(Reuters) – The White House is seeking an additional $4 billion in funding from Congress for disaster needs, including to help rebuild the Baltimore bridge after its collapse and in response to…
Month: June 2024
US charges 193 people in $2.75 billion health care fraud bust
(Reuters) – The U.S. Justice Department has charged 193 people, including 76 doctors, nurses and other medical professionals, with participating in health care fraud schemes worth $2.75 billion, the agency said on…
Meta must face lawsuit claiming it prefers foreign workers over US citizens
By Daniel Wiessner (Reuters) -A U.S. appeals court on Thursday revived a software engineer’s proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs to foreign…
Factbox-Bankruptcy cases to watch after US Supreme Court Purdue Pharma ruling
(Reuters) – The U.S. Supreme Court’s ruling on Thursday scuttling OxyContin maker Purdue Pharma’s bankruptcy settlement could have a sweeping impact on how U.S. bankruptcy courts handle cases aimed at resolving sprawling…
Elon Musk won $56 billion payday because of vote, Tesla argues in court
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding…
Crypto firm Abra reaches settlement with US states for operating without licenses
By Hannah Lang (Reuters) – Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing. As part…
Biden awards up to $75 million in CHIPS Act grant to Entegris
(Reuters) – American Chip manufacturing supplier Entegris said on Wednesday that it has inked a preliminary deal with the Biden administration for funding of up to $75 million to aid the development…
US value stocks offer opportunities for bargain-hunters, BofA’s Subramanian says
By Suzanne McGee (Reuters) – Value stocks offer some of the most compelling valuations in the U.S. equity market after badly lagging their growth-focused counterparts this year, Bank of America Global Research…
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
(Reuters) -Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest…
FTX seeks creditor votes on bankruptcy wind-down payments
By Dietrich Knauth NEW YORK (Reuters) -FTX on Tuesday is asking a judge to allow customers of the bankrupt crypto exchange to vote on a liquidation plan that would pay them back…