By Foo Yun Chee (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs’ wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. An…
By Samrhitha A and David Shepardson (Reuters) – AT&T investors will watch out on Wednesday for comments from top management on the telecom firm’s financial and legal liability for the lead-clad cables it abandoned decades ago that may have contaminated soil and water sources across the United States. The $100-billion company last week said lead-clad…
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID recovery, focusing on boosting domestic demand, signalling more stimulus steps. The world’s second-largest economy grew at a frail pace in the second quarter as demand weakened at home and…
By Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden would veto Republican-backed defense, health and agriculture spending bills if he were presented with them, the White House said on Monday, alleging House of Representatives Speaker Kevin McCarthy was backing away from spending levels agreed to in a debt-limit deal. McCarthy and House Republicans were…
By Ted Hesson WASHINGTON (Reuters) – The U.S. Department of Justice intends to take legal action over floating barriers installed by the state of Texas in the Rio Grande River that blocks migrants crossing from Mexico, according to a DOJ letter to top Texas officials. The letter sent on Thursday to Republican Governor Greg Abbott…
By Mrinmay Dey and Michelle Conlin (Reuters) -Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction with a rebranding that will replace its well-known blue bird logo with an X after acknowledging advertisers have been slow to return. The change, which was…
Options trading data for Morgan Stanley (NYSE:MS) suggests a sizable investor has adopted a bearish perspective on the financial giant. A closer examination of the trading history reveals 11 unusual trades. In these unusual trades, it’s clear that investor sentiment is divided – 36% of investors appear bullish, initiating optimistic trades, while the…
By Zaheer Kachwala and Krystal Hu (Reuters) -SoftBank Group is forming a joint venture with warehouse automation company Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday. The firms are investing a total of $100 million in the venture, which will be called GreenBox…
By Nate Raymond BOSTON (Reuters) – The Mexican government on Monday urged a U.S. appeals court to revive a $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. A three-judge panel of the 1st U.S. Circuit Court of Appeals in Boston…
(Reuters) – The former head of a local branch of Kremlin critic Alexei Navalny’s campaign organisation was sentenced to nine years in a Russian prison for participating in an “extremist community”, Navalny’s team said on Monday.Vadim Ostanin, who had run Navalny’s local headquarters in the Siberian city of Barnaul, had carried out only “legal political…
