By Jonathan Stempel (Reuters) -A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District Judge John Chun in Seattle was with prejudice, meaning the proposed…
(Reuters) – Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the buy now, pay later pioneer made public its filing for a much-anticipated U.S. stock market listing. The company, which reshaped online shopping through its short-term financing model, drew investor attention as its valuation soared from $5.5 billion…
By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing lost its way and trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said in a Fox News broadcast on Friday. Duffy also said the Federal…
WASHINGTON (Reuters) – U.S. Vice President JD Vance said on Friday he expects a “high level” TikTok deal by the April 5 deadline. “There will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct American TikTok enterprise,” he told NBC News during an interview…
(Reuters) – Elon Musk’s Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump’s trade war could make it a target for retaliatory tariffs against the U.S. “As a U.S. manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts of certain proposed actions taken to address unfair…
(Reuters) – Apple is planning a new AirPods feature that would allow the device to live-translate conversations with people into another language, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The feature will be offered as a part of an AirPods software upgrade later this year, the report said, and will…
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency with 635,000 employees that lost $9.5 billion last year, has been exempt from…
(Reuters) -Softer U.S. labor market conditions against the backdrop of trade-policy uncertainty have prompted Barclays to raise its expectations to two rate cuts by the Federal Reserve for the year from one. The brokerage is expecting two quarter-point rate cuts in June and September, it said on Thursday. It had earlier projected one 25-basis point…
(Reuters) – U.S. investment firm Blackstone will purchase a 40% stake in Indian real estate developer Kolte-Patil Developers in a deal worth 11.67 billion rupees ($134 million), the latter said on Thursday. Kolte-Patil will allot a Blackstone entity 14.3% preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another…
(Reuters) – Spirit Airlines parent Spirit Aviation Holdings said on Wednesday that the low-cost carrier has successfully completed its financial restructuring. The company said it has exited chapter 11 by finalizing a debt restructuring transaction approved by a U.S. bankruptcy judge in February. The restructuring allows the budget airline to convert $795 million in debt…
