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☆ FBI warns on Scattered Spider hackers, urges victims to come forward
▼ + stars: | 2023-11-16 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 16 (Reuters) - The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The statement, issued jointly with the U.S. Cybersecurity and Infrastructure Security Agency, sheds new light into how these hackers operate. The FBI and CISA urged critical infrastructure organisations to implement a series of security measures they recommended and urged victim organisations to share information about the hacks with the agencies. Everything from a sample ransom note, communications with the hackers, their cryptocurrency wallet information, or samples of malicious files could be useful, they said. "FBI and CISA do not encourage paying ransom as payment does not guarantee victim files will be recovered," they said, adding that ransom payments may embolden the hackers into going after more targets.

Persons: Bridget Bennett, they've, Slack, CISA, Zeba Siddiqui, Nick Zieminski Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, FBI, MGM Resorts International, Caesars Entertainment, U.S, Cybersecurity, Infrastructure Security Agency, Microsoft, Microsoft Exchange, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

☆ Pressure mounts on FDIC chief amid calls for recusal, congressional probe
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. In a statement, FDIC Vice Chairman Travis Hill and board member Jonathan McKernan said that "at a minimum" Gruenberg and FDIC General Counsel Harrel Pettway should recuse themselves from the internal review of workplace conduct at the agency. "It is clear Mr. Gruenberg never should have been reappointed or confirmed in the first place," McHenry said. McHenry also said Gruenberg had "initially misled" the committee during testimony on Wednesday, at first claiming he had not been the subject of an investigation to his workplace conduct before acknowledging that he had. Reporting by Douglas Gillison; Editing by Chizu Nomiyama and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Travis Hill, Jonathan McKernan, Harrel Pettway, Patrick McHenry, McHenry, Douglas Gillison, Chizu Nomiyama, Nick Zieminski Organizations: Federal Deposit Insurance Corp, REUTERS, Republican, U.S, U.S . Federal Desposit Insurance Corporation, Financial Services, Thomson Locations: Washington, U.S .

☆ Billionaire Asness says he is 'more a bond guy' at this moment
▼ + stars: | 2023-11-16 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer of AQR Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Billionaire quant investor Cliff Asness said on Thursday that he currently favors bonds over equities, given the returns that U.S. Treasuries are offering. "I'm more of a bond than a stock guy at this point," the founder principal of AQR Capital Management said when asked about his asset preferences at a virtual event hosted by Brazilian bank Banco Bradesco. "Bonds are starting to look pretty, pretty reasonable. Asness added he believes U.S. stocks are unlikely to repeat the same valuation growth they posted in the last 30 years.

Persons: Cliff Asness, Lucy Nicholson, Bonds, Asness, Carolina Mandl, Jonathan Oatis, Nick Zieminski Organizations: AQR Capital Management, Milken Institute Global Conference, REUTERS, Banco Bradesco, Treasury, Reserve, Carolina, Thomson Locations: Beverly Hills , California, U.S, Banco Bradesco . U.S, New York

[1/2] EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp. The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft (MSFT.O), Apple (AAPL.O), Alphabet's (GOOGL.O) Google, Amazon (AMZN.O), Meta and ByteDance's TikTok. The company said it was designated a gatekeeper based on its parent company, ByteDance's, global market capitalisation that us based primarily on the performance of business lines that do not even operate in Europe. Last month, China's ByteDance bought back shares from U.S. employees in a deal that valued the company at $223.5 billion.

Persons: Dado Ruvic, China's ByteDance, Supantha Mukherjee, Nick Zieminski Organizations: EU, REUTERS, Rights, Meta, Digital Markets, Facebook, European Union, Microsoft, Apple, Google, Economic, European Commission, Thomson Locations: Rights STOCKHOLM, Europe, Stockholm

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 16 (Reuters) - New York State will issue a new offshore wind solicitation on Nov. 30 with bids due in January 2024, the state government said, in a move that should support the troubled industry. This would allow the companies to re-offer their planned projects at higher prices and exit their old contracts. Those measures included the expedited solicitation for offshore wind and other renewable projects announced on Thursday. The offshore wind projects that the companies are developing are Orsted's 924-megawatt (MW) Sunrise, and the joint venture between Equinor and BP's 816-MW Empire Wind 1, 1,260-MW Empire Wind 2 and 1,230-MW Beacon Wind. In a positive sign for the companies, the New York State Energy Research and Development Authority (NYSERDA) on Oct. 24 awarded three offshore wind contracts at much higher prices than the earlier projects bid by Orsted, BP and Equinor.

