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U.S. manufacturing output accelerates in May on autos
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Andrew KellyManufacturing output accelerated 0.9% last month after dipping 0.1% in April, the Federal Reserve said on Tuesday. Economists polled by Reuters had forecast manufacturing output increasing 0.6% in May. Motor vehicle assemblies jumped about 1 million units to an annualized rate of 9.9 million units last month, but remained more than 1 million units below their average level in the second half of 2020. Excluding autos, manufacturing output rose 0.5% last month. The rebound in manufacturing output combined with a 1.2% increase in mining and a 0.2% gain in utilities to boost industrial production by 0.8% last month.
Persons: Andrew Kelly, ” Volkswagen Organizations: WASHINGTON, REUTERS, Federal Reserve, Reuters, Manufacturing, Hyundai Motor, U.S Locations: IceStone, New York City , New York, U.S, Montgomery, Alabama
Harvey Weinstein can be extradited to California, NY judge rules
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
Film producer Harvey Weinstein arrives at New York Criminal Court ahead of the fifth day of jury deliberations for his sexual assault trial in the Manhattan borough of New York City, New York, U.S., February 24, 2020. REUTERS/Andrew Kelly/File PhotoNEW YORK, June 15 (Reuters) - The convicted former movie producer Harvey Weinstein can be extradited to California from New York to face rape and sexual assault charges, a New York judge ruled on Tuesday. Erie County Court Judge Kenneth Case rejected arguments by Weinstein's lawyer that the paperwork to move Weinstein was not in order, and that Weinstein should stay in New York to get appropriate medical care. Reporting by Jonathan Stempel in New YorkOur Standards: The Thomson Reuters Trust Principles.
Persons: Harvey Weinstein, Andrew Kelly, Kenneth Case, Weinstein's, Weinstein, Jonathan Stempel Organizations: New York Criminal, REUTERS, Thomson Locations: Manhattan, New York City , New York, U.S, California, New York, Erie County
Two Republican U.S. senators introduce antitrust bill
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew KellyRepublican Senators Mike Lee and Chuck Grassley introduced a bill on Tuesday that would move all antitrust enforcement to the Justice Department, stripping the Federal Trade Commission and Federal Communications Commission of antitrust authority, Lee's office said on Monday. The Justice Department's Antitrust Division and the FTC currently divide up the work of antitrust enforcement, with the FCC weighing in on telecommunications deals. The bill would increase the budget of the Justice Department's Antitrust Division to $600 million. That is sharply higher than the Biden administration proposal for the next fiscal year that would give the FTC $389.8 million and the Antitrust Division $201 million.
Persons: Andrew Kelly, Mike Lee, Chuck Grassley, Kamala Harris, Grassley, Lee, Biden Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Justice Department, Federal Communications Commission, Department's Antitrust, FTC, Democratic, House, Representatives, Republican, Committee, Big Tech, Justice Department's Antitrust, Antitrust, Thomson Locations: Washington ,, U.S
U.S. FDA declines to approve Avenue's IV formulation of non-opioid painkiller
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Andrew Kelly/File Photo(Reuters) -Avenue Therapeutics Inc said on Monday the U.S. Food and Drug Administration (FDA) declined to approve its intravenous formulation of non-opioid painkiller tramadol for a second time, sending its shares tumbling about 38%. The FDA has been pushing drugmakers to develop alternatives to opioid-based painkillers, as the United States grapples with the menace of opioid addiction. The health regulator in October declined to approve the intravenous formulation of the painkiller, stating it was not safe for the intended population. H.C. Wainwright analyst Joseph Pantginis, however, says that IV tramadol could still have a path forward. Tramadol was approved in the United States in 1995 as a non-controlled analgesic, under the trade name of Ultram, to be sold by drugmaker Johnson & Johnson.
