(Reuters) – General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to daily rental companies and a cyber incident at CDK that impacted dealers across the country. Overall sales rose about 0.6% to 696,086 units, compared with an increase of about 19% in the same period last…
By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene…
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended…
By Jonathan Stempel NEW YORK (Reuters) – Keith Gill, the investor known as “Roaring Kitty” who helped spur the meme stock mania of 2021, was sued by GameStop investors who said they lost money through his “pump-and-dump” scheme for the videogame retailer. A proposed class action accusing Gill of securities fraud was filed on Friday…
(Reuters) – Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in…
By Jack Queen (Reuters) – The U.S. Supreme Court’s ruling on Monday that Donald Trump cannot be prosecuted for his official acts as president plunges a major criminal case against him into doubt and all but assures he will not face trial before the Nov. 5 election. Here are some takeaways from the decision: PRESIDENTS…