Persons: Kathy Hochul, Brendan McDermid, New York Governor Hochul, Scott DiSavino, Jonathan Oatis, Nick Zieminski, Richard Chang Organizations: New, REUTERS, BP, New York Public Service Commission, New York Governor, New York State Energy Research, Development Authority, Orsted, Equinor, Thomson Locations: New York City, U.S, New York, Equinor

The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel. Target sales declined by an average 7% in August and September alongside declines in transaction count and value, TD Cowen said in a note ahead of its earnings. On Wednesday, Target forecast adjusted earnings to land between $1.90 and $2.60 per share in the fourth quarter. It also expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop.

Persons: Brian Cornell, Cornell, TD Cowen, Kendra Scott, Lucy Nicholson, Brian Mulberry, Price, Dave Wagner, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis, Chizu Nomiyama, Nick Zieminski Organizations: Target, Shoppers, Schwarz, Azusa , California U.S, REUTERS, Zacks Investment Management, Walmart, Consumer, Retail's, . Commerce Department, Aptus Capital Advisors, Thomson Locations: Azusa , California, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru

Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. In a statement responding to the motion, a spokesperson for New York Attorney General Letitia James said Trump was trying to distract from his "fraud." It is highly unlikely that Engoron will declare a mistrial, given his earlier fraud findings and defense of his law clerk's conduct. Trump took the stand in the case last week, defending his business practices and calling the case "election interference." The case is among the many legal woes facing Trump as he campaigns for the presidency.

Persons: Donald Trump, Dave Sanders, Donald Trump's, Arthur Engoron, Engoron, Trump, Letitia James, Chuck Schumer, Christopher Kise, clerk's, Luc Cohen, Nick Zieminski Organizations: U.S, Trump Organization, Court, REUTERS, Wednesday, Trump, New York, Democrat, Democratic, Thomson Locations: New York, Manhattan, New York City, U.S, New York State

☆ U.S. renewable, grid battery projects battle transformer shortage
▼ + stars: | 2023-11-15 | by ( Nicole Jao | ) www.reuters.com time to read: +5 min

LONGER LEAD TIMESLarge-scale battery projects to store energy on grids and to smooth out the variance of wind and solar power are also seeing longer lead times. They are taking around 12 to 18 months to complete, around six months longer than they would take without the supply issues, said Andrew Waranch, chief executive of battery energy storage system developer Spearmint Energy. Utility AES Corp (AES.N) has stockpiled supplies of the equipment it needs to build battery storage projects through 2025, a company spokesperson said. A shortage of raw materials that has contributed to transformer supply delays is unlikely to ease soon, manufacturers said. The supply-demand dislocation has worsened with the rapid scale-up of wind, solar and storage projects.

Persons: Nick Oxford, Vanessa Witte, Wood Mackenzie, Ben Pratt, Pratt, we've, Reagan Farr, Farr, Andrew Waranch, Waranch, Marco Terruzzin, Doug Banty, Banty, John Darby, Nicole Jao, Simon Webb, Nick Zieminski Organizations: REUTERS, AES, Nova Clean Energy, Silicon, Spearmint Energy, Developers, American Clean Power Association, U.S . Energy Information Administration, AES Corp, MGM, Niagara, Thomson Locations: Big Spring , Texas, U.S, Chicago, Swiss, China, California, Russia, Ukraine, New York

☆ Staffing shortages, outdated facilities threaten US air safety -- report
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The panel, named by the Federal Aviation Administration (FAA), released a 52-page report citing problems that included shortages of air traffic controllers, technology issues, outdated systems and dramatic funding needs. It cited aging FAA air traffic control facilities with leaking roofs, broken heating and air conditioning systems and old surveillance radar systems that must soon be replaced at a cost of billions of dollars. A government watchdog report said in June critical air traffic facilities face significant staffing challenges, posing risks to air traffic operations. The FAA said in March it was taking steps to improve air traffic control operations, which are short-staffed. "There is no question that we are seeing too many close calls," the head of the FAA's air traffic organization told employees.

