By Helen Coster (Reuters) -Opening statements are due on Monday in Dominion Voting Systems’ $1.6 billion defamation lawsuit against Fox News over the network’s airing of false claims that the company’s machines were used to rig the 2020 U.S. presidential election. Delaware Superior Court Judge Eric Davis, presiding over the case in Wilmington, conducted jury…
By Kanishka Singh WASHINGTON (Reuters) -Photoshop maker Adobe Inc has agreed to pay $3 million to settle U.S. kickback allegations involving federal software sales, the U.S. Justice Department said in a statement on Thursday. The settlement resolves allegations that Adobe made improper payments under its Solution Partner program to companies that had a contractual or…
By Michael S. Derby (Reuters) – Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease. As of Wednesday, Fed loans to banks via its discount window facility stood at $67.6…
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said,…
By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) -Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the market this year. Angola, like other African frontier market nations,…
By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the market this year. Angola, like other African frontier market…
(Reuters) – Washington Commanders owner Dan Snyder has reached an agreement in principle to sell the National Football League (NFL) team to a group led by the co-owner of the NBA’s Philadelphia 76ers, Josh Harris, according to a Sportico report on Thursday. The report, which sourced people familiar with the matter but who were granted…
LA PAZ (Reuters) – Bolivia’s government has called on the armed forces to tighten border controls to curb the smuggling of state-subsidized fuels, a move it believes will save state coffers some $250 million per year. Keeping fuel prices steady, currently 3.74 bolivianos ($0.5452) per liter for gasoline and 3.72 bolivianos per liter for diesel,…
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower prices, S&P Global Market Intelligence said in a note on Thursday. “Hedge funds used the bank stress as an early buying opportunity, dismissing…
By Rajesh Kumar Singh and Aishwarya Nair CHICAGO (Reuters) – Delta Air Lines on Thursday offered an upbeat outlook for summer travel demand that it expects will result in higher-than-expected profit for the quarter through June, despite growing risks of an economic recession. Rising interest rates, high inflation, mounting job losses and turmoil in the…
