(Reuters) – An investor has asked a panel that rules on credit default swaps (CDS) whether a “failure to pay” credit event has occurred for French retailer Casino, which could trigger a payout on the derivatives used to insure against default. The request, viewable on the EMEA Credit Derivatives Determination Committee’s (CDDC) website, comes on…
By Karen Freifeld (Reuters) – Former President Donald Trump is seeking to disqualify the New York state judge overseeing the criminal case against him stemming from a hush money payment to a porn star. In a motion made public on Friday, Trump’s lawyers argued that New York state Justice Juan Merchan in Manhattan has a…
By Kanishka Singh WASHINGTON (Reuters) – A dual Haitian-Chilean citizen was sentenced to life in prison on Friday after pleading guilty in a U.S. court in March to three charges involving his role in the 2021 assassination of then-Haitian President Jovenel Moise, prosecutors said. Rodolphe Jaar was one of 11 defendants in the case, which…
PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the strained public accounts. S&P left the country’s AA rating untouched after a regular review and said that the outlook remained negative due to “downside risks to our…
By Gram Slattery and Nathan Layne WASHINGTON (Reuters) – The Republican National Committee on Friday announced relatively stringent limits on who can participate in the first 2024 presidential primary debate, posing a potential challenge for several long-shot contenders. The RNC, the Republican Party’s governing body, will also require all attendees to support the eventual Republican…
By Kanishka Singh WASHINGTON (Reuters) – A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc was dismissed on Thursday by a Superior Court judge, who ruled the firm did not mislead consumers over the Cambridge Analytica scandal. The lawsuit alleged violation of the district’s consumer protection law. The social media…
By Kanishka Singh WASHINGTON (Reuters) – A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc was dismissed on Thursday by a Superior Court judge, who ruled the firm did not mislead consumers over the Cambridge Analytica scandal. The lawsuit alleged violation of the district’s consumer protection law. The social media…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a security flaw had been discovered. Software maker Progress Software Corp, after…
By Clark Mindock and Brendan Pierson (Reuters) – 3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to “forever chemicals,” Bloomberg News reported on Friday, citing people familiar with the matter. Shares of 3M were up 8.4% at…
By Clark Mindock (Reuters) – Chemours Co, DuPont de Nemours Inc and Corteva Inc on Friday said they had reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic “forever chemicals” for $1.19 billion. The three chemical companies and several others are facing thousands of lawsuits in the…
