DIRS.INFO The most relevant business & tech news

☆ Wall Street gains, Treasury yields rise as debt ceiling talks progress
▼ + stars: | 2023-05-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

[1/3] A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File PhotoSINGAPORE, May 19 (Reuters) - U.S. stocks were tentatively higher on Friday and benchmark Treasury yields extended their upward trajectory as market participants looked for signs of progress in the debt ceiling negotiations in Washington. Talks on Capitol Hill on raising the debt ceiling appear to be moving forward, with Democratic negotiators saying they've made "steady progress" toward a deal that would avoid a U.S. credit default. European stocks climbed and the German DAX touched a record high as optimism about a debt ceiling deal spread across the Atlantic. The dollar index fell 0.21%, with the euro up 0.18% to $1.0788.

☆ What happened the day when one of the worst nuclear disasters in US history took place at Three Mile Island
▼ + stars: | 2023-05-19 | by ( Katie Canales | ) www.businessinsider.com time to read: 1 min

Because of the new rules, the process of designing and building new nuclear power plants became longer and more costly. Since the Three Mile Island accident, no new nuclear plants have been built in the US. Three Mile Island is seen on May 30, 2017. Carlo Allegri/ReutersSource: History

☆ EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say
▼ + stars: | 2023-05-10 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

[1/2] Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo AllegriBRUSSELS, May 10 (Reuters) - EU antitrust regulators are set to approve Microsoft Corp's (MSFT.O) $69 billion acquisition of Activision (ATVI.O) next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission's imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming. U.S. distributor Valve Corp, owner of the world's largest video game distribution platform, Steam, declined a contract saying it trusts Microsoft. (This story has been corrected to say that Valve does not have a licensing deal with Microsoft in paragraph 4)Reporting by Foo Yun Chee; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Lazio face crunch match with Milan in race for Champions League spots
▼ + stars: | 2023-05-05 | by ( Tommy Lund | ) www.reuters.com time to read: +3 min

Maurizio Sarri's Lazio side face a tough test in Milan, who have been unbeaten at San Siro in their last eight games in all competitions. Lazio have 64 points ahead of Juve (63) and Inter Milan (60) with Atalanta, Milan and AS Roma (58) jostling for the top four. Pioli, whose Milan team were dethroned by Napoli in the league, also have a Champions League semi-final, first leg against Inter on Wednesday to think about. "Last year we took big steps forward when we came out of the Champions League, while this year in Europe we're doing exceptional things." Juve have found scoring on the road difficult, managing only four goals in their last five league games.

☆ Analysis: Napoli revive memories of Maradona with Serie A title win
▼ + stars: | 2023-05-04 | by ( Tommy Lund | ) www.reuters.com time to read: +4 min

May 4 (Reuters) - Napoli clinched the Serie A title on Thursday with five games to spare as they ended a 33-year drought stretching back to when Diego Maradona led them to the Scudetto in 1990. At the start of the season it would have been difficult to envisage Napoli becoming champions ahead of heavyweights such as Juventus and the two Milan clubs not to mention AS Roma. But after an exceptional transfer window and with Luciano Spalletti at the helm, Napoli dominated the title race while their main rivals all suffered slumps during the season. CONTENDERS FALTERAs Napoli surged ahead, suffering just one loss by the end of February, the other title contenders withered away as injuries plagued their squads. But Maurizio Sarri's side could only watch as Napoli became the fourth different team to win Serie A in as many years.

☆ Microsoft’s Activision Deal Is No Longer Just About Activision
▼ + stars: | 2023-05-02 | by ( Dan Gallagher | ) www.wsj.com time to read: +1 min

A Microsoft takeover of Activision Blizzard would give the Xbox maker control of the ‘Call of Duty’ videogame franchise. Photo: CARLO ALLEGRI/REUTERSCloud gaming is barely an actual business yet, but U.K. regulators want to make sure Microsoft never owns it. Their reasoning carries far greater implications than a deal that would give the Xbox maker control of “Call of Duty.”Microsoft says it plans to appeal the ruling last week from the U.K.’s Competition and Markets Authority, or CMA, to block the company’s $75 billion takeover of Activision Blizzard . The decision was a major surprise given earlier signs that suggested the agency was leaning in favor of letting the deal go through. The agency said it wanted to prevent the deal “to protect innovation and choice in cloud gaming,” a market that it predicts will be worth about one billion pounds—or roughly $1.25 billion—annually by 2026.