Persons: Andrew Kelly, tramadol, Wainwright, Joseph Pantginis, Tramadol, drugmaker Johnson, Johnson Organizations: Food and Drug Administration, FDA, REUTERS, Therapeutics Inc, U.S . Food, Drug Administration Locations: White Oak , Maryland, U.S, United States
U.S. FDA declines to approve Avenue's IV formulation of painkiller
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. The health regulator in October declined to approve the intravenous formulation of the painkiller, stating it was not safe for the intended population. The agency said on Monday the delayed and unpredictable onset of analgesia - relief from pain - with intravenous (IV) tramadol did not support its benefit as a monotherapy to treat patients with acute pain. H.C. Wainwright analyst Joseph Pantginis, however, says that IV tramadol could still have a path forward. Tramadol was approved in the United States in 1995 as a non-controlled analgesic, under the trade name of Ultram, to be sold by drugmaker Johnson & Johnson.
Persons: Andrew Kelly, tramadol, Wainwright, Joseph Pantginis, Tramadol, drugmaker Johnson, Johnson Organizations: Food and Drug Administration, FDA, REUTERS, Therapeutics Inc, U.S . Food, Drug Administration Locations: White Oak , Maryland, U.S, United States
WASHINGTON (Reuters) - The U.S. Congress will probe “rogue” actions by the Justice Department during former President Donald Trump’s term, including its move to seize the communications records of Democratic lawmakers, House Speaker Nancy Pelosi said on Sunday. “The Justice Department has been rogue under President Trump, understand that, in so many respects. The New York Times on Thursday reported that the Trump-era Justice Department subpoenaed Apple Inc for data on Schiff and Swalwell. Senator Susan Collins, one of that chamber’s most moderate Republicans, said on Sunday that she supported the Justice Department’s internal probe. “Has the Justice Department abused its power by going after members of Congress or the press for partisan political purposes?” she asked in an interview on CBS.
Persons: Donald Trump’s, Nancy Pelosi, Andrew Kelly, Adam Schiff, Eric Swalwell, William Barr, Jeff Sessions, Trump, ” Pelosi, CNN’s, , Joe Biden, “ Trump, “ I’ve, ” Biden, Pelosi, Michael Horowitz, Barr, Pelosi sidestepped, Schiff, Susan Collins, Merrick Garland, Garland Organizations: WASHINGTON, U.S, Congress, Justice Department, Democratic, United States Department of Justice, Washington , D.C, REUTERS, Department, Union, White, Seven, Trump DOJ, Sessions, New York Times, Trump -, Apple Inc, Senate Democrats, Justice, CBS, CNN, Washington Post Locations: Washington ,, CNN’s “ State, Britain, U.S, Swalwell
Congress to probe 'rogue' actions of Trump's Justice Dept
  + stars: | 2021-06-13 | by ( Susan Cornwell | ) www.reuters.com + 0.00   time to read: +5 min
WASHINGTON (Reuters) -The top two Democrats in the U.S. Congress on Sunday vowed to probe the “rogue” actions of the Justice Department during former President Donald Trump’s term, including its move to seize the communications records of Democratic lawmakers. The Justice Department under former attorneys general William Barr and Jeff Sessions was regularly accused of putting Trump’s personal and political interests ahead of the law. “The Justice Department has been rogue under President Trump, understand that, in so many respects. The New York Times on Thursday reported that the Trump-era Justice Department subpoenaed Apple Inc for data on Schiff and Swalwell. Senator Susan Collins, one of that chamber’s most moderate Republicans, said on Sunday that she supported the Justice Department’s internal probe.
