By Blake Brittain (Reuters) -Voting technology company Smartmatic USA Corp on Tuesday fended off a patent infringement lawsuit brought by competitor Election Systems & Software LLC, persuading a federal judge that the last patent remaining in the case is invalid. U.S. District Judge Richard Andrews in Delaware said the voting-machine patent covered unpatentable abstract ideas…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than…
By Sarah N. Lynch and Doina Chiacu WASHINGTON (Reuters) -British American Tobacco Plc has agreed to pay more than $635 million to U.S. authorities after a subsidiary pleaded guilty to charges that it conspired to violate U.S. sanctions by selling tobacco products to North Korea and commit bank fraud, a U.S. court filing and the…
By Blake Brittain (Reuters) – Jury selection is set to begin on Monday in Manhattan federal court for a trial over claims that British pop superstar Ed Sheeran owes a share of profits from his hit “Thinking Out Loud” for copying Marvin Gaye’s “Let’s Get It On.” Heirs of songwriter Ed Townsend sued Sheeran, his…
By James Davey LONDON (Reuters) – In April 2020, budget fashion chain Primark was on its knees, unable to sell hundreds of millions of pounds of stock with its entire store network shut in COVID-19 lockdowns and no online capability. Fast forward three years and the retailer, unlike several former competitors, is starting to thrive…
By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group…
By Huw Jones LONDON (Reuters) – The long-delayed forum for European Union and British financial regulators won’t reopen the door for London’s financial centre to the bloc, EU lawmakers were told on Tuesday. The Windsor agreement on EU-UK arrangements for Northern Ireland will mean that the delayed UK-EU memorandum of understanding (MOU) for a regulatory…
(This April 24 story has been corrected to fix the spelling of a name to Mahmood, not Mahmoud, in section 4) By Naomi Rovnick, Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – As calm returns to markets roiled by banking havoc in March, it’s time to reflect on the policy response. The International Monetary Fund…
By Chiara Elisei LONDON (Reuters) – Corporates’ access to capital deteriorated after turmoil in the banks sector in March while cash flow and earnings are under increasing pressure from potential recession, asset manager Janus Henderson Investors said in a report on Tuesday. Indicators such as debt loads, access to capital markets, cash flow and earnings…
A look at the day ahead in U.S. and global markets from Mike Dolan Bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics, world markets appear to have turned sour again on financial stocks as the full extent of March bank stress unfolds. Shares in First Republic Bank, one of the most…
