Judge throws out shareholder lawsuit against Elon Musk over Twitter buyout
By Jonathan Stempel (Reuters) – A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter…
Economy
Diversified Healthcare Trust shareholder pushes for alternatives to OPI merger
By Svea Herbst-Bayliss NEW YORK (Reuters) – One of Diversified Healthcare Trust’s (DHC) largest shareholders is opposing the real estate…
Private equity firm GTCR amasses $11.5 billion in record fundraise
(Refile to change “customer” to “consumer services” in last paragraph) By Chibuike Oguh NEW YORK (Reuters) -Private equity firm GTCR…
Mining lags on female C-suite, board representation
By Clara Denina and Helen Reid LONDON (Reuters) – Mining firms lag far behind other sectors on female representation in…
Watchdog proposes first set of global rules for crypto sector
By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and…
Former Fed chief Bernanke says labor costs becoming more prominent in inflation
By Howard Schneider WASHINGTON (Reuters) -A tight U.S. job market and rising wages are beginning to have more of an…
Alibaba’s cloud unit to cut 7% of staff in overhaul – source
(Reuters) – Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the…
Fed’s jobs-weighted framework caused more problems than it fixed -research
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting…
IMF staff, Kenya reach agreement on over $1 billion of new financing
By George Obulutsa NAIROBI (Reuters) – International Monetary Fund staff and Kenya have reached an agreement that could unlock more…
US business activity rises to 13-month high in May, S&P Global survey shows
WASHINGTON (Reuters) – U.S. business activity increased to a 13-month high in May, lifted by strong growth in the services…