Persons: Donald Trump’s, Andrew Kelly, Adam Schiff, Eric Swalwell, William Barr, Jeff Sessions, Trump, Nancy Pelosi, CNN’s, , Chuck Schumer, Barr, ” Schumer, , Joe Biden, “ Trump, “ I’ve, ” Biden, Pelosi, Michael Horowitz, Pelosi sidestepped, Schiff, Apple, Donald McGahn, McGahn, Robert Mueller’s, ” Schiff, Susan Collins, Merrick Garland, Garland Organizations: WASHINGTON, U.S, Congress, Justice Department, Democratic, United States Department of Justice, Washington , D.C, REUTERS, Department, Union, Senate, Sessions, White, Seven, Trump DOJ, New York Times, Trump -, Apple Inc, Times, Reuters, White House, MSNBC, Justice, CBS, CNN, Washington Post Locations: Washington ,, CNN’s “ State, New York, Britain, U.S
REUTERS/Andrew Kelly/File PhotoThe U.S. Congress will probe “rogue” actions by the Justice Department during former President Donald Trump’s term, including its move to seize the communications records of Democratic lawmakers, House Speaker Nancy Pelosi said on Sunday. "The Justice Department has been rogue under President Trump, understand that, in so many respects. The New York Times on Thursday reported that the Trump-era Justice Department subpoenaed Apple Inc (AAPL.O) for data on Schiff and Swalwell. Senator Susan Collins, one of that chamber's most moderate Republicans, said on Sunday that she supported the Justice Department's internal probe. "Has the Justice Department abused its power by going after members of Congress or the press for partisan political purposes?"
Persons: Andrew Kelly, Donald Trump’s, Nancy Pelosi, Adam Schiff, Eric Swalwell, William Barr, Jeff Sessions, Trump, Pelosi, CNN's, Joe Biden, I've, Donald Trump's, Biden, Michael Horowitz, Barr, Pelosi sidestepped, Schiff, Susan Collins, Merrick Garland, Garland Organizations: United States Department of Justice, Washington , D.C, REUTERS, Congress, Justice Department, Democratic, Department, White, Seven, Trump DOJ, Sessions, New York Times, Trump -, Apple Inc, Senate Democrats, Justice, CBS, CNN, Washington Post, Thomson Locations: Washington ,, Britain, U.S, Swalwell
U.S. May budget deficit shrinks as revenues rise sharply, Treasury says
  + stars: | 2021-06-10 | by ( David Lawder | ) www.reuters.com sentiment -0.61   time to read: +1 min
FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew KellyWASHINGTON (Reuters) - The U.S. government posted a May deficit of $132 billion, about a third of the May 2020 deficit of $399 billion, as higher employment and an earlier tax deadline this year boosted receipts sharply, even as COVID-19 pandemic-related outlays grew, the U.S. Treasury said on Thursday. The Treasury also said taxes withheld from wages increased by 20% to $204 billion during May compared to a year ago, while May corporate taxes rose to $18 billion from $2 billion last year. This spending also helped push the fiscal year-to-date deficit to a record $2.064 trillion from $1.88 trillion for the first eight months of the prior fiscal year, Treasury officials said. Year-to-date receipts rose 29% from a year earlier to $2.607 trillion, while outlays grew 20% to $4.671 trillion.
Persons: Andrew Kelly WASHINGTON, Outlays, Joe Biden’s, outlays Organizations: United States Department of, Washington , D.C, REUTERS, U.S, U.S . Treasury, Internal, Treasury Locations: Washington ,
U.S. government workers can return to offices without vaccine
  + stars: | 2021-06-10 | by ( Daniel Wiessner | ) www.reuters.com + 0.00   time to read: +3 min
Workers may voluntarily disclose this information and federal agencies can base their safety protocols, in part, on whether employees are vaccinated, the guidance said. The guidance comes as many U.S. government employees who have been working remotely during the pandemic prepare to return to their offices. It comes on the same day the U.S. Department of Labor issued an emergency rule for protecting workers in healthcare settings. Nearly 60% of federal employees worked remotely during the pandemic, up from about 3% previously, according to Thursday's memo. About 30% of federal workers are represented by unions.
