By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried’s upcoming trial on fraud charges marks a major test for a broader crackdown on white collar crime led by Manhattan’s top federal prosecutor: Damian Williams. Upon taking office in late 2021 as the U.S. Attorney for the Southern District of New York, Williams said “rooting out…
By Dan Levine and Hyunjoo Jin SAN FRANCISCO (Reuters) -The lawyer representing victims of a fatal crash of a Tesla Model 3 car in his opening statement in court on Thursday blamed the company’s Autopilot driver assistant system, saying that “a car company should never sell consumers experimental vehicles.” An attorney for Tesla, in the…
By Fabio Teixeira RIO DE JANEIRO (Reuters) -A Brazilian court injunction is halting the sale or mining of two plots of land where takeover target Sigma Lithium is planning open pits, according to court documents seen by Reuters. Vancouver-based Sigma Lithium is one of the hottest names in Brazil’s budding lithium sector – a pioneer…
By Diane Bartz WASHINGTON -Apple and other smartphone makers turned down revenue-sharing agreements that would have helped Microsoft’s Bing search engine and instead kept Google as the default search engine, a Microsoft executive testified on Thursday. Jonathan Tinter, a Microsoft vice president whose job has been to help Bing grow, testified at the U.S. Justice…
By Daniel Wiessner (Reuters) -A New York state judge on Thursday rejected a bid by Uber Technologies Inc, DoorDash Inc and Grubhub Inc to block New York City’s novel law setting a minimum wage for app-based delivery workers. The decision by New York Acting Supreme Court Justice Nicholas Moyne will allow the law to take…
By Max A. Cherney (Reuters) -France’s competition authority raided Nvidia’s local offices this week on suspicion the chipmaker engaged in anticompetitive practices, the Wall Street Journal reported on Thursday. The French competition authority, which disclosed the dawn raid on Wednesday, did not say what practices it was investigating or which company it had targeted, beyond…
By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Thursday announced criminal insider trading charges against a former Goldman Sachs and Blackstone analyst and two friends over an alleged scheme to trade on nonpublic information about planned mergers and strategic partnerships. Authorities said former analyst Anthony Viggiano, 26, of Baldwin, New York, passed tips on…
By Stephen Nellis (Reuters) – Apple on Thursday asked the U.S. Supreme Court to strike down an order requiring changes to its App Store rules stemming from an antitrust case brought by “Fortnite” owner Epic Games. The iPhone maker has been in a legal battle with Epic since 2020, when the gaming firm alleged that…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies. Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session. U.S. West Texas Intermediate crude…
(This Sept. 26 story has been corrected to say ‘the court of Western District of Washington state’ instead of ‘the court of the District of Columbia’ in paragraph 19) By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday and asked the court to consider…
