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U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November. "Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’s misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said. In denying the release appeal, Davila noted that Holmes was unlikely to flee or endanger the community. Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. On appeal, Holmes plans to challenge several of the judge's rulings, including his allowance of evidence about Theranos' test accuracy that postdated her statements to investors.

☆ Global PC shipments slide in first quarter, Apple takes biggest hit, IDC says
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory and a bleak economic outlook for the shipment declines of 29% and 33%, respectively. Of the top five PC makers analysed in the reports, Apple saw the largest drop with a fall of more than 40%. Both the research firms also predicted the market could start to recover later this year and gather momentum in 2024 if the economic outlook improves. "We expect significant market upside as consumers look to refresh, schools seek to replace worn-down Chromebooks, and businesses move to Windows 11," IDC said. Reporting by Bharat Govind Gautam and Tiyashi Datta in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

☆ Global PC shipments slide in Q1, Apple takes biggest hit - IDC
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year. Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc (DELL.N) coming in second with a drop of 31%. Lenovo Group Ltd (0992.HK), Asustek Computer Inc (2357.TW) and HP Inc (HPQ.N) also faced declines in shipments, the IDC said. In February, Apple reported that sales of its Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% YoY to $7.7 billion in their most recent quarter. Shipment volume in Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018," IDC said.

☆ U.S. says its forces killed Islamic State leader in Syria
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: 1 min

April 4 (Reuters) - The United States carried out a military operation that killed a senior Islamic State leader in Syria on Monday, the U.S. Central Command (CENTCOM) said in a statement early on Tuesday. Khalid 'Aydd Ahmad al-jabouri was responsible for planning ISIS attacks into Europe and developed the leadership structure for ISIS, the statement said. Last week, the Tass news agency said Russia had protested to the American-led coalition against the Islamic State militant group about "provocative actions" by U.S. armed forces in Syria. No civilians were killed or injured in this strike, CENTCOM said, and added that the group "continues to represent a threat to the region and beyond". Reporting by Akriti Sharma and Bharat Govind Gautam in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ KKR closes its largest ever European buyout fund at $8 billion
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

April 4 (Reuters) - KKR & Co Inc (KKR.N) on Tuesday said it had closed its sixth and largest European private equity fund at $8.0 billion, a significant boost for the investment firm at a time of market volatility and sinking interest in major acquisitions. The fund will target investments into developed economies in Western Europe, it said, adding that U.S. law firm Debevoise & Plimpton represented KKR as primary counsel for the fundraising. Of the money raised for the fund from investors, $1 billion was committed by KKR from its balance sheet and employee commitments. The firm said it is currently managing a little over $28 billion in assets on its European private equity platform. Reporting by Bharat Govind Gautam in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ China's demand comeback to help oil weather banking crisis: Reuters poll
▼ + stars: | 2023-03-31 | by ( Bharat Gautam | ) www.reuters.com time to read: +2 min

A survey of 45 economists and analysts forecast benchmark Brent crude would average $86.49 a barrel this year, down from February's estimate of $89.23. "The dip in oil prices is more of a blip at the moment, rather than a sustained move below $80 per barrel". Most analysts polled by Reuters expect oil prices to stay below $90 on fears of a recession in developed economies stemming from interest rate increases to bring down inflation. "Oil demand in China should pick up a bit further over the year. Reuters GraphicsAlong with China, prices will also hinge on potentially declining Russian oil production due to Western sanctions, with a combination of the two likely tightening global supplies, analysts said.

☆ LME finds 'irregularities' in several nickel bags at a warehouse
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

March 17 (Reuters) - The London Metal Exchange (LME) on Friday postponed the resumption of nickel trading during Asian hours by a week to March 27 after it found nickel that failed to meet contract specifications at an LME warehouse. The LME said it had cancelled nine nickel warrants - an ownership document for metals placed in an LME-approved warehouse - at one warehouse facility, without naming it. The LME said the non-conformant warrants represent 0.14% of live nickel stock in its warehouses. The 146-year-old LME said the issues with nickel related to bagged nickel briquettes, which were found to not have the correct weight. The exchange said it had no reason to believe that any other LME facility was affected, but still called on all warehouse operators to undertake inspections of warranted nickel.

