By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a high-profile trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The…
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had wanted a half-point interest-rate hike before the mid-March collapse of two regional U.S. banks, minutes of the Fed’s discount rate meetings showed on Tuesday Their votes for an increase in the discount rate – what…
By Michael S. Derby (Reuters) -The U.S. central bank most likely has one more interest rate rise ahead of it as it continues to work to lower high inflation, Atlanta Federal Reserve President Raphael Bostic said on Tuesday. “One more move should be enough for us to then take a step back and see how…
WASHINGTON (Reuters) – The U.S. Justice Department on Tuesday said it had reached a settlement with General Motors Co to resolve the department’s determination that the American automaker discriminated against non-U.S. citizens. Under the terms of the agreement, the company will pay $365,000 in civil penalties to the United States, the Justice Department said in…
(Reuters) -Bankrupt crypto exchange FTX’s potential revival has drawn interest from venture firm Tribe Capital, Bloomberg News reported on Tuesday citing people familiar with the matter. Tribe is considering leading a $250 million fund-raising campaign, anchored by $100 million from itself and its limited partners, the report said citing one of the people. Bahamas-based FTX…
By Huw Jones (Reuters) -The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago. Proposals from the EU’s executive seek to ensure that banks hold enough resources, in particular debt that…
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies plan on Tuesday but the relatively modest budget, lack of a domestic market for cutting-edge chips and red tape could hamper efforts to catch up with the United States and Asia. The size of subsidies…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. single-family homebuilding increased for a second straight month in March, while permits for future construction surged, offering some glimmers of hope for the depressed housing market ahead of the busy spring selling season. Single-family housing starts, which account for the bulk of homebuilding, rose 2.7% to a seasonally adjusted…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -The courtroom showdown in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News is set to get underway on Tuesday, with jury selection due to be completed and opening statements delivered in a trial putting one of the world’s leading…
By Maggie Fick BARCELONA (Reuters) – AstraZeneca is confident that its new version of COVID-19 antibody treatment could protect immunocompromised patients against all known virus variants, its vaccines head said. Laboratory studies show the antibody, called AZD3152, neutralizes all known variants of COVID-19 and AstraZeneca has support from regulators to make the treatment available by…
