Elon Musk attends the closing arguments of his trial in a defamation case brought by British cave diver Vernon Unsworth as Judge Stephen Brown watches at rear, in a courtroom drawing during a defamation trial in Los Angeles, California, U.S., December 6, 2019. REUTERS/Mona Shafer Edwards LOS ANGELES (Reuters) – A U.S.…
Category: News
All kinds of news.
Wall Street climbs on solid jobs data, trade hopes
NEW YORK (Reuters) – Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. All three major U.S. stock indexes gained ground, hovering within 1% of record highs set last week. But as a…
JPMorgan banker testifying for cartel prosecutors says there was no agreement
SYDNEY (Reuters) – A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co…
Tesla boss Elon Musk wins defamation trial sparked by ‘pedo guy’ tweet
LOS ANGELES (Reuters) – Tesla Inc boss Elon Musk emerged victorious on Friday from a defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter. The unanimous verdict by a jury of…
Mexico official lauds progress on trade deal but says work remains
WASHINGTON (Reuters) – Mexico’s deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made “good progress” to close the United States-Mexico-Canada Agreement (USMCA) trade deal, but many elements remained to be resolved. “We’re working hard on all the issues, it’s not easy,” he told reporters outside the U.S.…
FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes
WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co, alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes. FILE PHOTO: Boeing employees work on the tail of a Boeing 737 NG at…
Global stocks rally, dollar gains on robust U.S. jobs data
NEW YORK (Reuters) – The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more…
Musk’s defamation win may reset legal landscape for social media
(Reuters) – Elon Musk’s daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with his willingness to defend at a high-stakes trial a lawsuit over an off-the-cuff tweet. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on…
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019.…
Mexico, U.S. discuss ‘last issues’ in trade pact, faced with new steel demand
FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade, reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal at the Senate building in Mexico City, Mexico May 30, 2019. REUTERS/Henry Romero WASHINGTON (Reuters) – Mexico’s deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators…
Parliament in a Time of Permanent Campaigning
Justin Trudeau’s minority government means that everyone in the new Parliament is likely to be in campaign mode all the time. Well, they’re back, and once again newscasts are brimming with clips from Question Period in the House of Commons. But don’t despair if you’re not a fan of Parliamentary debate. The…
Teenager Pleads Guilty to Throwing Boy Off Balcony at Tate Modern in London
A teenager who threw a 6-year-old boy off a balcony at the Tate Modern museum in London in August pleaded guilty on Friday to one count of attempted murder, according to the authorities. The teenager, Jonty Bravery, from the Ealing area west of London, admitted at London’s Old Bailey criminal court to…
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish
Early on Oct. 15, a group of international investment bankers delivered some unwelcome news to top executives of Saudi Arabia’s giant oil company, Saudi Aramco. The bankers, gathered at Aramco’s headquarters in Dhahran, reported that global investors weren’t as bullish on the company’s initial public offering of stock as the officials had…
Boeing says 737 MAX approval delays could hit production
SEATTLE (Reuters) – Significant additional regulatory requirements or delays in returning Boeing Co’s 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in an Oct. 18 letter released on Thursday. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Boeing…
Factbox: Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm
(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin. FILE PHOTO: A sign is pictured outs a Google offcie near the company’s…
GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio
WARREN, Mich. (Reuters) – General Motors Co (GM.N) and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. The plant, to be built near GM’s closed assembly plant…
United Auto Workers union names reformer Gamble president until 2022
(Reuters) – The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms following a criminal investigation into illegal payoffs that has rocked the union. FILE PHOTO: United Auto Workers (UAW) acting president Rory Gamble…