☆ U.S. Postal Service next-generation delivery vehicles delayed to mid-2024
▼ + stars: | 2023-05-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) said on Monday it expected to receive next-generation delivery vehicles in June 2024, nine months behind a prior schedule. In March 2022, the USPS placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp (OSK.N) and previously said it expected to begin receiving deliveries in October 2023. In April 2022, 16 states and environmental groups filed a lawsuit seeking to block USPS's plan to buy mostly gas-powered next-generation delivery vehicles, arguing that the agency failed to comply with environmental regulations. The modern vehicles will replace many older USPS vehicles that lack air bags and other safety equipment as well as air conditioning. In December, USPS said it would more than double planned electric delivery vehicles purchases after initially saying it would buy nearly all gasoline-powered delivery vehicles.

☆ Napoli on brink of Serie A title before Udinese trip
▼ + stars: | 2023-05-02 | by ( Tommy Lund | ) www.reuters.com time to read: +4 min

Luciano Spalletti emphasised how sluggish his once invincible squad were after a tough month in April where they managed only two wins in seven games in all competitions and crashed out of the Champions League. JUVE DRY SPELLAfter having their 15-point deduction overturned in April, Juventus now find themselves in a very different position as they jumped from seventh to third, reigniting their Champions League qualification hopes. We were involved in three competitions until last week, which means the season is going well," manager Massimiliano Allegri said. Maurizio Sarri will have an almost complete squad at his disposal against Sassuolo, including striker Ciro Immobile and defender Luca Pellegrini. AS Roma, AC Milan and Inter Milan are all on 57 points as they battle it out for the final Champions League spot.

☆ Runaway leaders Napoli close on title with last-gasp win at Juve
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +3 min

A goalless first half saw defensive Juventus allowing Napoli to enjoy the lion's share of possession, awaiting chances to counter-attack. The approach did not result in many chances for either side and Juve managed only three shots on target. The game sprung to life with 20 minutes left when Napoli came close to taking the lead through striker Victor Osimhen who fired inches wide of the post. Napoli then sealed their eighth away league win in a row through Raspadori, who beat Szczesny with a volley following a beautiful lofted cross by midfielder Eljif Elmas. "We played a good game against a strong Napoli," said Juventus coach Massimiliano Allegri.

☆ Top Fed Official Signals Support for May Interest-Rate Increase
▼ + stars: | 2023-04-20 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

New York Fed President John Williams said he expected inflation to decline to around 3.5% this year. Photo: Carlo Allegri/REUTERSA top Federal Reserve official said the central bank had more work ahead to bring down inflation, suggesting another interest-rate increase would be warranted at the Fed’s meeting in two weeks. “Inflation is still too high, and we will use our monetary policy tools to restore price stability,” said New York Fed President John Williams in a speech Wednesday night to a group of financial industry professionals in Manhattan.

[1/2] U.S. President Donald Trump rape accuser E. Jean Carroll arrives for her hearing at federal court during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 21, 2020. There, he called Carroll's rape claim a "Hoax and a lie" for promoting her memoir, and maintained that she was "not my type!" Carroll first sued Trump for defamation in November 2019, five months after he first denied her rape claim. She has long accused Trump of stalling, and U.S. District Judge Lewis Kaplan in Manhattan has rejected multiple efforts by Trump to delay Carroll's case. Last year, Trump refused to let his Trump Organization concede wrongdoing in a New York criminal tax fraud case, which ended in a conviction that is being appealed.

☆ Stuttering Juve face Napoli test as they look to get back on track
▼ + stars: | 2023-04-20 | by ( Tommy Lund | ) www.reuters.com time to read: +2 min

If their appeal succeeded and the points penalty was cancelled, they would jump to third on 59 points. Napoli have one win in their last five games, a run that includes league and Champions League defeats to AC Milan, and are winless in their last three games in all competitions. Lazio will be the first of the top teams in action when they host 11th-placed Torino on Saturday. Simone Inzaghi's fifth-placed Inter Milan take on an Empoli side that beat them 1-0 in the reverse fixture earlier in the season, while AC Milan host Lecce. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

[1/2] A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. The company "had a strong Q1 as higher interest rates continued to boost its net interest margin despite rising deposit costs," David Fanger, senior vice president at Moody's Investors Service, said. Reuters GraphicsEconomists expect the U.S. economy to slow in the second half of the year as the Federal Reserve raises interest rates to tame inflation. It expects NII to fall 2% in the second quarter compared with the first three months of this year. The company's revenue, net of interest expense, increased 13% to $26.3 billion, beating estimates of $25.13 billion.

