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Former US prison employee to admit to accepting payments from Rajaratnam -source
By Nate Raymond BOSTON (Reuters) - A former employee of a federal prison in Massachusetts has agreed to plead guilty to secretly accepting thousands of dollars from Raj Rajaratnam while the Galleon Gr...
Syndicated Content Jul 24, 2023
South Korea’s economic growth ticks up in second quarter
SEOUL (Reuters) - South Korea's economic growth ticked up in the second quarter, led by a more favourable net export contribution, official advance estimates showed on Tuesday, slightly exceeding mark...
Syndicated Content Jul 24, 2023
UK battery startup Nexeon to supply Panasonic with advanced material
By Paul Lienert (Reuters) - UK battery startup Nexeon will supply high-energy silicon anode material to Panasonic's newest U.S. plant starting in 2025, the companies said on Monday. The use of silicon...
Syndicated Content Jul 24, 2023
US court orders law firm Covington to name some clients for SEC probe
By Andrew Goudsward (Reuters) -Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington rul...
Syndicated Content Jul 24, 2023
Rithm Capital to acquire hedge fund Sculptor for $639 million
NEW YORK (Reuters) - Asset manager Rithm Capital has agreed to acquire hedge fund firm Sculptor Capital Management for $639 million, the companies said in a statement on Monday. Rithm will pay $11.15 ...
Syndicated Content Jul 24, 2023
Starbucks illegally fired NYC supervisor over union activities, judge rules
By Jonathan Stempel NEW YORK (Reuters) - Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday...
Syndicated Content Jul 24, 2023
Apple faces $1 billion UK lawsuit by apps developers over app store fees
By Foo Yun Chee BRUSSELS (Reuters) - Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in the UK over its App...
Syndicated Content Jul 24, 2023
Marketmind: China gloom deepens, Wall Street shines
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The contrasting market fortunes between the U.S. and China are well known to in...
Syndicated Content Jul 24, 2023
Shein posts US lobbying tab as it stays in lawmakers’ crosshairs
By Arriana McLymore NEW YORK (Reuters) - Shein, an online discount clothing retailer whose labor practices in China are being questioned by U.S. lawmakers, spent $600,000 in the second quarter in lobb...
Syndicated Content Jul 24, 2023
Whirlpool profit slides as inflation hits appliance demand
(Reuters) - Whirlpool Corp reported a 29.5% slide in quarterly profit on Monday as persistent inflation hit consumer spending, weakening demand for its washing machines and kitchen appliances. Shares ...
Syndicated Content Jul 24, 2023
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