By Jody Godoy (Reuters) -A judge on Friday blocked a proposed settlement on AMC Entertainment Holdings’ stock conversion plan that would allow the company to issue more shares, sending its common shares soaring and preferred shares down in after-hours trading. Delaware Vice Chancellor Morgan Zurn said in the ruling that she cannot approve the deal,…
(This July 12 story has been refiled to add a dropped letter in paragraph 1) By Sarah N. Lynch WASHINGTON (Reuters) – FBI Director Chris Wray rejected Republicans’ wide-ranging criticism at a congressional hearing on Wednesday that targeted everything from the bureau’s handling of a probe into Hunter Biden to claims it encouraged social media…
(Reuters) -Audio-streaming platform Spotify Technology plans to raise the price of its ad-free premium monthly plan by $1 in the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company could increase prices in other markets too in the coming months, according to the report. Spotify did not…
By Michael Erman and David Ljunggren (Reuters) -Most of the tornado damage at Pfizer Inc’s Rocky Mount, North Carolina plant was to the warehouse and not manufacturing facilities, CEO Albert Bourla said on Friday, easing concerns about long-term drug shortages from the plant. The tornado that struck the site on Wednesday completely destroyed the warehouse,…
By Noel Randewich and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended mixed on Friday, with the Dow Jones Industrial Average rising marginally to notch its 10th straight day of advances, its longest rally in almost six years. The blue-chip index was lifted by gains of more than 1% each in Procter & Gamble and…
By Jacqueline Thomsen WASHINGTON (Reuters) -Former President Donald Trump’s trial over his alleged mishandling of classified documents will begin on May 20 next year, according to a U.S. court order on Friday. Trump’s lawyers had resisted setting a date but said any trial should take place after the November 2024 U.S. presidential election, in which…
By Sarah Mills LONDON (Reuters) -“Mission Impossible” star Simon Pegg and Brian Cox from “Succession” joined a rally in London on Friday in support of U.S film and television writers and actors striking for higher pay and new terms in the streaming era. Hollywood actors went on strike on July 14 after talks with studios…
By Michelle Nichols UNITED NATIONS (Reuters) – The Group of Seven, European Union and three other countries plan to appeal to China for help to stop North Korea evading United Nations sanctions by using Chinese territorial waters, according to their letter seen by Reuters on Friday. “We have concerns regarding the continuing presence of multiple…
By Karen Freifeld and Jonathan Stempel WASHINGTON/NEW YORK (Reuters) – Michael Cohen, the onetime personal lawyer and fixer for Donald Trump, has settled his lawsuit accusing the Trump Organization of failing to cover millions of dollars of legal bills he incurred over his work for the former U.S. president. Lawyers for both sides disclosed the…
By Kanishka Singh WASHINGTON (Reuters) – U.S.-based consulting firm Booz Allen Hamilton Holding agreed to pay the United States $377.4 million to resolve allegations of violating federal law by improperly billing commercial and international costs to its government contracts, the Justice Department said. Under government contracting rules, there must be a nexus between the costs…