Persons: LaGuardia, Brendan McDermid, Michael Huerta, David Shepardson, Louise Heavens, Nick Zieminski, David Gregorio Our Organizations: REUTERS, Rights, Federal Aviation Administration, FAA, National Transportation, New York, Southwest Airlines, Boeing, Cessna, Thomson Locations: New, New York City , New York, U.S, New York City, San Diego

☆ Synopsys, Microsoft team up for a chip-design assistant
▼ + stars: | 2023-11-15 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

But Synopsys (SNPS.O) on Wednesday said it has worked with Microsoft to create its own Copilot to help with designing computer chips. Synopsys trained the system on huge troves of data it has accumulated over decades in business to help with that. "But if you're not generating (chip design work) that is over 99.9% accurate, you're introducing a bug in your chip, which is worth hundreds of millions of dollars." Fixing bugs is one of the lengthiest and costliest parts of the chip design process. Microsoft said it has already started to test the Synopsys system with its own chip design teams, which on Wednesday unveiled the company's first in-house data center chips.

Persons: Steve Marcus, Synopsys, Shankar Krishnamoorthy, Krishnamoorthy, Erik Berg, Stephen Nellis, Nick Zieminski Organizations: REUTERS, Microsoft, Wednesday, San, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

Companies Tesla Inc FollowNov 15 (Reuters) - Tesla Inc (TSLA.O) did not violate U.S. labor law by prohibiting workers at its flagship Fremont, California, assembly plant from wearing pro-union t-shirts, a federal appeals court has ruled. The electric vehicle maker adopted its uniform policy in 2017 amid an organizing campaign by the United Auto Workers union (UAW). President Joe Biden said last week that he supported the union's efforts to organize workers at Tesla and Toyota. Tesla's "team wear" policy required employees to wear black shirts imprinted with the Tesla logo. A three-judge 5th Circuit panel in March had affirmed the labor board's decision.

Persons: Tesla, Joe Biden, Elon Musk, tweeting, Daniel Wiessner, Nick Zieminski Organizations: Tesla, Tesla Inc, Circuit, Appeals, National Labor Relations Board, NLRB, United Auto Workers union, UAW, U.S, Detroit Three, Toyota, Thomson Locations: Fremont , California, New Orleans, Albany , New York

☆ Trump's Georgia election trial might not conclude until 2025, says prosecutor
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

[1/3] Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally at Ted Hendricks Stadium in Hialeah, Florida, U.S. November 8, 2023. REUTERS/Octavio Jones Acquire Licensing RightsNov 14 (Reuters) - Former U.S. President Donald Trump's election interference case in Georgia may not conclude until the winter of 2024 or early 2025 after a trial that will last many months, the prosecutor, Fulton County District Attorney Fani Willis, said on Tuesday. That timeline would mean the trial may be ongoing as voters cast their ballots in the 2024 presidential election. Trump is the Republican frontrunner to face Democratic President Joe Biden in the election. Willis dismissed concerns about the campaign, saying she does not "consider an election cycle or an election season" when bringing criminal cases.