Persons: Andrew Kelly, Biden, Jason Miller, Miller Organizations: American Federation of Government Employees, Washington , D.C, REUTERS, COVID, Workers, Reuters, U.S . Department of Labor, Management, Budget, Personnel Management, General Services Administration, OMB, Thomson Locations: Washington ,, United States
(Reuters) - A shareholder proposal for Thomson Reuters Corp to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company’s annual meeting on Wednesday. FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. The shareholder proposal came from a British Columbia labor union and focused on Thomson Reuters work with government agencies including ICE. Wednesday’s resolution called for the company’s board to produce a “human rights risk report” describing potential issues it faces and comparing risk-control procedures against those of other technology companies. Asked about the vote result, Thomson Reuters’ Moran said that “As we review best practices for identifying and mitigating human rights risks, we always welcome feedback from our shareholders and will continue in our dialogue with our investors as part of our shared commitment to human rights.”
Persons: Andrew Kelly Thomson, Dave Moran, Moran, Thomson, David Thomson, Trump, Stephanie Smith, “ Thomson, Steve Hasker, , , Thomson Reuters ’ Moran Organizations: Reuters, Thomson Reuters Corp, Thomson Reuters, REUTERS, Andrew Kelly Thomson Reuters, U.S . Immigration, Customs Enforcement, ICE, Woodbridge Co, “ Thomson Reuters Locations: Square , New York, U.S, British Columbia
The United States Chamber of Commerce building is seen in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew KellyThe U.S. Chamber of Commerce on Wednesday urged the United States and European Union to quickly resolve their disputes over steel and aluminum tariffs and aircraft subsidies, and adopt a new privacy shield to better coordinate digital policy. Doing so, it said, could help advance economic recovery "by eliminating existing barriers to transatlantic commerce, preventing new barriers, and establishing joint approaches on foundational and emerging technologies." EU trade chief Valdis Dombrovskis told reporters on Wednesday that Brussels hoped the visit would help bring a rapid end to trade disputes and foster better ties. The goal, it said, should be to strengthen bilateral relations, boost competitiveness and innovation, and meaningfully address shared concerns with third countries.
Persons: Andrew Kelly The, Joe Biden, Trump, Valdis Dombrovskis Organizations: United States Chamber of, Washington , D.C, REUTERS, Andrew Kelly The U.S . Chamber, Commerce, Wednesday, European Union, Reuters, EU, Airbus, Boeing Co, Thomson Locations: Washington ,, United States, U.S, Russia, China, EU, Brussels
Lloyd-Webber vows to re-open London theatres, even if it means arrest
  + stars: | 2021-06-09 | by ( ) www.reuters.com sentiment -0.97   time to read: +2 min
Composer Andrew Lloyd Webber arrives for the world premiere of the movie "Cats" in Manhattan, New York, U.S., December 16, 2019. REUTERS/Andrew Kelly/File PhotoBritish theatre entrepreneur Andrew Lloyd-Webber has vowed to reopen his shows in London without social distancing restrictions later this month, even if he is arrested for it. "We are going to open, come hell or high water," Lloyd-Webber said in an interview with The Telegraph published on Wednesday. Britain has raced ahead of many other countries by giving a first COVID-19 shot to more than three-quarter of adults. Asked by the Telegraph what he would do if the government postpones the June 21 re-opening, Lloyd-Webber said: "We will say: 'Come to the theatre and arrest us'."
Persons: Andrew Lloyd Webber, Andrew Kelly, Andrew Lloyd, Webber, Lloyd, Boris Johnson, Robert Jenrick Organizations: REUTERS, Telegraph, Sky News, Thomson Locations: Manhattan , New York, U.S, London, England, Britain, India
The contracts grant SPAC sponsors and outside investors the right to buy common stock in the new entity created by the merger at a pre-agreed price, an attractive offer if the stock price rises. But the SEC has taken issue with them in part because they often give some investors such as SPAC sponsors a better deal than public investors, the sources said. ALTERNATIVE CONTRACTSSponsors looking to launch a SPAC IPO may have more options, said the Wall Street accountants and lawyers. Rights agreements, equity contracts that also give investors the right to buy shares at a set price and date, are one alternative being considered, said Weiner and others. Industry executives hope finding new terms or something to replace warrants will provide a jolt to the flagging SPAC market.
