By Brendan Pierson (Reuters) – Pop star Kesha on Thursday settled a lawsuit brought by her former producer Dr. Luke, who claimed that she defamed him by accusing him of raping her. Terms of the settlement, announced in a joint statement posted on Instagram, were not made public. Neither admitted wrongdoing. “I am looking forward…
By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies look to harness a technology that has been widely touted as the next big growth driver, according to data from job portal Indeed. The May figure, at 204 per million job postings, was also more…
ZURICH (Reuters) -A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past CEOs, of being responsible for the bank’s downfall. A lawsuit filed in a New York court on Tuesday accused former bosses Thomas Gottstein, Tidjane Thiam and Brady Dougan, and several…
By Huw Jones LONDON (Reuters) – Tougher accounting rules may be needed that force companies to write down goodwill faster and stop “overly optimistic” calculations, a global securities watchdog said on Thursday. Goodwill refers to the premium a company has paid for another company, above the net value of its assets. It has to be…
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling for violence post the 2022 Brazilian election to stay online. The board said on Thursday that Meta’s original decision to leave up the Facebook video,…
By Yuvraj Malik (Reuters) -A group of buyers including Fortress Investment Group may take over Vice Media after the consortium’s $225-million offer for the bankrupt company emerged as the only “qualified” bid on the table, according to a legal filing. Thursday’s auction has been canceled and a hearing to approve the sale of the company was…
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday. The world’s two largest central…
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for a bankruptcy restructuring plan, according to people close to the matter. Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…
By Tom Polansek CHICAGO (Reuters) – More than 200 workers who clean meat plants have unionized after their employer paid U.S. fines for hiring children to do dangerous jobs sanitizing slaughterhouses, the United Food and Commercial Workers (UFCW) International Union said on Thursday. The union said it now represents Packer Sanitation Services Inc (PSSI) employees…
