Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Steve Scherer and Katharine Jackson Published Feb 12, 2023 • 2 minute read Join the conversation Article content OTTAWA/WASHINGTON — The airspace over Lake Michigan has been temporarily restricted due to national defense reasons, according to a U.S. Federal Aviation Administration notice on […]
Article content A U.S. judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc of misleading investors about the online brokerage’s financials and growth prospects when conducting its 2021 initial public offering. U.S. District Judge Edward Chen in San Francisco found no proof that disclosures in Robinhood’s IPO materials were false or misleading, or that […]
Article content NEW YORK — U.S. stocks were down in afternoon trading on Wednesday, paring some of the strong gains in the previous session, with tech-focused shares leading the way lower. Alphabet shares were down about 8% after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Article content Among the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Martin Coulter and Greg Bensinger Published Feb 08, 2023 • 4 minute read Join the conversation Article content LONDON, Feb 8 (Reuters) – A selloff of Alphabet Inc shares knocked $100 billion in market value from Google’s parent company on Wednesday after its […]
Article content LONDON — The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report. “On the basis of our work to date, the Bank of England and […]
Article content Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a […]
Article content FRANKFURT — A London-based employee of advisory firm Perella Weinberg Partners under investigation for alleged insider trading has died by suicide, two people with knowledge of the situation said on Tuesday. “We are incredibly saddened by the tragic loss of our colleague,” Perella said in a statement, without giving details. Article content German […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Scott Disavino Published Jan 20, 2023 • 2 minute read Join the conversation Article content U.S. energy firms cut the most oil rigs in a week since September 2021, energy services firm Baker Hughes Co said in its closely followed report on Friday. […]
Article content SAN FRANCISCO — Jury selection kicked off on Tuesday in a case brought by Tesla Inc shareholders who claim Elon Musk’s 2018 statement that funding was “secured” to take the electric car maker private amounted to fraud. The lawsuit in San Francisco federal court seeks damages for shareholders who bought or sold Tesla […]
Article content India’s Maharashtra has entered a $2.5 billion partnership with Taiwan’s Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state, the parties said on Tuesday. The Indian company, Belrise Industries Ltd, and Gogoro will form an equal-stakes joint venture and invest the amount […]