☆ Judge rejects Trump's request to delay trial in rape accuser Carroll's lawsuit
▼ + stars: | 2023-04-17 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

[1/2] U.S. President Donald Trump rape accuser E. Jean Carroll arrives for her hearing at federal court during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 21, 2020. REUTERS/Carlo Allegri/File PhotoNEW YORK, April 17 (Reuters) - A U.S. judge on Monday rejected former President Donald Trump's request to delay a scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her. Kaplan said there was no reason to assume it would be easier to seat a fair and impartial jury in May. Carroll's lawsuit stems from her alleged encounter with Trump in late 1995 or early 1996 in a Bergdorf Goodman department store in Manhattan. Reporting by Luc Cohen in New York Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

U.S. District Judge Lewis Kaplan in Manhattan on Friday rejected Trump's renewed effort to require that prospective jurors provide their names, employment and 38 other pieces of information on written questionnaires. While jurors would hear much about Trump even in "normal" circumstances, "the risk of prejudice is even more elevated" because of Bragg's case, Trump's lawyers said. She is separately suing Trump for defamation over his June 2019 denial that the dressing room encounter happened. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

[1/2] Donald Trump (R) speaks to media mogul Rupert Murdoch as they walk out of Trump International Golf Links in Aberdeen, Scotland, June 25, 2016. REUTERS/Carlo AllegriApril 11 (Reuters) - A Fox Corp (FOXA.O) shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. The lawsuit seeks damages for the company from Rupert Murdoch, his son and Fox Chief Executive Lachlan Murdoch, and fellow directors Chase Carey, Roland Hernandez and Jacques Nasser. Fox has argued that election-rigging claims by Trump and his lawyers were inherently newsworthy and protected by legal doctrines concerning press freedom. The shareholder lawsuit cited filings in the Dominion lawsuit, which said Murdoch had acknowledged under questioning from Dominion lawyers that some Fox hosts had "endorsed" the idea that the election was stolen.

☆ Rodents beware: New York City hires first 'rat czar'
▼ + stars: | 2023-04-12 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

[1/3] A rat jumps into a puddle in the snow in the Manhattan borough of New York City, New York, U.S., December 2, 2019. REUTERS/Carlo Allegri/File PhotoApril 12 (Reuters) - New York City's unending war on rats has a new commanding general. Mayor Eric Adams on Wednesday announced that Kathleen Corradi, an education department employee, has been appointed New York’s first-ever "rat czar," part of Adams’ effort to combat a growing rodent population in the county’s most populous city. She previously oversaw rat mitigation efforts in the city’s public schools. The size of the city’s rat population is unknown.

☆ Juve lack attacking options for Inter clash, says Allegri
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

March 18 (Reuters) - Juventus could be without Angel Di Maria and Federico Chiesa for Sunday's Serie A match at Inter Milan as the Turin club battles a growing injury list, manager Massimiliano Allegri said. Both have struggled with injuries this season and Allegri said on Saturday they could join Leonardo Bonucci, Alex Sandro, Arkadiusz Milik and Paul Pogba as injury absentees. Moise Kean is also suspended after he was sent off in their 1-0 loss against AS Roma earlier this month. We don’t have options up front without Kean and Milik, we have (Matias) Soule but only (Dusan) Vlahovic as a starting striker," Allegri said. "It’s important and difficult in Milan because six-pointers are always difficult to play," Allegri added.

☆ Analysis: Investors brace for hard landing as banking woes stoke recession fears
▼ + stars: | 2023-03-16 | by ( David Randall | ) www.reuters.com time to read: +5 min

[1/3] The Charging Bull, or Wall Street Bull, is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. “The no landing scenario has quickly evaporated,” said Emily Roland, co-chief investment strategist at John Hancock Asset Management. A financial accident has happened, and we are going from no landing to a hard landing driven by tighter credit conditions,” he wrote in a Wednesday note. Some investors believe regulators' quick backstop of Silicon Valley Bank, which included guaranteeing the funds of depositors, will prevent a crisis and allow for a soft landing. “The odds of a soft landing have gone down and the likelihood of a hard landing has gone up,” he said.

