By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp shares jumped 5% in early Friday trade as the technology investor – which is preparing an initial public offering of chip designer Arm – was caught up in a frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate, which has been hit by the slumping…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to “get the most out of the bank’s balance sheet” and mobilize more private capital for climate finance and global development objectives, the Treasury said. During a meeting with Banga a day before the former…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking for a positive end to the week on Friday following a solid rally on Wall Street the day before, as the U.S. debt ceiling vote passed its first congressional hurdle and hopes rose that…
(Reuters) – A federal judge on Thursday disqualified himself from hearing Walt Disney Co’s <DIS.N> civil suit against Florida Governor Ron DeSantis and other state officials, citing a small financial interest in the company by a relative. Disney sued DeSantis in late April, asking a court to overturn state efforts to control the Disney World…
By Brendan Pierson (Reuters) – A federal appeals court, in a decision unsealed Wednesday, upheld the dismissal of a whistleblower lawsuit against Johnson & Johnson as a sanction for the plaintiffs’ misuse of confidential records they obtained through related litigation. The lawsuit, which accused J&J’s DePuy Orthopaedics unit of defrauding the federal government by marketing…
By Mike Scarcella (Reuters) – Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court accused the insurer and its regional Michigan…
(Reuters) – Australian No. 2 supermarket chain Coles Group Ltd said on Friday it would take an additional provision of A$25 million ($16.96 million) to compensate underpaid salaried employees. Coles said in a statement that it intends to conduct a further remediation on the available records of days and hours of work of its salaried…
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, after disclosing…
By Deborah Mary Sophia (Reuters) – Lululemon Athletica Inc raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours. A strong rebound in China, easing air freight costs and tighter inventory control also…
SEOUL (Reuters) – South Korea’s economy grew 0.3% in the first quarter from the previous quarter, revised central bank data showed on Friday, matching its earlier estimate in April. The expansion in the country’s gross domestic product during the January-March period followed a 0.3% contraction in the last three months of 2022, which was the…
