DIRS.INFO The most relevant business & tech news

March 26 (Reuters) - Some parts of Twitter Inc's source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, "various excerpts" of Twitter's source code, which is used to run the company online, were posted on Github, a Microsoft-owned platform for sharing code for software development, by a user named 'FreeSpeechEnthusiast'. Github said it took down the code on Friday at Twitter's request. It also did not comment on how long Twitter's source code had been publicly available. Twitter also did not immediately respond to a request for comment.

SYDNEY, March 27 (Reuters) - Australia's lower house on Monday passed an emissions reduction plan with curbs on some new gas and coal investments and a cap on total greenhouse gas emissions from the country's biggest polluters after a key deal with the Greens Party. The updated legislation also requires all new gas projects in the Beetaloo Basin to have net zero carbon emissions and new gas fields supplying existing liquefied natural gas (LNG) plants to have net zero reservoir emissions, imposing new costs. "Today, we are a step closer to achieving net zero by 2050," Energy Minister Chris Bowen said. Under the revised legislation, projects such as the massive Browse field that Woodside Energy (WDS.AX) wants to develop would have to have carbon capture and storage to achieve net zero. The government said it would tip in A$400 million ($266 million) to help the cement, steel and aluminium industries decarbonise.

In court papers, Sanderson said he suffered "permanent traumatic brain injury" as a result of the collision. Paltrow said that is when they both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs. Gwyneth Paltrow testifies during her ski crash trial, in Park City, Utah, U.S., March 24, 2023. Paltrow, who said she was upset and cursed at Sanderson after the collision, said she did not ski off until after Sanderson told Christiansen that he was fine. "I did not cause the accident, so I cannot be at fault for anything that subsequently happened to him," Paltrow said.

☆ Why there may be no return to 'normal' for the U.S. used vehicle market
▼ + stars: | 2023-03-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

All new vehicles become used cars and trucks once they're sold. It's an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the U.S. used vehicle market, which has been a barometer for the country's inflation levels. The lack of production meant fewer new vehicles would become used models for consumers to purchase, leading to inventory constraints in both the new and used vehicle markets, as well as record prices due to resilient demand. It's been three years since those initial plant closures, but American consumers — as well as the Biden administration — hoping for the used vehicle market to return to "normal" pre-pandemic levels shouldn't hold their breath. A notable decline in used vehicle prices toward the end of last year has been roughly cut in half in 2023, as inventories remain significantly down following vehicle-production disruptions.

NEW YORK, March 24 (Reuters) - A U.S. judge on Friday ordered former Goldman Sachs Group Inc (GS.N) banker Roger Ng to forfeit $35.1 million, after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. Jho Low, a Malaysian financier and suspected mastermind of the scheme, was also indicted but remains at large. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Former Malaysian Prime Minister Najib Razak is serving a 12-year prison sentence after being convicted in a Malaysian court of receiving $10 million from a former 1MDB unit. Reporting by Luc Cohen and Jonathan Stempel in New York; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Companies Deutsche Bank AG FollowNEW YORK, March 24 (Reuters) - Deutsche Bank AG (DBKGn.DE) has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm. Incorporated in the British Virgin Islands, the Kingate funds funneled client money to Madoff for many years before his Ponzi scheme collapsed in 2008. The funds sold their claims against the former Bernard L. Madoff Investment Securities LLC to Deutsche Bank for 66 cents on the dollar in 2011. But the bank said the Kingate funds later got "sellers' remorse" because the value of the claims rose substantially. The case is Deutsche Bank Securities Inc v. Kingate Global Fund Ltd et al, U.S. District Court, Southern District of New York, No.

Companies Google Inc FollowAlphabet Inc FollowMarch 24 (Reuters) - A federal judge on Friday set a fast-paced schedule in the U.S. Justice Department's antitrust lawsuit challenging Google LLC's digital advertising technology practices, moving the case along more quickly than either side had proposed. A Justice Department spokesperson and a representative from Google had no comment on Friday. The Justice Department and eight states filed the case in January, seeking to force Google to sell its ad manager suite, claiming that the company unlawfully curbed competition over advertising technology. The case is one of two Justice Department antitrust actions against Google. U.S. District Judge Leonie Brinkema, assigned to the digital advertising case, will preside at the January pretrial conference.

The trial will be the first test of how Zantac cancer claims will fare before a jury. GSK said in a statement it disagreed with the ruling and would defend the case at trial. Originally marketed by a forerunner of GSK, it was later sold successively to Pfizer (PFE.N), Boehringer Ingelheim and finally Sanofi (SASY.PA). While NDMA is found in low levels in food and water, it is known to cause cancer in larger amounts. Analysts said it was not surprising that Grillo ruled differently from the federal court because California's courts are known to be friendlier to plaintiffs.

