By Nathan Layne (Reuters) – Former Arkansas Governor Asa Hutchinson, a Republican running for U.S. president, said on Monday that Donald Trump has “done great harm” to trust in federal law enforcement through “self-serving” attempts to undermine investigations of his conduct. Hutchinson, one of the few Republicans seeking the 2024 nomination who has criticized the…
By Deena Beasley (Reuters) -An experimental drug from Eli Lilly works best if Alzheimer’s patients are treated as early as possible, ideally before they develop symptoms of the brain-wasting disease, researchers said on Monday, in the latest promising development for treating the most common form of dementia. The drug, donanemab, has been shown to slow…
By Jorge Garcia and Brad Brooks DEATH VALLEY, California (Reuters) – An extreme heatwave peaked in the western United States on Sunday, with temperatures reaching 128 Fahrenheit (53 Celsius) in the California desert, while flash flooding continued to menace the Northeast, killing at least five people. Nearly a quarter of the U.S. population fell under…
(Reuters) -Angelo Mozilo, who propelled Countrywide Financial Corp into the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said. Mozilo, 84, died of natural causes, the foundation said in a statement on Sunday. He became the face of the mortgage meltdown when the subprime crisis surfaced…
By Rachel Nostrant (Reuters) – Three years after the police killing of George Floyd in Minneapolis and a month after federal investigators found widespread racial discrimination by city law enforcement officers, a Minnesota judge has approved a reform agreement between the state human rights department and the city’s police. The agreement approved July 13 by…
By Mathieu Rosemain PARIS (Reuters) -Casino’s board approved moving forward with talks on Monday with Czech billionaire Daniel Kretinsky over a plan to inject 1.2 billion euros ($1.35 billion) of new money in the distressed French retailer, the group said. Kretinsky’s attempt to gain control of Casino, France’s sixth-largest retailer, appears to be getting closer…
By Mike Scarcella (Reuters) – Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. Temu, represented by prominent U.S. law firm Boies Schiller Flexner, filed the new case on Friday in Boston…
By Jonathan Stempel (Reuters) – The U.S. government on Monday sued a New York-based company for allegedly operating a so-called “massive ‘consent farm’ enterprise” to trick nearly 1 million people a day into providing personal information and consent to receive telemarketing calls. Fluent LLC was accused of having since 2011 used deceptive ads and websites…
(Reuters) – Salesforce appointed Wachtell, Lipton’s Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. “I’m thrilled to welcome Sabastian to Salesforce as part of our world-class management team,” CEO Marc…
By Paritosh Bansal (Reuters) -At $25 trillion, the U.S. Treasury market is massive. And yet, small independent broker-dealers say they are running out of room to operate there. Over the past decade, at least eight independent broker-dealers have been either bought by bigger firms or closed shop, a Reuters tally shows, taking out intermediation capacity…
