Tag: CLJ
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Manchin threatens to sue US Treasury over EV tax credit rules
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he could go to court after the US Treasury Department released guidelines on battery procurement for electric vehicle tax credits later this week. “If it goes off the rails” and goes against the intent of climate legislation passed in August, “I […]
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Adidas withdraws its opposition to Black Lives Matter’s three-stripe design
March 29 (Reuters) – Sportswear manufacturer Adidas AG (ADSGn.DE) turned down Wednesday 48 hours after the request to the US Trademark Office to reject a Black Lives Matter application for a trademark with three parallel stripes. “Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” […]
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JPMorgan’s Jamie Dimon to be impeached in Epstein case, prosecutors’ attorney says
March 28 (Reuters) – JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, said a lawyer who involved in the trial on Tuesday. The statement is expected to come out in early May, according […]
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St. Louis is suing Hyundai and Kia for auto theft, joining other US cities
WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said Monday it is joining several major US cities in suing Korean automakers Hyundai Motor (005380.KS) and Kia Corp (000270.KS) over the not installing anti-theft technology in millions of their vehicles. The lawsuit filed in U.S. District Court in Missouri follows similar actions by […]
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Australia’s Latitude Group says 7.9 million driver’s license numbers have been stolen in data theft
Data theft far greater than declared on March 16 Driver’s license, passport numbers, customer data stolen Shares fall 2.5% March 27 (Reuters) – Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) said hackers stole nearly 8 million Australian and New Zealand driver’s license numbers in one of the country’s largest confirmed data breaches, sending […]
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Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse
March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]
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Walgreens will not provide abortion pills in some Republican states
March 2 (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Thursday it will not provide abortion pills in the states of 20 Republican attorneys general who have told the pharmacy chain it risks breaking the law if it meets the law states provided by mail. The decision comes after the U.S. Food and Drug […]
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Starbucks CEO Schultz may be ordered to testify at the U.S. Senate labor hearing
WASHINGTON, March 2 (Reuters) – U.S. Senator Bernie Sanders declined Thursday to backtrack on calls for Starbucks Corp. (SBUX.O) interim Chief Executive Officer Howard Schultz, who steps down this month, to testify at a hearing on compliance with labor law. Starbucks reiterated Thursday that it has no plans to send Schultz to a U.S. Senate […]