Category: Companies

World Stocks Cautiously Higher Ahead of High Stakes Fed Decision

LONDON—World stocks were cautiously higher on Wednesday as hopes that a banking crisis would be averted were tempered by uncertainty before a Federal Reserve meeting that sees the central bank caught between taming inflation and maintaining stability. Data showing British inflation unexpectedly rose to 10.4 percent in February boosted expectations for a quarter point rate…


Swiss Suspend Bonus Payouts to Credit Suisse Staffers

GENEVA—Switzerland’s government said Tuesday that it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS. The Swiss Department of Finance says federal law allows the government to set “remuneration-related measures” in cases involving Switzerland’s biggest banks. Late last…


US Probes Reports of Steering Glitch on Newer Honda Civics

DETROIT—U.S. auto safety regulators are investigating complaints from Honda Civic drivers that their steering can stick, causing a momentary increase in effort and increasing the risk of a crash. The probe by the National Highway Traffic Safety Administration covers an estimated 238,000 Civics from the 2022 and 2023 model years. The agency says it has…


Microsoft Wins Dismissal of Gamers’ Suit Over $69 Billion Activision Deal

Microsoft Corp. on Monday won dismissal of a private consumer antitrust lawsuit over its $69 billion proposed purchase of “Call of Duty” maker Activision Blizzard Inc., but the plaintiffs were given 20 days to refine their legal challenge. A federal judge in San Francisco ruled that the lawsuit from a group of video game plaintiffs…


Texas Adds HSBC to Energy Sanctions List

A Texas official on Monday added HSBC Holdings to an energy sanctions list, widening a crackdown on companies which in the state’s view are too focused on energy transition. Republican-led U.S. states have alleged companies are prioritizing environmental, social and governance policies (ESG) over their financial responsibilities to their shareholders. The move could prohibit Texas’…


BlackBerry Signs up to $900 Million Patent Deal After Sale to Catapult Collapses

BlackBerry Ltd. said on Tuesday it would sell patents, primarily related to its mobile devices, for up to $900 million after the Canadian software company scrapped an earlier deal with Catapult IP Innovations Inc.. Malikie Innovations Ltd. will buy the patents and pay $170 million in cash on deal closing, and another $30 million three…


Kenyan Judge Temporarily Blocks Mass Layoff of Facebook Moderators

NAIROBI—A Kenyan judge on Tuesday temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the social media site’s parent company Meta, court documents show. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, preventing them from terminating the content moderators’…


PREMIERING NOW: The Boot of the State—Mark Chenoweth on Suing Federal Agencies and Ensuring the Separation of Powers

“Congress has to be the one that appropriates any funds from the treasury. That’s the power of the purse that Congress has. And if we lose that, then we’ll lose the country, because it has to be the elected representatives. If the executive is self-funding, then there’s just no ability to rein that in.” At…


The Boot of the State—Mark Chenoweth on Suing Federal Agencies and Ensuring the Separation of Powers

“Congress has to be the one that appropriates any funds from the treasury. That’s the power of the purse that Congress has. And if we lose that, then we’ll lose the country, because it has to be the elected representatives. If the executive is self-funding, then there’s just no ability to rein that in.” At…


PREMIERING 7:30PM ET: The Boot of the State—Mark Chenoweth on Suing Federal Agencies and Ensuring the Separation of Powers

“Congress has to be the one that appropriates any funds from the treasury. That’s the power of the purse that Congress has. And if we lose that, then we’ll lose the country, because it has to be the elected representatives. If the executive is self-funding, then there’s just no ability to rein that in.” At…