By Daniel Wiessner (Reuters) – The agency that enforces U.S. labor laws on Wednesday made it more difficult for businesses to defend workplace rules that could interfere with employees’ rights to join unions, as part of a case involving waste disposal company Stericycle. The Democrat-led National Labor Relations Board’s 3-1 decision could provide a boost…
NEW YORK (Reuters) – JPMorgan CEO Jamie Dimon said on Wednesday bank regulators risk making mortgages and small-business loans less affordable with the capital raises proposed by the Federal Reserve and the FDIC. In an interview with CNBC, Dimon said regulators are drafting rules “without any forethought of the consequences and very little calibration,” and…
By Dietrich Knauth NEW YORK (Reuters) – Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged a U.S. judge to temporarily block the company from seeking bankruptcy protection for a third time for its talc subsidiary. J&J’s attempt at resolving thousands of cancer lawsuits…
By Jonathan Stempel NEW YORK (Reuters) – The indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is trying to stay out of jail for disclosing too much to the press, and enlisted one of the foremost American constitutional law experts for help. Laurence Tribe, the longtime Harvard Law School professor, in a Tuesday night court filing…
By Kanishka Singh and Andrea Shalal WASHINGTON (Reuters) -The World Bank on Wednesday said it was “alarmed” by efforts to overthrow the democratically elected government in Niger, and had suspended disbursements in the African country until further notice, except for private-sector partnerships. Niger has one of the largest World Bank portfolios in Africa, amounting to…
By Lawrence Delevingne (Reuters) -Global stocks slumped on Wednesday, while Treasury yields ticked up and the dollar gained, as investors digested an unexpected downgrade of the United States’ top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience. While shares lost ground, investors showed little sign of panic after Fitch…
By Luc Cohen NEW YORK (Reuters) – Here are five takeaways from Tuesday’s indictment accusing former U.S. President Donald Trump with conspiring to overturn the results of the 2020 election, which he lost to Democrat Joe Biden. TRUMP DIRECTED THE PLAN TO SUBMIT FAKE ELECTORS The indictment accused Trump of organizing a push to get…
By Sarah N. Lynch, Jacqueline Thomsen and Andrew Goudsward WASHINGTON (Reuters) -Donald Trump was indicted on Tuesday for his wide-ranging attempts to overturn the 2020 election, the third time in four months that the former U.S. president has been criminally charged even as he campaigns to regain the presidency next year. The four-count, 45-page indictment…
(Reuters) -Electronic Arts shares sank more than 7% on Wednesday, a day after the videogame publisher projected quarterly net bookings below expectations due to high competition and muted spending by gamers. Legacy videogame publishers such EA are not only struggling with slowing spending, but also fighting for top spots with new entrants like Warner Bros…
By Ann Saphir (Reuters) -After more than a year of search, the Kansas City Federal Reserve Bank has a new leader: Jeffrey Schmid, a former banking executive who ran three different financial institutions over a four-decade-plus career that also included a stint in bank supervision. Schmid, who for the last two years has led the…
