(Reuters) -U.S. Senator Elizabeth Warren has accused First Republic Bank executives of “mismanagement” in a letter to its former CEO Micahel Roffler and raised questions on the failed lender’s risk management as well as pay and bonuses. “You owe your customers and the public an explanation for the decisions that resulted in the costly failure…
By Daniel Wiessner (Reuters) – U.S. appeals court judges on Thursday expressed skepticism that Starbucks Corp hurt a union organizing effort when it fired seven leaders, and appeared open to the coffee chain’s argument that doing so did not violate federal labor law. The case involving a Starbucks cafe in Memphis, Tennessee is one of…
By Andrew Osborn LONDON (Reuters) – The humiliating spectacle for Russia of two drones flying over the walls of the Kremlin, its historic seat of power, has spawned conflicting theories about who did it and why – but for Vladimir Putin the incident could yet prove useful politically. Although the drones were destroyed before causing…
NEW YORK (Reuters) – The U.S. Virgin Islands may serve legal papers on Larry Page as part of its lawsuit against JPMorgan Chase & Co <JPM.N> over its ties to the late sex offender Jeffrey Epstein, a judge ruled on Thursday. The ruling by U.S. District Judge Jed Rakoff in federal court in Manhattan did…
WASHINGTON (Reuters) – U.S. ambassador to Russia Lynne Tracy on Thursday visited American citizen Paul Whelan in the prison he has been held in Mordovia in eastern Russia, the U.S. embassy said. “Paul has been wrongfully detained in Russia for more than 4 years, and his release remains an absolute priority. The U.S. government will…
By Stephanie van den Berg and Toby Sterling THE HAGUE (Reuters) – Russian President Vladimir Putin must be brought to justice for his war in Ukraine, Ukrainian President Volodymyr Zelenskiy said on Thursday in The Hague, calling for a new international tribunal for the “crime of aggression.” “We’re going to set up a specific tribunal……
By Martin Petty (Reuters) – The United States and the Philippines have agreed on new guidelines for their 1951 Mutual Defense Treaty, following multiple requests by Manila to make clear the conditions under which Washington would come to its defence. WHY DID THE PHILIPPINES WANT CLARIFICATION? Though the United States has reassured the Philippines their…
By Karen Lema MANILA (Reuters) – The United States has laid out in clear terms the extent of its defence treaty commitments to the Philippines, issuing new guidelines that refer specifically to attacks in the South China Sea, including on its coast guard. The six-page “bilateral defence guidelines” agreed in Washington on Wednesday follow a…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased last week as the labor market gradually softens amid higher interest rates, which are cooling demand in the economy. But borrowing costs could remain elevated for a while, with other data on Thursday showing labor costs surged in…
By Timothy Gardner WASHINGTON (Reuters) – U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries. Rita Baranwal, the Westinghouse Electricity Co’s top technology officer, said the reactor, dubbed AP300 for its planned 300 Megawatt capacity,…