Persons: Andrew Kelly, David Brown, Bird, Jeffrey Weiner, Marcum, Angela Veal, EisnerAmper, Weiner, Chamath Palihapitiya, Marcum's Weiner Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Andrew Kelly Wall Street, Reuters, Securities and Exchange Commission, SEC, Alston, Bird LLP, Retail, Marcum LLP, EisnerAmper LLP, Street, Thomson Locations: Washington ,, U.S, SPACInsider, Dealogic, United States
Wall Street body proposes new rules on short positions, stock loans
  + stars: | 2021-06-07 | by ( Katanga Johnson | ) www.reuters.com sentiment -0.98   time to read: +2 min
FILE PHOTO: Signage is seen outside of the Financial Industry Regulatory Authority (FINRA) offices in Manhattan, New York City, U.S., September 11, 2020. REUTERS/Andrew KellyWASHINGTON (Reuters) - The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory body, has proposed changes to its short-interest reporting requirements in a bid to make information more useful. The proposed changes to Rule 4560 would increase the frequency of short-interest reports from twice a month to weekly or even daily. The change would require clearing firms to report synthetic short exposure - bets made against shares via derivatives - in firm and customer accounts. “These potential changes could improve the usefulness of short sale-related information to FINRA, other regulators, investors and other market participants,” FINRA said.
Persons: Andrew Kelly WASHINGTON, ” FINRA, FINRA Organizations: Financial Industry Regulatory Authority, REUTERS, Industry Regulatory Authority, GameStop AMC Entertainment Holdings Inc, U.S . Securities, Exchange Commission, SEC Locations: Manhattan , New York City, U.S
In shift, top U.S. fund group backs sustainability disclosure rules
  + stars: | 2021-06-07 | by ( Katanga Johnson | Ross Kerber | ) www.reuters.com sentiment -0.96   time to read: +2 min
The comments marked a shift for the influential trade group after Pan in May urged regulators to adopt only voluntary climate disclosure rules. In a letter to the SEC published by ICI on Monday, Pan said the requirements would give fund managers consistent, comparable and reliable data. Pan said that some disclosures should be mandatory, but the trade group hopes the SEC will be flexible about making changes if needed over time. More companies have done here so after last year's Black Lives Matter protests put a new focus on social equity issues. In response to investor interest, the SEC plans to require disclosure of detailed climate change information and a range of workforce data, its chair Gary Gensler has said.
Persons: Andrew Kelly WASHINGTON, Eric Pan, Pan, Gary Gensler Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Monday, Investment Company Institute, Securities and Exchange Commission, SEC, Pan, ICI, Locations: Washington ,, BOSTON
Apple developers look for App Store changes at annual conference
  + stars: | 2021-06-07 | by ( Stephen Nellis | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Apple Inc Chief Executive Tim Cook and his team address one of their most important audiences on Monday, kicking off an annual conference for app developers at a time the iPhone maker is defending itself in court over its App Store practices. REUTERS/Andrew Kelly//File PhotoThe Apple Worldwide Developers Conference, being held online for the second year because of the pandemic, typically attracts thousands of app developers, many of whom are hoping the company will be listening to their concerns. Apple did not immediately return a Reuters request for comment on the sentiments about its App Store policies. Apple has said its App Store practices grow the market for mobile software by creating an environment for paid apps that consumers trust. Not all developers have negative sentiments, said Ben Bajarin, chief executive at Creative Strategies who has been surveying Apple developers and found more than 90% have no plans to stop making apps for Apple devices.
