Judge in Trump criminal hush-money case can stay, NY ethics panel signals

By Karen Freifeld NEW YORK (Reuters) – A New York judicial ethics committee signaled that the state judge overseeing the criminal case against former President Donald Trump over hush money payments to a porn star will not need to recuse himself as Trump has requested. The one-page opinion released on Saturday by New York’s Advisory…

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Automaker group urges US EPA to ‘ease up’ on vehicle emissions rules

By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China. Alliance for Automotive Innovation CEO John Bozzella said Monday in a blog post the…

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Countdown to mega merger – how Credit Suisse wobbled and UBS rushed to rescue

ZURICH (Reuters) – UBS Group’s takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, became official on Monday. The closing of the tie-up marks the final chapter for the 167-year old institution after years of scandals and missteps eroded customer confidence and brought the lender to the edge….

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Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors

By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator’s biggest-ever deal broadening its financial technology footprint but giving shareholders a case of sticker shock. Adenza’s risk management and regulatory software is primarily used by banks and brokerages…

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Americans should prepare for cyber sabotage from Chinese hackers, US official warns

By Raphael Satter WASHINGTON (Reuters) – Chinese hackers are all but certain to disrupt American critical infrastructure, such as pipelines and railways, in the event of a conflict with the United States, a senior U.S. cybersecurity official said Monday. In comments made during an appearance at the Aspen Institute in Washington, Cybersecurity and Infrastructure Security…

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Jury finds Berkshire’s PacifiCorp unit liable in 2020 Oregon wildfires

By Jonathan Stempel (Reuters) – An Oregon jury on Monday found the utility PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway Inc, liable in a $1.6 billion class action lawsuit over four of the wildfires that devastated the state in 2020. Jurors in Portland, where PacifiCorp is based, awarded more than $73 million of compensatory…

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US dollar inches higher ahead of inflation data, Fed rate decision

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the…

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