☆ Marathon Galveston Bay refinery in Texas shut by cold
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +1 min

Companies Marathon Petroleum Corp FollowHOUSTON, Dec 23 (Reuters) - Marathon Petroleum Corp's (MPC.N) 593,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, shut down on Friday because of malfunctions caused by cold weather, said people familiar with plant operations. About half of the refinery shut as temperatures fell overnight. Units in the other half of the refinery were shut on Friday morning, the sources said. Marathon spokesperson Jamal Kheiry declined to discuss operations at the refinery. The Galveston Bay Refinery is the second largest in the United States.

☆ Oil tankers queue up off Turkey as price cap on Russian crude kicks in - FT
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

Dec 5 (Reuters) - Oil tankers formed a traffic jam off the coast of Turkey on day one of the West's price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday. Around 19 crude oil tankers were waiting to cross Turkish waters on Monday, the report said, citing ship brokers, oil traders and satellite tracking services. A $60 per barrel price cap imposed by the Group of Seven nations, Australia and the 27 European Union states on Russian seaborne crude oil took effect this week, the latest Western measure to punish Moscow over its invasion of Ukraine. The agreement allows Russian oil to be shipped to third-party countries using tankers from G7 and European Union member states, insurance companies and credit institutions only if the cargo is bought at or below the cap. Russia said on Monday that a Western price cap on its oil would destabilise global energy markets but would not affect its ability to sustain what it calls its "special military operation" in Ukraine.

☆ U.S. crypto broker Genesis says it is working to avoid bankruptcy filing
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing with restructuring lawyers to prevent insolvency. "Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing," a Genesis spokesperson said. Genesis has hired investment bank Moelis & Company "to evaluate the best possible asset preservation strategy and effectuate a roadmap," the firm said in the letter. The crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions earlier this month, citing the sudden failure of FTX, where its derivatives business has approximately $175 million in locked funds, the company had said. Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis' crypto lending arm, Digital Currency Chief Executive Barry Silbert told shareholders this month.

☆ Multiple people dead in Virginia Walmart shooting, including gunman
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 23 (Reuters) - A shooting at a Walmart in Chesapeake, Virginia on Tuesday night has resulted in multiple fatalities and injuries, and the shooter is dead, Chesapeake police public information officer Leo Kosinski said in a media briefing. At 10:12 pm, police responded to a report of a shooting inside a Walmart at Sam's Circle, Kosinski said, adding that "less than 10" people were dead, without disclosing the exact number. It's still unclear if the shooter died of self-inflicted injuries. "Chesapeake Police confirm an active shooter incident with fatalities at the Walmart on Sam's Circle. Reporting by Bharat Govind Gautam and Abinaya Vijayaraghavan in Bengaluru; editing by Miral Fahmy and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

The gunman, identified as Andre Bing, 31, of Chesapeake, Virginia, said nothing as he began firing on workers gathered late on Tuesday ahead of their overnight shift, according to two employees who were in the break room. Another Walmart employee, Briana Tyler, told ABC's "Good Morning America": "I looked up and my manager just opened the door and he just opened fire." [1/6] FBI agents stand in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. He told her that during the nightly meeting his manager was acting "strange" and "then started shooting," she told the news station. This was not the first mass shooting at a Walmart, which has thousands of stores across the country.

Nov 17 (Reuters) - Activision Blizzard (ATVI.O) said on Thursday it would suspend most Blizzard game services in mainland China once its current licensing agreements with NetEase (9999.HK) end in January. California-based Blizzard said new sales would be suspended in the coming days and players would receive further details. The absence of Blizzard games could cause a 6-8% drop in NetEase's revenue next year, analysts from Daiwa Capital Markets wrote in a research report on Nov. 9. The estimate is founded on the basis that licensed games account for around 10% of NetEase's total revenue and Blizzard accounts for 60-80% of licensed games. "We are looking for alternatives to bring our games back to players in the future," Blizzard President Mike Ybarra said in the statement.

