(This April 18 story has been corrected to fix the title to director, not CEO, in paragraph 4) By Mrinalika Roy (Reuters) – Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is expected to meet top potential donors for his planned re-election campaign next week, according to two people with direct knowledge of the plans. The effort to organize prospective financial backers comes as Biden aides have ramped up planning for the long-expected launch of the…
(Reuters) – Donald Trump continued to rack up endorsements in Florida for his presidential campaign on Wednesday, outmaneuvering the state’s Governor Ron DeSantis on his home turf. Vern Buchanan, co-chair of the state’s congressional delegation became the eighth Florida lawmaker to come out in support of the former president, announcing his endorsement on Wednesday, hours…
By Luc Cohen NEW YORK (Reuters) -A former prosecutor who once led the Manhattan district attorney’s criminal investigation into former U.S. President Donald Trump must testify before a congressional committee, a federal judge ruled on Wednesday. Manhattan District Attorney Alvin Bragg, a Democrat whose office’s investigation led to a grand jury indicting Trump in the…
(Corrects typo in lead paragraph) By Blake Brittain (Reuters) – Tesla Inc has settled a lawsuit against one of its former engineers, Alexander Yatskov, whom it accused of stealing trade secrets related to its AI-training supercomputer Dojo, according to a filing on Wednesday in San Francisco federal court. The joint filing said the terms of…
By Blake Brittain (Reuters) – Stability AI, Midjourney, and DeviantArt fired back Tuesday at a group of artists who accused them of committing mass copyright infringement by using the artists’ work in generative AI systems. The companies asked a San Francisco federal court to dismiss the artists’ proposed class action lawsuit, arguing that the AI-created…
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court Justice Samuel Alito on Wednesday extended by two days a temporary block on limits set by lower courts on access to the abortion pill mifepristone in a challenge by anti-abortion groups to the drug’s federal regulatory approval. The decision to keep the matter on hold gives the…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting to see “whether there are other credit shoes to drop.” “Not in the crisis sense, but in the how much squeezing is going to…
-Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled nearly 23% to 38 cents in after hours trading. They are down about 86% since the company said in January that…
NEW YORK/WASHINGTON (Reuters) – A former employee at the U.S. Consumer Financial Protection Bureau (CFPB) sent confidential records relating to hundreds of thousands of consumers and several financial institutions to their personal email account, the agency said on Wednesday. The bureau found personally identifiable information relating to customers of seven institutions that had been forwarded…
