(Reuters) -A federal judge on Friday rejected the U.S. Securities and Exchange Commission’s request to sanction Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter. U.S. District Judge (…)
(Reuters) -The U.S. Department of Justice made its final argument on Monday that Google illegally dominated online advertising technology, seeking a second antitrust win against the company. The closing arguments in Alexandria, Virginia, cap a 15-day trial held in September (…)
WASHINGTON (Reuters) -A group representing major electric vehicle and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican. The (…)
(Reuters) -Goldman Sachs said on Monday it is looking to spin out a blockchain-based technology platform designed to streamline institutional trading and reduce settlement times. The Wall Street titan said the platform, called GS DAP, will ultimately become “industry-owned.” It (…)
NEW YORK (Reuters Breakingviews) -Nvidia is making so much money that founder Jensen Huang doesn’t know what to do with it all. The $3.6 trillion chip designer is spending more on dividends and buybacks, but its cash pile is still (…)
(Reuteres) The U.S. Department of Justice will ask a judge to force Alphabet’s Google to sell off its Chrome internet browser, Bloomberg News reported on Monday (November 18), citing people familiar with the plans. Gabe Singer reports. The U.S. Department (…)
(Reuters) – Law firms enjoyed near-record profits in the third quarter of 2024 with an 11.2% increase compared with the same time last year, a new analysis of firm financial data has found. Higher lawyer productivity, strong billing rates and (…)
(WESTLAW) A domain investor who paid $10,000 for the lambo.com domain name is appealing a federal judge’s decision to recognize the maker of Lamborghini luxury cars as its rightful holder. Blair v. Automobili Lamborghini SpA, No. 22-cv-1439, notice of appeal filed (D. Ariz. Nov. 8, 2024). Richard (…)
LONDON (Reuters) – Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake (…)
(Reuters) – Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in its popular target-date retirement funds with surprisingly large tax bills. A preliminary settlement (…)