By Jonathan Stempel (Reuters) -A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension fund…
By Nathan Layne, Alexandra Ulmer and Gram Slattery (Reuters) – Former President Donald Trump is leveraging his connections to loyalists in key primary states to lobby for voting rules and dates that could cement his front-runner status in the race for the 2024 Republican presidential nomination, his team and sources in several states told Reuters….
By Brendan Pierson (Reuters) – South Carolina’s highest court on Tuesday appeared open to upholding a new state law banning abortion after about six weeks of pregnancy, months after it blocked a similar ban. Abortion providers, led by Planned Parenthood, last month won a court order temporarily blocking the law from taking effect until their…
By Gabriel Araujo SAO PAULO (Reuters) -Investors were left disappointed by weaker-than-expected order numbers for Brazil’s Embraer at the world’s largest airshow last week, though some analysts were heartened by a bid from China and interest in Embraer’s electric aircraft unit. The world’s third-largest aircraft maker after Airbus and Boeing, Embraer bagged 13 fresh orders…
By Alexandra Ulmer and Marianna Parraga (Reuters) – A Russian oil firm is asking Venezuela’s state-run company PDVSA for permission to take control of exports from their joint ventures to revive cash flow from the five companies, which have been hard-hit by U.S. sanctions, two people involved in the talks said. Roszarubezhneft – a state-owned…
WASHINGTON (Reuters) – U.S. Deputy Secretary of State Wendy Sherman held a call with China’s ambassador to the United States on Tuesday to follow up on issues discussed during U.S. top diplomat Antony Blinken’s visit to Beijing last week, the State Department said. In the call with Chinese Ambassador Xie Feng, Sherman reiterated the importance…
By Tommy Wilkes LONDON (Reuters) – U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey released on Tuesday, despite the Republican campaign against climate-focused investing in the United States. Nearly a third of North American fixed income managers…
By Shankar Ramakrishnan NEW YORK (Reuters) -A type of derivative trade that became popular with companies over the past year to save on interest costs is seeing demand slow, with risk increasing that the bets could backfire as the Federal Reserve nears the end of its policy tightening cycle. The so-called pre-issuance hedges are derivative…
By Jennifer Rigby LONDON (Reuters) – Three global health bodies are teaming up to investigate stockpiling experimental vaccines for rare infectious diseases so the shots can be tested more quickly when outbreaks happen, a top official from vaccine alliance Gavi told Reuters. The initiative will be led by Gavi, the World Health Organization (WHO) and…
By Richa Naidu LONDON (Reuters) – Reckitt’s Lysol disinfectant brand said on Tuesday that it would start selling in the U.S. an “air sanitizing spray” that kills 99.9% of airborne viruses and bacteria. The spray, which Reckitt said helps reduce the spread of airborne pathogens such as cold, Influenza and Coronavirus, has been approved by…