March 23 (Reuters) - A federal appeals court in New Orleans on Thursday upheld a judge's ruling blocking enforcement of President Joe Biden's 2021 executive order requiring all federal employees take a COVID-19 vaccine. The U.S. Court of Appeals for the Fifth Circuit said that, contrary to arguments by the Biden administration, the judge had jurisdiction to issue a nationwide mandate against the requirement. read moreA three-member panel of the Fifth Circuit overturned that ruling in April last year. read moreBiden issued his executive order in September 2021, saying that some 3.5 million federal employees or contractors who failed to get the vaccine faced discipline or firing. Reporting by Dan Whitcomb; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Marco BelloMarch 23 (Reuters) - An attorney for former U.S. President Donald Trump voluntarily testified before a Washington, D.C., federal grand jury in December 2022 on efforts to find any remaining classified documents at Trump's properties, the lawyer said on Thursday. Attorney Tim Parlatore testified as part of a federal criminal investigation into classified documents retained at Trump's Mar-a-Lago resort. He also alleged he witnessed prosecutorial misconduct as he appeared before the grand jury. A spokesperson for special counsel Jack Smith, who is overseeing the classified documents investigation, did not immediately return a request for comment. FBI agents seized thousands of government records, some marked as highly classified, from Trump's Mar-a-Lago resort during a court-approved search on Aug. 8.

[1/3] Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, U.S., December 16, 2021. REUTERS/Peter DaSilva/File PhotoNEW YORK, March 23 (Reuters) - A key prosecution witness whose testimony helped convict Theranos founder Elizabeth Holmes of fraud sued Walt Disney Co (DIS.N) on Thursday over a recent Hulu miniseries that he says defamed him by portraying him as corrupt. Rosendorff said the character, Mark Roessler, covered up Theranos' fraud by ordering the destruction of damaging lab results, falsifying records and engaging in other dishonest and unethical conduct. "At the time of the trial, (Rosendorff) was considered a heroic whistle-blower, a witness who was instrumental in the jury’s verdict convicting Holmes," the filing said. The case is Rosendorff v Hulu LLC et al, New York State Supreme Court, New York County, No.

BRUSSELS, March 23 (Reuters) - European Union leaders agreed on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the bloc can compete with the United States and China as an industrial leader in green and digital technologies. Dutch Prime Minister Mark Rutte said it was vital to cut red tape and make the most of the single market. EU leaders, meeting in Brussels from Thursday for a two-day summit, said the single market was essential to future economic growth, while highlighting areas for improvement. "The European Council calls for ambitious action to complete the single market, in particular for digital and services," the summit conclusions said. The conclusions also called for progress in areas to improve the long-term competitiveness of the European Union.

French cloud computing services provider and complainant OVHcloud (OVH.PA) is also waiting for a more concrete proposal from Microsoft, a person with direct knowledge of the matter said. Resolving the complaints with the companies could help Microsoft stave off a possible EU antitrust investigation that could lead to a fine as much as 10% of its global turnover. The complaints by OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud service providers focused on Microsoft's cloud practices and licensing deals. "We are grateful for the productive conversations that led us there and appreciate the feedback that we have received since," a Microsoft spokesperson said. Cispe's members include cloud computing market leader Amazon.com Inc (AMZN.O).

March 23 (Reuters) - Large companies, including asset manager Franklin Templeton (BEN.N) and web-services provider Akamai Technologies Inc (AKAM.O), joined an effort on Thursday to defend sustainable investment practices from a backlash by U.S. Republican politicians. Republicans, often from energy-producing states, have sought to block the growing use of environmental, social and governance (ESG) considerations by shareholders and corporate executives. BlackRock Inc (BLK.N) for instance on Thursday said it would continue to press companies for information about climate risks. Mindy Lubber, CEO of sustainability nonprofit Ceres, which organized Thursday's statement, told a call with reporters that companies showed "some hesitancy" to speak up. But Anne Simpson, head of sustainability for Franklin Templeton, part of California-based Franklin Resources Inc (BEN.N), said on the same call that ESG efforts are "fiduciary duty at work".

March 23 (Reuters) - The U.S. Consumer Financial Protection Bureau's funding structure is constitutional, a Manhattan appeals court ruled on Thursday, as the U.S. Supreme Court prepares to consider the issue next term. Circuit Court of Appeals finding the CFPB's funding unconstitutional. Circuit Court Judge Richard Sullivan said the constitution only requires that expenditures be authorized by an act of Congress. U.S. Supreme Court decisions and historical principles of congressional spending support that conclusion, he wrote. Circuit Court of Appeals, No.

NEW YORK, March 23 (Reuters) - New York City prosecutors on Thursday said Donald Trump created a false expectation of his arrest and led fellow Republicans in Congress to interfere with a probe of his hush-money payment to porn star Stormy Daniels. On Saturday, the former president forecast he would be arrested on Tuesday in the probe by the Manhattan District Attorney's office. The letter said the chairmen's accusations "only came after Donald Trump created a false expectation that he would be arrested the next day and his lawyers reportedly urged you to intervene." It confirmed that Bragg's office was "investigating allegations that Donald Trump engaged in violations of New York State penal law." A former fixer for Trump said he made the payment to Daniels days before the 2016 presidential election at Trump's direction.