Persons: Tim Cook, Andrew Kelly, Marco Arment, ” Arment, “ Fortnite, Apple, , , Ben Bajarin, Bajarin Organizations: Reuters, Apple Inc, Apple, REUTERS, Apple Worldwide Developers Conference, gaslight, ” Apple, Creative Locations: Manhattan , New York City, U.S, billings
The Manhattan DA's office convened a "special grand jury" in its Trump investigation last month. Jurors will decide whether to criminally charge Trump, the Trump Organization, or its executives. What does a special grand jury do? It's not clear whether Vance will seek to charge Trump, Trump Organization executives, the company — or not bring charges at all. "If you kill the Trump Organization, basically you kill the Trump family's means and a rather extravagant high-profile and lavish lifestyle."
Persons: Trump, whisking, It'll, Donald Trump's, , Manhattan DA Cyrus Vance Jr, Donald Trump, Vance, MANDEL NGAN, Randy Zelin, Wilk Auslander, Andrew Kelly, what's, vociferously, Allen Weisselberg, Donald Trump Jr, TIMOTHY A, CLARY, Jennifer Weisselberg, Barry Weisselberg, Allen's, Allen, Cyrus R, Vance Jr, Rebecca Ricigliano, who's, It's, Michael Cohen, she's, Jeff McConney, Spencer Platt, He's, Ricigliano, he's, Moring, Zelin, DOMINICK REUTER, Sol Wachtler, Mark F, Pomerantz, Eliot Spitzer, Chris Hondros, isn't, Daniel R, Alonso, Cy Vance, Drew Angerer, Letitia James Organizations: Trump Organization, Manhattan District, Trump, Prosecutors, New, The Washington Post, Manhattan DA, Getty, Wilk, New York, Court, REUTERS, Manhattan, Jeenah, FTI Consulting, ABC News, Crowell, Former New York Supreme, New York Gov, Democrats Locations: Manhattan, United States, New York, AFP, Manhattan , New York City, U.S, Central Park, New York City, New Jersey, Mazers
The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File PhotoThe Department of Justice said on Saturday that it would no longer seek source information from reporters in leak investigations after recent revelations that former President Donald Trump's administration had secretly obtained phone and email records from a number of journalists. CNN and the Washington Post have said the Trump administration had secretly tried to obtain the phone records of some of their reporters over work they did in 2017. Last month, Biden said he would not allow his Justice Department to seize the phone or email records of reporters, saying any such move would be "simply wrong." read more"DOJ has now completed a review to determine all instances in which the Department had pending compulsory requests from reporters in leak investigations," Justice Department spokesman Anthony Coley said in a statement.
Persons: Andrew Kelly, Donald Trump's, Trump, Joe Biden, Biden, Anthony Coley, Coley Organizations: United States Department of Justice, Washington , D.C, REUTERS, Justice, CNN, Washington Post, The New York Times, Justice Department, New York Times, Department, DOJ, of Justice, Thomson Locations: Washington ,
U.S. SEC ousts head of accounting watchdog, puts rest of board on notice
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew KellyThe U.S. Securities and Exchange Commission on Friday said it has voted to remove the head of the accounting oversight board that sets standards for audits of public companies and left the rest of the members on notice. The SEC voted to remove William D. Duhnke III from his role as chairman of the Public Company Accounting Oversight Board, effective Friday, the agency said in a statement. The other four members will stay on, but the SEC is soliciting resumes for those roles. Our Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly The, William D, Duhnke III Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Andrew Kelly The U.S . Securities, SEC, Public Company, Democratic, Thomson Locations: Washington ,
US May payrolls rise indicates gradual economic recovery
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +6 min
REUTERS/Andrew KellyNonfarm payrolls increased by 559,000 last month, the Labor Department said on Friday. MARKET REACTION:STOCKS: S&P e-mini futures slightly extended gains and were up 0.39%, pointing to a higher open on Wall Street. “The number of jobs previously reported in March and April was revised up, that’s a good signal. Not excessively, but they continue to creep up and that’s a red flag for wage inflation down the road. People are gunning for a very fulsome recovery which isn’t quite in the works yet.
