Dominion CEO describes deliberation around $787.5 million settlement with Fox
By Helen Coster (Reuters) – When deliberating whether to settle its defamation lawsuit against Fox for $787.5 million in April,…
Business
First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase
(Reuters) – First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its…
Lucid losses put Saudi Arabia’s EV strategy in the headlamps
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and…
Mothers may know best when it comes to money
By Chris Taylor NEW YORK (Reuters) – Whether they actively teach us about finances, or we just observe how they…
Ex-Tesla worker seeks third trial in race bias case after $3.2 million award
By Daniel Wiessner (Reuters) – A Black former Tesla Inc factory worker has accused the electric automaker’s lawyers of “egregious…
US debt ceiling impasse pushes government credit default swaps to record high
By Davide Barbuscia NEW YORK (Reuters) -The cost of insuring exposure to U.S. government debt rose to fresh highs on…
Atlantic City casino-hotels accused in scheme to boost room rates
By Mike Scarcella (Reuters) – Caesars Entertainment Inc, MGM Resorts International and other casino-hotel operators in Atlantic City, New Jersey,…
Coffee chain Tim Hortons to open stores in South Korea
NEW YORK (Reuters) – North American coffee shop chain Tim Hortons will enter the retail market in South Korea later…
Panasonic sees record profit on robust battery demand, U.S. tax credit
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this…
U.S. prosecutors look at short selling in bank shares – source
By Chris Prentice NEW YORK (Reuters) – Federal prosecutors in Washington are looking into short seller activity around the recent…