Persons: Donald Trump, Ted Hendricks, Octavio Jones, Donald Trump's, Fani Willis, Trump, Joe Biden, Willis, Costas Pitas, Andrew Goudsward, Nick Zieminski Organizations: Republican, REUTERS, Former U.S, Washington Post, Democratic, Thomson Locations: Hialeah , Florida, U.S, Former, Georgia, Fulton County, Los Angeles, Washington

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

☆ US Senator challenges Teamsters president to fight during hearing
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - An Oklahoma senator challenged Teamsters President Sean O'Brien to a fight during a Senate hearing on Tuesday rising from his seat, before the committee chair stepped in defuse the confrontation. The verbal sparring began after Republican Senator Markwayne Mullin paraphrased from a June tweet posted by O'Brien about the Senator: "...What a clown, a fraud. Mullin then rose for his seat after O'Brien said "You stand your butt up, big guy" as the two traded further barbs. At that point Sanders, who was chairing the hearing with union presidents, said to Mullin: "You're a United States senator, sit down." Mullin again later in the hearing challenged O'Brien to fight for charity in April.

Persons: Sean M, Elizabeth Frantz, Sean O'Brien, Markwayne Mullin, O'Brien, Mullin, Sanders, Chris Sanders, Nick Zieminski Organizations: Brotherhood of Teamsters, Health, Education, Labor, REUTERS, Rights, United, Thomson Locations: Washington , U.S, An Oklahoma, United States

Nov 13 (Reuters) - Donald Trump Jr. testified on Monday about what he called the "sexiness" of his father's real estate portfolio, in his second time taking the stand in the former U.S. president's civil fraud trial. Donald Jr. said the "sexiness" of his father's real estate projects attracted licensing deals with other developers who wanted to emulate his style. "Let him go ahead and talk about how great the Trump Organization is," said Engoron, who has defended himself during the trial from allegations of bias from Trump and his lawyers. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father's financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.

Persons: Donald Trump Jr, Donald Trump, Letitia James, Trump, Clifford Robert, Donald Jr, James, Arthur Engoron, Engoron, Colleen Faherty, Jane Rosenberg, Eric Trump, Ivanka Trump, Eric, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis, Nick Zieminski, Jonathan Oatis Organizations: New York, Trump, Trump Organization, Court, REUTERS, Democratic, Republican, Thomson Locations: U.S, Manhattan, Hawaii, New York, New York City

Bain has been interviewing investment banks to hire financial advisers that will help the private equity firm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said. Varsity Brands generates more than $400 million in 12-month earnings before interest, taxes, depreciation and amortization, the sources added, asking not to be identified because the matter is confidential. Varsity Brands and Bain declined to comment. Varsity Brands consists of two main businesses, BSN SPORTS and Varsity Spirit. Varsity kept the yearbooks business when it sold Herff Jones to private equity firm Atlas Holdings earlier this year.

Persons: Kim Kyung, Bain, Varsity's Herff Jones, Herff Jones, Catterton, Abigail Summerville, Nick Zieminski Organizations: Bain Capital, REUTERS, Varsity Brands, BSN SPORTS, Spirit, Nike, Varsity, Atlas Holdings, Bain, Charlesbank Capital Partners, Partners Group, Birkenstock, ACON Investments, Kelso, Co, Equity, Thomson Locations: Tokyo, Japan, U.S, Varsity's, New York, Augusta

☆ Walmart, Target earnings to offer clues on crucial holiday season
▼ + stars: | 2023-11-13 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

But rising credit card debt, depleted pandemic-era savings, and higher interest rates are giving investors pause, betting that retail bellwethers like Walmart and Target will have too much merchandise and be forced to discount during the holiday season. Walmart's decision so far to not hire seasonal holiday workers is a telling sign, Walmart investor Sizemore Capital Management told Reuters. The National Retail Federation predicts U.S. holiday sales in 2023 to rise at the slowest pace in five years. But Walmart and Target began offering some holiday discounts as early as October. "I don't see" food price inflation crowding out sales of more discretionary goods as "as big of an issue this holiday season as last holiday season," D.A.

