Rovnick and Koh Gui Qing NEW YORK/LONDON (Reuters) -U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash. Helped by a…
By Kylie Madry and David Shepardson MEXICO CITY/WASHINGTON (Reuters) -The U.S. and Mexico still have “differences” of opinion regarding Mexico’s recovery of a coveted air safety rating, Mexico’s president said on Thursday. The U.S. Federal Aviation Administration (FAA) downgraded Mexico to the Category 2 air safety rating more than two years ago, citing safety concerns….