Persons: Andrew Kelly Nonfarm payrolls, MICHAEL ARONE, ” SIMON HARVEY, ” GENNADIY GOLDBERG, ” PETER CARDILLO, ” JJ KINAHAN, TD, STEVE RICK, gunning Organizations: YORK, REUTERS, Labor Department, Reuters, STATE, BOSTON, Fed, MONEX, TD AMERITRADE, Stock Locations: Manhattan , New York City , New York, U.S, MONEX EUROPE, CHICAGO, MADISON , WISCONSIN
Confusing U.S. labor signs augur uneven recovery
  + stars: | 2021-06-04 | by ( ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Andrew KellyThe U.S. labor market is flashing mixed signals. While the unemployment rate fell to 5.8% in May, the outlook for women and people of color is more challenging. It said this week that the pace of unemployment for women, Blacks and Hispanics indicate worse labor market conditions. That suggests millions have dropped out of the labor market, likely due to lack of childcare. Fed Chairman Jerome Powell’s push for a broad-based recovery means putting more emphasis on the troubling areas of the jobs market.
Persons: Andrew Kelly The, Jerome Powell’s, Federal Reserve Bank of San Francisco Organizations: REUTERS, Federal Reserve Bank of Dallas, San, Blacks, Labor Department, Reuters, Federal Reserve Bank of San Locations: IceStone, New York City, San Francisco, Dallas, U.S
SEC names new acting director of trading and markets unit
  + stars: | 2021-06-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew KellyWASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Thursday named David Saltiel as acting director of the agency’s trading and markets division, which regulates major market players including broker-dealers and stock exchanges. Saltiel, head of the unit’s analytics and research office, replaces Christian R. Sabella. Sabella left the SEC on June 2, the SEC said in a statement.
Persons: Andrew Kelly WASHINGTON, David Saltiel, Sabella Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC Locations: Washington ,
The U.S. Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism in the wake of the Colonial Pipeline hack and mounting damage caused by cyber criminals, a senior department official told Reuters. Internal guidance sent on Thursday to U.S. attorney's offices across the country said information about ransomware investigations in the field should be centrally coordinated with a recently created task force in Washington. The DOJ guidance specifically refers to Colonial as an example of the "growing threat that ransomware and digital extortion pose to the nation." The Justice Department's decision to push ransomware into this special process illustrates how the issue is being prioritized, U.S. officials said. REUTERS/Andrew Kelly/File Photo Read More"We've used this model around terrorism before but never with ransomware," said Carlin.
Persons: John Carlin, Andrew Kelly, ransomware, Carlin, Mark Califano Organizations: U.S . Department of Justice, Colonial Pipeline, Reuters, Justice Department, U.S ., DOJ, Washington , D.C, REUTERS, Thomson Locations: Washington, Russia, U.S . East, Colonial, Washington ,, U.S
U.S. official to firms: Don't game DOJ policy against multiple penalties
  + stars: | 2021-06-02 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
The flag and crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew KellyA Department of Justice official on Wednesday warned companies against seeking lower penalties for bribery and foreign corruption violations by abusing a government policy discouraging officials from pursuing multiple enforcement actions against a company for the same misconduct. The warning from a top leader at the Justice Department comes amid U.S. President Joe Biden's push for a broad-reaching anti-corruption agenda. Companies need to make "good faith" efforts to coordinate with Justice Department officials if they want credit for resolving other investigations, McQuaid said after highlighting the increased collaboration between the agency and foreign governments. "We cannot and will not restrict the scope of our enforcement actions in response to tactically front-loaded resolutions," he said.
Persons: Andrew Kelly A, Nicholas McQuaid, Joe Biden's, McQuaid Organizations: United States Department of Justice, Washington , D.C, REUTERS, Andrew Kelly A Department, Justice, Wednesday, Department, Thomson Locations: Washington ,
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