By Tom Hals WILMINGTON, Delaware (Reuters) – The Walt Disney Co board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of…
By Aishwarya Nair (Reuters) – Circor International Inc said on Tuesday it would proceed with plans to sell itself to private equity firm KKR & Co Inc in a $1.7 billion deal after snubbing an offer from an unnamed bidder, which sources identified as private equity firm Arcline Investment Management. Circor, an industrial machinery maker,…
By Kanishka Singh WASHINGTON (Reuters) – A former police chief in Maryland, who was labeled a serial arsonist by law enforcement officials and convicted of setting several fires over a span of nine years targeting his enemies, was sentenced on Tuesday to life in prison. David Crawford, 71, of Ellicott City who served as police…
By Karen Freifeld and Luc Cohen (Reuters) -A U.S. judge on Tuesday said he would likely decline former U.S. President Donald Trump’s bid to move from state to federal court a criminal case stemming from a hush money payment to a porn star. Trump’s lawyers say federal court is the proper venue for the case,…
(Reuters) – The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in…
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican shipping startup Nuvocargo announced on Tuesday it had raised $36.5 million in a new round led by QED Investors, as nearshoring offer new trade opportunities between Mexico and the U.S. The round, which also included participation from NFX and Tiger Global, will allow Nuvocargo to cover the…
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) – Acting Labor Secretary Julie Su’s nomination to officially lead that agency is at risk even after she helped negotiate a crucial contract deal between U.S. West Coast seaport employers and the union representing 22,000 workers this month. The criticism from Republican opponents in the U.S….
By Daphne Psaledakis and Humeyra Pamuk WASHINGTON (Reuters) – The United States took aim at Russia’s Wagner Group and imposed sanctions on Tuesday on companies it accused of engaging in illicit gold dealings to fund the mercenary force. The U.S. Treasury Department in a statement said it slapped sanctions on four companies in the United…
By Greg Bensinger SAN FRANCISCO (Reuters) – Arguing for the government on Tuesday in its legal fight against Microsoft’s $69 billion deal to buy game maker Activision Blizzard, Harvard economist Robin Lee struggled at times to plainly demonstrate how the planned deal would hurt gamers. The U.S. Federal Trade Commission has asked a federal judge…
(Reuters) – National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S. Bankruptcy Court for Southern District of Texas. The biggest movie-theater advertising firm in North America will maintain its existing corporate structure with listed holding company…
