By Dietrich Knauth NEW YORK (Reuters) -A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis ruled that Aearo, as a well-supported subsidiary…
By Karen Freifeld (Reuters) -The U.S. on Friday banned imports from China-based printer maker Ninestar Corp and a Chinese chemical company over alleged human rights abuses. Ninestar, whose website says it is the world’s fourth-largest laser printer manufacturer, and Xingjang Zhongtai Chemical, are being kept out of the U.S. supply chain for participating in business…
By Nathan Layne (Reuters) -Donald Trump’s main rivals for the 2024 Republican presidential nomination condemned the Justice Department for its move to charge him over his handling of classified documents, underscoring their fear of upsetting his core supporters. The indictment of a former president on federal charges is unprecedented in U.S. history, a case made…
By David Shepardson and Lisa Baertlein (Reuters) -The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation’s economy….
By Raphael Satter WASHINGTON (Reuters) -The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world’s earliest, biggest and most widely publicized alleged bitcoin heists. The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately…
By Dietrich Knauth NEW YORK (Reuters) – Georgia-based slot machine operator Lucky Bucks filed for bankruptcy Friday, saying that it had reached a deal to cut $500 million in debt and turn over the company’s equity to its lenders. Lucky Bucks suffered from increasing interest rates on its debt, an inflationary environment that reduced consumers’…
WASHINGTON (Reuters) – U.S. senators on Thursday introduced two separate bipartisan artificial intelligence bills on Thursday amid growing interest in addressing issues surrounding the technology. One would require the U.S. government to be transparent when using AI to interact with people and another would establish an office to determine if the United States is remaining…
By Brad Brooks (Reuters) – Federal prosecutors on Friday leveled charges of making false statements to financial institutions against a real estate developer who is at the center of allegations that led to the impeachment of Texas Attorney General Ken Paxton. A grand jury indicted Nate Paul, 36, on eight counts of making false statements…
By Luc Cohen (Reuters) – Here are five takeaways from Friday’s indictment accusing former U.S. President Donald Trump of illegally retaining classified government documents after leaving the White House and then conspiring to obstruct a federal probe of the matter. TRUMP KEPT DOCUMENTS ON MILITARY, NUCLEAR PROGRAMS Documents kept at Trump’s Mar-a-Lago estate in Florida…
By Naomi Rovnick and Koh Gui Qing NEW YORK/LONDON (Reuters) -U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash. Helped by a…
