New York court approves Verizon settlement over ‘merger tax’ objections
NEW YORK (Reuters) – A New York state appeals court on Thursday said its door remains open for settlements of merger litigation where shareholders receive no money, approving an accord tied to Verizon Communications Inc’s $130 billion buyout of Vodafo…
U.S. airline CEOs ask to meet with Tillerson on Gulf carriers
NEW YORK (Reuters) – The CEO’s of the three largest U.S. airlines have asked to meet with Secretary of State Rex Tillerson to discuss allegations that Gulf-state subsidies are allowing Emirates, Etihad Airways and Qatar Airways to expand rapidly, drive…
Madoff victims’ recovery tops $9.7 billion with new payout
(Reuters) – Bernard Madoff’s victims will soon recoup another $252 million from the trustee unwinding the swindler’s firm, boosting their total recovery to $9.72 billion.
Apple moves closer to iPhone assembly in India
MUMBAI (Reuters) – The government of the Indian state of Karnataka said on Thursday it welcomed a proposal from Apple Inc to begin initial manufacturing operations in the state, in a sign the tech company is slowly moving forward with plans to assemble…
Crowdfunding startup speeds U.S. launch thanks to Trump travel ban
NEW YORK (Reuters) – Widespread opposition to U.S. President Donald Trump’s immigration curbs has proved a boon for CrowdJustice, a startup that helps individuals and organizations raise money online to fund legal cases.
FCC to vote on advanced U.S. broadcast TV standards
WASHINGTON (Reuters) – The U.S. Federal Communications Commission is moving forward to advance a new broadcasting standard that would improve television picture quality, allow better access to programs via mobile phones and let broadcasters turn on a t…
Micron CEO Mark Durcan to retire
(Reuters) – Chipmaker Micron Technology Inc said Chief Executive Mark Durcan would retire.
Starbucks responds to criticism over refugee hiring blowback
(Reuters) – Starbucks Corp , facing backlash from some customers over its plans to hire refugees, said it would speed up its previously stated goal of hiring 10,000 veterans and military spouses by 2018.
Heckler & Koch says U.S. firm Orbital sues for damages
BERLIN (Reuters) – German gunmaker Heckler & Koch said U.S. aerospace and defense company Orbital ATK Inc has filed a suit in the United States seeking damages in excess of $27 million.
U.S. labor market tightening, productivity still weak
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should support the economy this year.