Persons: they're, Charles Sizemore, Brian Cornell, " Sizemore, TD Cowen, D.A, Davidson, Rubbermaid, Helen of Troy, Target, Scott, Michael Baker, Siddharth Cavale, Nick Zieminski Organizations: Walmart, Target, U.S, Capital Management, Reuters, National Retail Federation, Newell Brands, Hydro, Thomson Locations: New York

☆ Donald Trump to testify in New York fraud case that threatens his business
▼ + stars: | 2023-11-06 | by ( Jack Queen | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

[1/2] Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Dave Sanders/Pool via REUTERS/File Photo Acquire Licensing RightsNEW YORK, Nov 6 (Reuters) - Donald Trump returns to a New York courtroom on Monday, where he will take the witness stand in a civil fraud trial that threatens to diminish the real-estate empire that built his reputation before he entered politics. New York Attorney General Letitia James is seeking $250 million in fines, as well as restrictions that would prevent Trump and his sons Eric and Donald Jr from doing business in their home state. Judge Arthur Engoron has already canceled business certificates for companies that control large portions of his business, though that order is on hold during appeal. Trump's daughter Ivanka is due to testify on Wednesday, though she is not a defendant in the case.

Persons: Donald Trump, Dave Sanders, Trump, Letitia James, Eric, Donald Jr, Judge Arthur Engoron, Michael Cohen, James, Ivanka, Jack Queen, Andy Sullivan, Scott Malone, Nick Zieminski Organizations: U.S, Trump Organization, Court, New York, Trump, New York Democrats, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, York, Lago, Florida, glower, New

☆ Key New York tunnel project wins $3.8 billion in new US support -senators
▼ + stars: | 2023-11-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The White House in July had advanced $6.88 billion in funding from the Federal Transit Administration for the project. Schumer, Transportation Secretary Pete Buttigieg and New York Governor Kathy Hochul were among the officials who celebrated the start of construction in New York on the Hudson Tunnel Project. Buttigieg said Friday the Hudson Tunnel project will reduce traveler delays, support 72,000 jobs and generate $19 billion in economic activity. The project was debated in Washington for over a decade since the New York City-area rail tunnel was damaged when Superstorm Sandy flooded parts of the city. The 112-year-old rail tunnel carries 200,000 passenger trips per day on New Jersey Transit and Amtrak along the Northeast Corridor.

Persons: Mike Segar, Biden, Chuck Schumer, Sandy, Pete Buttigieg, Kathy Hochul, Buttigieg, Chris Christie, Donald Trump, Schumer, David Shepardson, Nick Zieminski Organizations: New Jersey Transit, REUTERS, Rights, Amtrak, Federal Transit Administration, Schumer, Transportation, New, Congressional Democrats sparred, Thomson Locations: New Jersey, New York City, Secaucus, Secaucus , New Jersey, Manhattan, New, New York, Washington, Newark , New Jersey

☆ US job growth slows in October; unemployment rate rises to 3.9%
▼ + stars: | 2023-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Nonfarm payrolls increased by 150,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely watched employment report on Friday. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. The report could strengthen financial market expectations that the Federal Reserve is done raising interest rates for the current cycle. The labor market is the major force behind the economy's staying power, with gross domestic product recording an annualized growth pace of nearly 5% in the third quarter. But others disagreed, saying that the record-setting contracts would only become an issue for wage inflation if the Fed raised rates too high and choked off demand.

Persons: Brian Snyder, Detroit's, Lucia Mutikani, Nick Zieminski Organizations: Taylor Party, Equipment Rentals, REUTERS, Rights, United Auto Workers, UAW, Labor Department's Bureau of Labor Statistics, Reuters, BLS, Federal, UPS, Thomson Locations: Somerville , Massachusetts, U.S

Arctic-2 LNG has been expecting to start exporting soon and it is uncertain how much Russian LNG would be blocked by the new measures. The largest Russian LNG producer Novatek (NVTK.MM) said in September it would start shipments from Arctic-2 LNG early next year. The State Department said Zakharov is the creator and designer of the drones. "And every sanctions decision must work in full, so that there is no chance for Russia to bypass them." The State Department also imposed sanctions on multiple defense-related entities and procurement companies in the UAE.

