US – Page 211 – The Cheap Investor

Lockheed Martin collaborates with GlobalFoundries to secure defense chip supply

The Cheap Investor3 years ago3 years ago02 mins

(Reuters) – Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems. The strategic collaboration will secure manufacturing across a range of advanced and next-generation chips, and will allow leveraging of GlobalFoundries’ technology to increase anti-fragility in microelectronics systems and supply chains. Defense companies have…

Carnival leads gains in cruise stocks as analysts eye strong travel demand

The Cheap Investor3 years ago3 years ago02 mins

By Chibuike Oguh NEW YORK (Reuters) – Shares of Carnival Corp and Norwegian Cruise Line Holdings Ltd jumped on Monday, and were among the top S&P 500 performers, as analysts anticipate continuing growth in travel demand from customers. Bookings across the cruise industry, which were hit hard during the pandemic, have now reached historical levels…

Illumina CEO deSouza resigns after proxy battle with Icahn

The Cheap Investor3 years ago3 years ago03 mins

(Reuters) -Illumina CEO Francis deSouza stepped down on Sunday, marking a victory for activist investor Carl Icahn and heightening expectations that it could unwind its controversial $7.1 billion acquisition of Grail. The gene-sequencing machine maker had repurchased Grail, a cancer diagnostic test maker, in 2021 despite opposition from U.S. and European antitrust regulators – a…

American, JetBlue urge US judge to allow them to keep codeshare arrangements

The Cheap Investor3 years ago3 years ago02 mins

By David Shepardson WASHINGTON (Reuters) – American Airlines and JetBlue Airways asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. U.S. District Judge Leo Sorokin ruled on May 19 that the airlines must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue…

US Supreme Court’s dog toy ruling puts parody products on notice

The Cheap Investor3 years ago3 years ago04 mins

By Blake Brittain (Reuters) – The U.S. Supreme Court handed brand owners a win against parody products on Thursday when it ruled that “Bad Spaniels” dog toys resembling Jack Daniel’s whiskey bottles are not shielded by the U.S. Constitution from the liquor maker’s trademark lawsuit. The decision is likely to force companies to toe a…

White House reschedules Biden meeting with NATO chief

The Cheap Investor3 years ago3 years ago01 mins

WASHINGTON (Reuters) – A White House meeting between Joe Biden and NATO Secretary-General Jens Stoltenberg that had been set to take place on Monday has been rescheduled to Tuesday, the White House said, after announcing the U.S. president would undergo an unscheduled root canal. (Reporting by Trevor Hunnicutt; writing by Rami Ayyub; editing by Tim…

Verizon searching for new finance chief and potential CEO successor – WSJ

The Cheap Investor3 years ago3 years ago01 mins

(Reuters) – Verizon Communications is searching for a new finance chief and looking for potential candidates to later succeed CEO Hans Vestberg, the Wall Street Journal reported on Monday citing people familiar with the matter. The company had reshuffled its senior leadership roles in March and appointed Tony Skiadas to replace former Chief Financial Officer…

YouTube resolves composer’s copyright lawsuit one day before trial

The Cheap Investor3 years ago3 years ago02 mins

By Blake Brittain (Reuters) – Alphabet’s YouTube and Grammy-winning composer Maria Schneider said in a court filing on Sunday that they agreed to dismiss Schneider’s San Francisco federal lawsuit accusing the video-sharing site of enabling the piracy of her works. A trial in the copyright infringement case had been set to begin on Monday. YouTube…

Fed Board nominee hearing at Senate panel set for June 21

The Cheap Investor3 years ago01 mins

(Reuters) – U.S. President Joe Biden’s picks for Federal Reserve Vice Chair and to fill one vacant Fed Board seat will appear before the Senate Banking Committee on June 21 for a nomination hearing, according to an email from the committee chair Sherrod Brown. The panel will also consider the renomination of Fed Governor Lisa…

U.S. Supreme Court rejects challenge to Alabama county bail system

The Cheap Investor3 years ago3 years ago02 mins

By John Kruzel WASHINGTON(Reuters) – The U.S. Supreme Court on Monday declined to decide whether requiring criminal defendants to pay a fixed amount of cash bail to secure their release from jail before trial violates the U.S. Constitution. The justices turned away an appeal by Bradley Hester of a lower court’s ruling that upheld Cullman…