Mar 20, 2023
Google denies destroying ‘chat’ evidence in U.S. antitrust lawsuit

By Mike Scarcella (Reuters) - Alphabet Inc's Google has denied intentionally destroying evidence in the U.S. Justice Department's antitrust lawsuit over the company's search business, in a response to the government's bid for sanctions in federal court. The Justice Department…

Mar 17, 2023
Biden takes aim at failed bank executives’ pay, asks Congress to act

By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives' compensation and barring officials from…

Mar 16, 2023
US banking system sound but not all deposits guaranteed, Yellen says

By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large…

Mar 15, 2023
U.S. Copyright Office says some AI-assisted works may be copyrighted

By Blake Brittain (Reuters) - The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for…

Mar 15, 2023
Tech stocks emerge as haven in sell-off fueled by bank worries

By Lewis Krauskopf NEW YORK (Reuters) - Investors are gravitating toward big technology stocks as banking crisis worries rock U.S. markets, hoping the shares are better positioned to withstand a possible economic downturn and will benefit from a steep drop…

Mar 15, 2023
How SVB Financial Group imploded in two days

(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has sparked fears of contagion in the financial sector and affected every asset class from stocks to forex. Bank stocks globally…

Mar 14, 2023
Ohio sues Norfolk Southern over Feb. 3 train derailment

By David Shepardson (Reuters) -The state of Ohio sued Norfolk Southern Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East…

Mar 14, 2023
EBay slams ‘alarming’ Meta subpoena in FTC monopoly case

By Mike Scarcella (Reuters) - E-commerce platform eBay Inc on Monday asked a U.S. judge to block a bid by Meta Platforms Inc for testimony from an eBay corporate official as the social media giant seeks rivals' information to counter…