"There are no material changes in our approach to these themes, and our engagement with companies will continue the dialogue on material risks and opportunities relevant to their business models and sectors that we had in 2022," it said. It said that environmental issues it would consider include "water use, land use, waste management and climate risk." The statements were in line with recent comments by BlackRock Chief Executive Laurence Fink in his recent annual letter. Fink said BlackRock has been vocal in seeking company disclosures about their plans to navigate the energy transition, but that "it’s not our place to be telling companies what to do." Reporting by Simon Jessop in London and by Ross Kerber in BostonOur Standards: The Thomson Reuters Trust Principles.

BRUSSELS, March 23 (Reuters) - European Union leaders are expected on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the bloc can compete with the United States and China as an industrial leader in green and digital technologies. "This failure to complete the single market needs to be addressed," one EU diplomat said on condition of anonymity. EU leaders, meeting in Brussels from Thursday for a two-day summit, are expected to say the single market is essential to future economic growth, while highlighting areas for improvement. "The European Council calls for ambitious action to complete the single market, in particular for digital and services," draft conclusions of the summit say. The draft conclusions also call for progress in areas to improve competitiveness of the European Union beyond 2030.

WASHINGTON, March 23 (Reuters) - The Manhattan district attorney's office on Thursday accused House of Representatives Republicans of interfering in its probe of former President Donald Trump, according to a letter obtained by Reuters. Reporting by Karen Freifeld; Writing by Doina Chiacu; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.

[1/2] Former U.S. President Donald Trump attends the Conservative Political Action Conference (CPAC) at Gaylord National Convention Center in National Harbor, Maryland, U.S., March 4, 2023. REUTERS/Evelyn HocksteinNEW YORK, March 23 (Reuters) - A U.S. judge said Donald Trump will get an anonymous jury in rape accuser E. Jean Carroll's upcoming defamation trial, citing the risk of juror harassment and noting Trump's reaction to possibly being indicted in an unrelated case. Carroll has said Trump raped her in late 1995 or early 1996 in a Bergdorf Goodman department store dressing room in Manhattan. Carroll is separately suing Trump for defamation over his June 2019 denial that the rape occurred. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

NEW YORK, March 23 (Reuters) - A U.S. judge on Thursday denied Archegos Capital Management LP founder Bill Hwang's effort to dismiss an indictment accusing him of fraud in the collapse of his once-$36 billion firm. U.S. District Judge Alvin Hellerstein in Manhattan rejected arguments that the 11-count indictment should be tossed because prosecutors deceived Hwang into cooperating with their probe and because Hwang's trading activity had been lawful. Authorities said Hwang concealed the size and riskiness of his bets by spreading his borrowing among several banks. When the prices of some stocks fell, Hwang was unable to meet margin calls, leading banks to dump stocks backing his swaps, and causing losses for Archegos and others. The case is U.S. v. Hwang et al, U.S. District Court, Southern District of New York, No.

March 22 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. Last month, Kraken agreed to shut down its U.S. cryptocurrency staking service and pay $30 million in penalties to settle SEC charges that it failed to register the program. Earlier in the day, the SEC charged Chinese cryptocurrency entrepreneur Justin Sun with fraud, and accused eight celebrities including actress Lindsay Lohan with illegally promoting his crypto assets. A Wells notice does not always result in charges or signal that the recipient has violated any law.

March 22 (Reuters) - Coinbase Global Inc (COIN.O) said on Wednesday it had received a notice from the U.S. Securities and Exchange Commission warning that the cryptocurrency exchange could face a civil action over some of its products. Shares of Coinbase were down nearly 12% at $68.18 in extended trading. A Wells notice shows that SEC staff intend to recommend enforcement action against the company, but it does not always result in charges or signal that the recipient has violated any law. The potential enforcement actions would be tied to aspects of the company's spot market, its Coinbase Earn, Coinbase Prime and Coinbase Wallet products, it said. Coinbase also said its services continued to operate as usual after the notice was issued.

A Manhattan grand jury did not meet as had been expected on Wednesday, a law enforcement source said, although it was unclear why that was or how much longer the grand jury would take to conclude its work. The Insider news outlet first reported the news that the grand jury would not convene on Wednesday. A spokesperson for Manhattan District Attorney Alvin Bragg's office declined to comment on the grand jury. Security officials are bracing for possible unrest, but so far few of Trump's supporters have heeded his call for protests. Several media outlets reported that his lawyer, Evan Corcoran, would testify on Friday before a federal grand jury in Washington investigating whether Trump mishandled sensitive federal documents.

But members of the grand jury were told to stay home on Wednesday, said the source, who spoke on condition of anonymity to discuss secret grand jury proceedings. Manhattan District Attorney Alvin Bragg's office has been investigating $130,000 paid to porn star Stormy Daniels in the final weeks of Trump's 2016 election campaign. Security was high around the courthouse where the grand jury has been meeting, with court officers out early and barricades up around the building. On Monday, the grand jury heard from a witness, lawyer Robert Costello, who said that Cohen acted on his own. Cohen has publicly said that Trump directed him to make the payments and has appeared twice before the grand jury.

Search resuls for: "Industry Insight"

25 mentions found