By David Shepardson and Stephen Nellis WASHINGTON (Reuters) -U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy, the State Department and sources said, as the most powerful semiconductor lobby group urged a halt to more curbs under consideration. Secretary of State Antony Blinken talked with chip company chief…
By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft’s $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency’s fight is nearing the end. After two court losses last week, the agency’s…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway sold 70% of its investment in Activision Blizzard in the second quarter, appearing to miss out on some gains when a federal judge said Microsoft can complete its $68.7 billion purchase of the video game maker. In a regulatory filing on Monday, Berkshire said it owned…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said it was investigating a United Airlines Boeing 767-300 flight that lost an emergency evacuation slide on Monday shortly before landing safely in Chicago. After United Airlines Flight 12, with 155 passengers and 10 crew, landed in Chicago from Zurich, Switzerland, maintenance workers discovered the slide…
By Mathieu Rosemain PARIS (Reuters) -Casino’s board approved moving forward with talks on Monday with Czech billionaire Daniel Kretinsky over a plan to inject 1.2 billion euros ($1.35 billion) of new money in the distressed French retailer, the group said. Kretinsky’s attempt to gain control of Casino, France’s sixth-largest retailer, appears to be getting closer…
By Mike Scarcella (Reuters) – Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. Temu, represented by prominent U.S. law firm Boies Schiller Flexner, filed the new case on Friday in Boston…
By Jonathan Stempel (Reuters) – The U.S. government on Monday sued a New York-based company for allegedly operating a so-called “massive ‘consent farm’ enterprise” to trick nearly 1 million people a day into providing personal information and consent to receive telemarketing calls. Fluent LLC was accused of having since 2011 used deceptive ads and websites…
(Reuters) – Salesforce appointed Wachtell, Lipton’s Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. “I’m thrilled to welcome Sabastian to Salesforce as part of our world-class management team,” CEO Marc…
By Paritosh Bansal (Reuters) -At $25 trillion, the U.S. Treasury market is massive. And yet, small independent broker-dealers say they are running out of room to operate there. Over the past decade, at least eight independent broker-dealers have been either bought by bigger firms or closed shop, a Reuters tally shows, taking out intermediation capacity…
By John Kruzel WASHINGTON (Reuters) – A group of individual plaintiffs on Monday asked the U.S. Supreme Court to temporarily halt Microsoft’s $69 billion acquisition of Activision Blizzard, the largest in the history of the videogame industry. The bid by the plaintiffs was separate from a request by the U.S. Federal Trade Commission to pause…
