By Kanishka Singh WASHINGTON (Reuters) – Former Ohio House of Representatives Speaker Larry Householder was sentenced on Thursday to 20 years in prison after being convicted earlier this year of participating in a $60 million bribery scheme, prosecutors said. A federal jury convicted Householder and former Ohio Republican Party chair Mathew Borges in March. Householder…
By Ismail Shakil OTTAWA (Reuters) -Google said on Thursday it plans to block Canadian news on its platform in Canada, joining Facebook in escalating a campaign against a new law requiring payments to local news publishers. Alphabet-owned Google will remove links to Canadian news from search results and other products in Canada when the law…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve…
(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion via its discount window as of Wednesday, unchanged from June 21. It lent $103.1 billion from its Bank Term Funding Program, from $102.7 billion on June 21. Fed “other credit”…
(Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange Cboe Global Markets with the U.S. Securities and Exchange Commission. Fidelity is one of several big asset managers that have applied to list bitcoin ETFs…
WASHINGTON (Reuters) -Canada’s Department of Justice has concluded that Microsoft’s deal to buy “Call of Duty” maker Activision Blizzard “is likely to” lead to less competition in some aspects of gaming, according to a court filing on Thursday. In a letter dated Wednesday to Microsoft’s U.S. lawyers, the department said it had communicated to Microsoft’s…
By Jody Godoy (Reuters) – An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chain’s controversial stock conversion plan told a Delaware court on Thursday that some investors felt the company “stabbed them in the back.” The deal would provide holders of AMC common stock with shares worth an estimated $129…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease recession fears but increased the odds of the Fed keeping its restrictive policy in place for longer than expected. Financials led the gainers after the…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge said Thursday that he would allow SVB Financial Group to sell its investment banking division, once the company has ensured that it is not releasing any liabilities related to the collapse of its Silicon Valley Bank unit. U.S. Bankruptcy Judge Martin Glenn in Manhattan…
By Davide Barbuscia NEW YORK (Reuters) -Several parts of the U.S. Treasury yield curve are reaching deeper levels of inversion, a sign that bond investors are increasingly worried about an economic slowdown as the Federal Reserve looks set to raise interest rates further. An inverted yield curve occurs when yields on shorter-dated Treasuries rise above…