☆ Pfizer to replace migraine drug packaging over child safety concerns
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Pfizer logo is pictured on their headquarters building in the Manhattan borough of New York City, New York, U.S., November 9, 2020. REUTERS/Carlo Allegri/File PhotoCompanies Pfizer Inc FollowMarch 16 (Reuters) - Pfizer Inc (PFE.N) said on Thursday it was working on a new child-proof packaging for its migraine drug, Nurtec ODT, after safety concerns led to a recall alert from the U.S. Consumer Product Safety Commission (CPSC). Pfizer said it was developing a new packaging for the drug acquired through its $11.6 billion buyout of Biohaven Pharmaceutical Holding in 2022. As an interim measure, the company has instructed pharmacists to place the drug packet in a child-resistant vial before dispensing it to patients. The orally disintegrating tablets are used for the treatment of acute migraine and as preventive treatment for episodic migraine in adults.

[1/5] Guo Wengui (also known as Miles Kwok) holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. Guo, 52, was charged with 11 criminal counts including securities fraud, wire fraud and concealment of money laundering, after "lining his pockets with the money he stole," U.S. Attorney Damian Williams in Manhattan said in a statement. They will propose a "robust bail package," according to Tamara Giwa, a federal public defender who represented Guo at Wednesday's hearing. Bannon is not accused of wrongdoing in Guo's criminal case. It said it also seized assets purchased with proceeds from Guo's alleged fraud, including a Lamborghini Aventador, and wants Guo to forfeit the yacht.

Washington-based Seagen is a pioneer of antibody-drug conjugates, which work like "guided missiles" designed for a targeted destructive effect and spare healthy cells. The Pfizer logo is pictured on their headquarters building in the Manhattan borough of New York City, New York, U.S., November 9, 2020. The drugmaker expects more than $10 billion in sales from Seagen products in 2030, and another $15 billion from its other recent acquisitions. Pfizer said antitrust regulators could closely review the deal due to its size but eventually approve it. Pfizer rival Merck & Co Inc (MRK.N) and Seagen were in advanced deal talks last year but those reportedly collapsed over antitrust concerns.

☆ Trump cannot exclude 'Access Hollywood' tape from rape accuser's trial
▼ + stars: | 2023-03-10 | by ( Jonathan Stempel | Industry Insight | What A Law Firm Client Development Manager Says About Client Listening Programs | ) www.reuters.com time to read: +3 min

Carroll sought to introduce an excerpt from the tape, which was recorded in 2005 and where Trump boasted about forcing himself on women, as evidence that Trump had a propensity for sexual assaults comparable to hers. In the "Access Hollywood" excerpt, Trump graphically described his unsuccessful attempt to have a sexual encounter with a married woman, and described himself as being attracted to beautiful women. The tape was released in October 2016 and threatened to upend Trump's White House run. Kaplan also rejected Trump's bid to exclude testimony from two other women who claimed he sexually assaulted them, and evidence that Carroll suffered emotional harm. The cases are Carroll v. Trump, U.S. District Court, Southern District of New York, Nos.

☆ UN to mark Russia invasion of Ukraine anniversary by urging 'just peace'
▼ + stars: | 2023-02-16 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

[1/2] The United Nations headquarters building is pictured with a UN logo in the Manhattan borough of New York City, New York, U.S., March 1, 2022. The 193-member General Assembly is likely to vote next Thursday after two days of speeches by dozens of states to mark the Feb. 24 anniversary of the start of the war. Russia was diplomatically isolated last year, when 141 states voted on March 2 to denounce its invasion and demand Moscow withdraw its troops. The United States and western allies have called the invasion an unprovoked land grab against a sovereign nation. Ambassador to the United Nations, Linda Thomas-Greenfield, said last month.

☆ Martin Shkreli: I'm not in contempt over drug industry ban
▼ + stars: | 2023-02-10 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

The ban also included a $64.6 million civil fine, which Shkreli said he is "so far unable" to pay. He said he intended to comply fully with the ban and provide requested information. The FTC had accused Shkreli last month of failing to provide information about Druglike Inc, a company it said he formed last July. He also said Druglike and DL Software were "software companies creating professional software for chemists and physicists," and thus outside his pharmaceutical industry ban. U.S. District Judge Denise Cote, who imposed the ban and $64.6 million penalty, will decide the FTC contempt motion.

Search resuls for: "Allegri"

25 mentions found