Persons: Volodymyr Zelenskiy, Joe Biden, Doug Mills, Biden, Vladimir Putin, Antony Blinken, Aleksandr Zakharov, Zakharov, Andriy Yermak, Yermak, Daphne Psaledakis, Timothy Gardner, Alexandra Alper Mike Stone, Karen Freifeld, Yuliia Dysa, Ron Popeski, Nick Zieminski, Diane Craft Organizations: U.S, White, Rights, Moscow, State Department, Commerce Department, United Arab, Treasury Department, Systems, Treasury, Russian LNG, European, ZALA Aero, Russian Ministry of Defense, The State Department, Russian Federation, Washington, Turkish, UAE . Construction, Thomson Locations: Washington , U.S, United States, Ukraine, Siberia, Washington, Russian, U.S, United Arab Emirates, Turkey, China, Russia, Moscow, Crimea, Europe, European Union, Ukrainian, ZALA, UAE, New York, Gdansk, Beijing

The Swiss National Bank and the Swiss Finance Ministry are part of the conversations with lenders, one source said. A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. Regulators worldwide have since been grappling with the risk of bank runs, which in the era of digital banking have accelerated in speed. Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, Bank of England executive director for markets, Andrew Hauser, said on Friday at a conference in London. They risk penalizing Swiss banks if they were to be introduced only in Switzerland, one of the sources said.

Persons: SNB, Zürcher, PostFinance, Raiffeisen, Andrew Hauser, Thomas Jordan, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, John O'Donnell, Paritosh Bansal, Nick Zieminski Organizations: UBS, Swiss National Bank, Swiss Finance Ministry, Reuters, Swiss, Raiffeisen, Credit Suisse, Regulators, Bank of England, Thomson Locations: ZURICH, Switzerland, Swiss, Zurich, U.S, London, Bern

BOSTON, Nov 1 (Reuters) - The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines that dominate the U.S. skies. Ted Christie, Spirit's chief executive officer, during the second day of trial in the U.S. Department of Justice's lawsuit challenging the merger testified that his ultra-low-cost airline remained "relatively insignificant" despite years of growth. He said Spirit, which has not turned a profit in three years, had just around 3% of the market and was facing "more effective" competition from those larger airlines - United Airlines, American Airlines, Delta Air Lines and Southwest Airlines - in the aftermath of the COVID-19 pandemic. Christie testified that throughout the negotiations for the deal in 2022, Spirit had been concerned how regulators would view a merger with JetBlue, as the Justice Department had already sued JetBlue to challenge a planned Northeast partnership with American Airlines. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Christie, Christie, Spirit, Jay Cohen, William Young, Nate Raymond, Alexia Garamfalvi, Nick Zieminski Organizations: BOSTON, Spirit Airlines, JetBlue Airways, U.S . Department of, Spirit, United Airlines, American Airlines, Delta Air Lines, Southwest Airlines, JetBlue, Frontier Group Holdings, U.S, Justice Department, Democratic, District of Columbia, Thomson Locations: U.S, Boston, New York City, Newark, Fort Lauderdale

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ Arab American support for Biden, Democrats plummets over Israel, poll shows
▼ + stars: | 2023-10-31 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

Arab American support for Biden, at 59% in 2020, fell even before the outbreak of violence in the Middle East to 35%, the poll commissioned by the Arab American Institute showed, but has halved since. THE TAKEThe poll is the latest evidence that Biden's campaign for a second term in office is rapidly losing Muslim and Arab Americans support over his staunch support of Israel. Only 20% of Arab Americans would rate Biden's job performance as "good," the poll showed, with 66% reporting a negative view of the president overall. The poll showed that 45% of Arab Americans were concerned about their personal safety due to the recent violence in Israel and Palestine. The poll was conducted by John Zogby Strategies of 500 Arab Americans with some answering online only.

Persons: Bonnie Cash, Joe Biden's, Donald Trump, Robert F, Kennedy Jr, Cornel, John Zogby, Andrea Shalal, Heather Timmons, Nick Zieminski Organizations: Palestine, REUTERS, Rights, Democratic, Biden, Arab American Institute, Republican, Cornel West, Thomson Locations: Gaza, Washington , U.S, Arab, Israel, Michigan , Ohio, Pennsylvania, United States, U.S, Palestine

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