told-lawmakers

U.S. banks tell trading clients to brace for UK vote

U.S. banks including Bank of America Corp and Morgan Stanley are warning clients about the potential for extreme price moves as Britain prepares to vote on its membership of …

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U.S. banks tell trading clients to brace for UK vote

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading – amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent …

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

told-lawmakers

Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen

The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. …

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Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen

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Apple refused China request for source code in last two years: lawyer

Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security. The congressional testimony highlighted an issue at the heart of a heated disagreement between Apple and the FBI over unlocking encrypted data from an iPhone linked to last December's San Bernardino, California shootings – how much private technology companies should cooperate with governments. Law …

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Apple refused China request for source code in last two years: lawyer

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Burberry faces U.S. lawsuit accusing it of deceptive price tags

LONDON (Reuters) – British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, is accused of intentionally presenting false price information on products that have never been sold in its retail stores to mislead

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Burberry faces U.S. lawsuit accusing it of deceptive price tags

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AIG strikes deal with Icahn, avoids proxy fight

The agreement with Icahn comes just two days ahead of AIG's deadline for shareholders to submit board candidates. Sandler O'Neill & Partners LP analyst Paul Newsome said the deal does not signal the end of the tussle between AIG's management and Icahn. AIG said it agreed to nominate Paulson, a billionaire investor and president of Paulson & Co, and Samuel Merksamer

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AIG strikes deal with Icahn, avoids proxy fight

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Yellen’s dilemma: a downturn with no easy response

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to “normal” policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. Fed chair …

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Yellen’s dilemma: a downturn with no easy response