The number of U.S. cases of COVID-19 approached 3 million Wednesday, and Florida’s intensive care units are filling up, as the United States counted a record number of new cases of the deadly disease in a single day, a sign that the virus is far from being contained. DataRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
2/2 © Reuters. The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City 2/2 By Krishna N. Das and Liz Lee KUALA LUMPUR (Reuters) – Malaysia’s new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlementRead More →
The number of Americans with confirmed case of the coronavirus that causes COVID-19 climbed above 1.8 million on Tuesday, amid concerns that protests about the death of George Floyd last week, and people gathering in groups as lockdowns are lifted, will spark a fresh wave of infections. President Donald TrumpRead More →
© Reuters. Residents sanitize at a church in Seoul SEOUL (Reuters) – Samsung Electronics (KS:) said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning. Samsung Electronics,Read More →
© Reuters. U.S. panel’s interim ruling favors LG Chem in trade secrets case with SK By Hyunjoo Jin SEOUL (Reuters) – A U.S. trade panel preliminarily ruled in favor of South Korean electric vehicle (EV) battery maker LG Chem (KS:) which had accused crosstown rival SK Innovation (KS:) of misappropriatingRead More →
© Reuters. LG Chem says U.S. panel’s interim ruling favors it in SK trade secrets case By Hyunjoo Jin SEOUL (Reuters) – A U.S. trade panel ruled on an interim basis in favor of South Korean electric vehicle (EV) battery maker LG Chem (KS:) which had accused crosstown rival SKRead More →
CAIRO (Reuters) – Kuwait’s anti-corruption authority (NAZAHA) said on Thursday it was open to receiving any information about alleged bribes paid to secure Airbus (PA:) plane orders involving Kuwaiti parties, according to the state news agency. NAZAHA’s investigations spokesman, Mohammad Bo-Zober, was quoted as saying the authority had started reachingRead More →
© Reuters. Mike Ashley’s Frasers in the clear over bulk of Belgian tax case LONDON (Reuters) – British sportswear retailer Frasers (L:), formerly Sports Direct , has been informed by the Belgian Tax Authority it is satisfied with the firm’s explanation regarding the bulk of queries over sales tax ofRead More →
ZURICH (Reuters) – Credit Suisse (S:) on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank’s then-head of human resources followed in February and covered it up. “The observation of Peter Goerke,Read More →
© Reuters. FILE PHOTO: Logo of Bayer AG at a plant of the German pharmaceutical and chemical maker in Wuppertal (Reuters) – The U.S. Environmental Protection Agency and the Justice Department said a federal appeals court should reverse a lower court verdict finding Bayer AG (DE:) liable in the caseRead More →
ISTANBUL (Reuters) – Turkish Airlines (IS:) is preparing to open a court case against Boeing Co (N:) due to uncertainty regarding the plane manufacturer’s 737 MAX jetliner, Demiroren news agency said on Thursday evening. The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killedRead More →
© Reuters. Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage By Jan Wolfe (Reuters) – Bristol-Myers Squibb (NYSE:) Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc (NASDAQ:) in a U.S. patent dispute relatingRead More →
By Byron Kaye SYDNEY (Reuters) – A four-word handwritten note by a JPMorgan Chase & Co (N:) banker has been seized by Australian prosecutors as fundamental to a criminal cartel prosecution against Citigroup Inc (N:) and Deutsche Bank AG (DE:), a court heard on Friday. The note, which said “outRead More →
The best-case scenario for Tesla Inc. stock is zooming to $500, an upside of nearly 50% thanks to the Silicon Valley car maker’s Cybertruck and the progress of its China factory. That’s from analysts at Morgan Stanley, led by Adam Jonas, in upping their “bull case” on Tesla TSLA, +2.03%Read More →
By Karen Freifeld (Reuters) – A U.S. judge on Tuesday disqualified James Cole, a Washington lawyer for China’s Huawei, from defending the telecommunications equipment maker against charges of bank fraud and sanctions violations. Judge Ann Donnelly of U.S. District Court in Brooklyn, New York, issued her order after federal prosecutorsRead More →
© Reuters. Computer chip maker Intel’s logo is shown on a gaming computer display during the opening day of E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles By Stephen Nellis (Reuters) – The cost of cars equipped with ultra-fast 5G wirelessRead More →
© Reuters. Samsung Heavy Industries to pay $75 million to resolve foreign bribery case: U.S. WASHINGTON (Reuters) – Samsung (KS:) heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribesRead More →
Since bottoming Christmas Eve, the benchmark S&P 500 Index is up over 30%, but the U.S. 10-year Treasury yield has fallen by 100 basis points. While at first glance those markets might be sending conflicting signals, I see a consistent message. Both bond and equity markets have priced in theRead More →
Robert Reich, who served as labor secretary in the Clinton administration, was honored by Time magazine as one of the 10 most effective cabinet secretaries of the 20th century. He’s a Rhodes scholar, a best-selling author, a documentarian and a professor of public policy at the University of California atRead More →
© Reuters. Johnson and Johnson logo is seen at an office building in Singapore By Brendan Pierson and Nate Raymond NEW YORK (Reuters) – Johnson & Johnson (NYSE:) must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warnRead More →
© Reuters. Huawei CFO Meng Wanzhou is escorted by Canada Border Services Agency (CBSA) staff during her arrival at Vancouver International airport By Karen Freifeld NEW YORK (Reuters) – U.S.-based Citigroup Inc (N:) and French bank BNP Paribas (PA:) are caught up in the U.S. criminal case against the chiefRead More →
© Reuters. FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London BRUSSELS (Reuters) – HSBC’s (L:) Swiss private banking arm, has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday.Read More →
If you think gold is always a “safe haven” financial asset, think again. It crashed in the 2008 financial crisis along with everything else. And it lost about three-quarters of its purchasing value during the 1980s and 1990s. But it’s acting like a safe haven now. Bullion prices surged Monday,Read More →
© Reuters. FILE PHOTO: Monsanto Co’s Roundup shown for sale in California By Tina Bellon (Reuters) – A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s (DE:) glyphosate-based weed killer Roundup for their cancer to $86.7 million. SuperiorRead More →