☆ Amazon launches virtual healthcare clinic in U.S.
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - Amazon.com Inc (AMZN.O) launched Amazon clinic on Tuesday, a virtual platform for common healthcare conditions like allergies, acne and asthma, expanding the e-commerce giant's presence in the U.S. healthcare space. Amazon, which already runs Amazon Pharmacy, said the new service would operate in 32 states, and comes only months after it agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ YouTube expands shopping features following digital ad slowdown - FT
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - YouTube is bringing shopping features to its TikTok-like short-form video service, as it looks to diversify its revenue stream squeezed by falling ad spending, the Financial Times reported on Tuesday. Ad sales on Alphabet (GOOGL.O)-owned YouTube slipped to $7.07 billion in the third quarter from $7.2 billion a year earlier, as some advertisers pulled back on their ad spending in the face of an economic slowdown. The streaming service is also testing new commission schemes for influencers who sell products through links in videos, the newspaper said. The report comes months after YouTube unveiled a new way for creators to make money on short-form videos, introducing advertising on its video feature Shorts and giving video creators 45% of the revenue. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon launches virtual healthcare clinic in U.S. for common ailments
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - Amazon.com Inc (AMZN.O) on Tuesday launched Amazon clinic, a virtual platform where users can connect with healthcare providers to help treat common ailments like allergies and skin conditions. Amazon has for years sought to expand its presence in healthcare. It bought online pharmacy PillPack in 2018, underpinning a prescription delivery and price-comparison site it later launched as Amazon Pharmacy, which lets users buy over-the-counter drugs via Prime memberships. Amazon saidits new service would operate in 32 states, where customers who seek treatment, will be connected to healthcare providers. read moreThe company is also waiting to close its $3.49 billion deal to buy One Medical, as it seeks to expand its virtual healthcare presence and add brick-and-mortar doctors' offices for the first time.

☆ Nicole making landfall as a hurricane over the Bahamas, U.S. NHC says
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - Nicole has become a hurricane while making landfall on Grand Bahama island, the U.S. National Hurricane Center (NHC) said on Wednesday. Nicole is located about 105 miles (170 km) east of West Palm Beach, Florida, and is bringing maximum sustained winds of 75 miles per hour (120 km per hour), the Miami-based forecaster said. Reporting by Bharat Govind Gautam in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Hurricane Lisa makes landfall in Belize, U.S. NHC says
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: 1 min

Nov 2 (Reuters) - Hurricane Lisa has made landfall along the coast of Belize, the National Hurricane Center (NHC) said on Wednesday. The hurricane is about 10 miles (15 km) southwest of Belize city, and is carrying maximum sustained winds of 85 miles per hour (140 km per hour), the Miami-based weather forecaster said. Reporting by Bharat Govind Gautam and Swati Verma in Bengaluru; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FERC says winter natgas prices will be up from recent years
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Oct 20 (Reuters) - Natural gas prices at major U.S. trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission (FERC) said on Thursday. Even if domestic gas production grows faster than domestic demand, "forecasts anticipate that continued growth in net exports, including from liquefied natural gas (LNG) export facilities, will place additional pressure on natural gas prices this winter," the agency said. "In total, the U.S. will add 43 gigawatts(GW)of net winter capacity between March 2022 and February 2023, mostly from solar and wind generation." "Natural gas pipelines in California may also face constraints this winter due to ongoing pipeline outages." The FERC warned that this winter, international markets will likely also affect the U.S. market, as they did at times last winter.

☆ U.S. natgas languishes near 7-month low after big storage build
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +3 min

Oct 20 (Reuters) - U.S. natural gas futures fell to their lowest since March on Thursday, after a federal report showed a larger-than-expected storage build last week and as the market is expected to see increases in output. Front-month gas futures fell 1.9% to settle at $5.358 per million British thermal units, after sliding to $5.253 per mmBtu earlier in the session. It was also the fifth week in a row that stockpiles increased by over 100 bcf. With milder weather coming, Refinitiv projected average U.S. gas demand, including exports, would fall from 100.6 bcf per day this week to 95.5 bcf per day next week. Even though natural gas production growth will likely outpace domestic natural gas demand growth in winter 2022-2023, the continued growth in net exports and reduced natural gas storage inventories are expected to place additional upward pressure on natural gas prices this winter, the Federal Energy Regulatory Commission (FERC) said on Thursday.

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