By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Franco-Italian automaker Stellantis NV, over bribery allegations involving the United Auto Workers union. The justices turned away an appeal by…
By Jody Godoy (Reuters) – Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange’s collapse should be dismissed. The proposed class action in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the…
By Luc Cohen NEW YORK (Reuters) -Republican U.S. congressman Jim Jordan on Monday asked a judge to let a House of Representatives panel’s investigation into the criminal prosecution of former President Donald Trump proceed, saying a subpoena of a former Manhattan prosecutor was needed by lawmakers as they consider possible legislation. Jordan, chairman of the…
By Pavel Polityuk, Pawel Florkiewicz and Andriy Perun KYIV/RAVA-RUSKA, Ukraine (Reuters) – Slovakia on Monday joined Poland and Hungary in banning grain imports from Ukraine as even Kyiv’s staunchest allies come under domestic pressure to shield their agriculture markets. The heat is mounting on Brussels to work out a European Union wide solution after Warsaw…
(Reuters) – Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue. Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options including a sale. According to Trillium’s Monday statement, Getty…
By Akash Sriram (Reuters) -Tesla Inc’s first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle maker slashed prices to lure more buyers in the face of rising competition and a weak economy. The world’s most valuable automaker, which commands over half of the U.S. EV market, cut sticker prices…
By Andrea Shalal WASHINGTON (Reuters) -The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow’s revenues. The G7 and Australia made the decision to maintain…
By Lucia Mutikani WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boosted demand for new houses, but a shortage of building materials remained a challenge. Other data on Monday showed manufacturing activity in New York state…
By Sheila Dang (Reuters) -Montana lawmakers on Friday passed a bill to ban popular short-form video app TikTok from operating in the state, the latest threat to the Chinese-owned app’s existence in the U.S. The bill, known as SB 419, would prohibit mobile app stores from offering TikTok for download to users in Montana. The…
By Brendan Pierson (Reuters) -E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on Monday settled claims by the state of Minnesota that accused them of fueling teen vaping addiction. The settlement was announced by Minnesota Attorney General Keith Ellison and by Juul as a trial in the case,…
