U.S. sues Oracle, alleges salary and hiring discrimination
(Reuters) – The U.S. Labor Department has sued Oracle America Inc, alleging that the technology company systematically paid its white, male employees more than other workers and unlawfully favored Asian applicants in its recruiting and hiring efforts.
U.S. to probe whether Fujifilm violating Sony magnetic tape patents
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Wednesday it had launched on investigation into whether Fujifilm Holdings Corp was violating patents which Sony Corp holds for certain magnetic tape cartridges.
Facebook dismissive of censorship, abuse concerns, rights groups allege
WASHINGTON (Reuters) – Nearly 80 rights groups on Wednesday accused Facebook of “racially biased censorship” and failing to be more transparent about its removal policies and cooperation with law enforcement, adding to criticism the company has faced…
OPEC sees smaller oil glut in 2017 but flags U.S. shale recovery
LONDON (Reuters) – OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the exporter group’s output slips from a record high ahead of a deal to cut supply and outside producers show positive initial signs of complying with the accord.
General Motors to pay $1 million to resolve SEC accounting case tied to ignition switch
NEW YORK (Reuters) – General Motors Co has agreed to pay $1 million to resolve a U.S. Securities and Exchange Commission accounting case related to a faulty ignition switch linked to 124 deaths and 275 injuries, the regulator said on Wednesday.
JPMorgan agrees to $55 million settle of mortgage discrimination complaint: source
NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $55 million to settle a U.S. Justice Department lawsuit accusing it of discriminating against minority borrowers by allowing mortgage brokers to charge them more for home loans, a person familiar with the matter said on Wednesday.
HSBC, UBS to shift 1,000 jobs each from UK in Brexit blow to London
DAVOS, Switzerland (Reuters) – Two of Europe’s biggest banks warned on Wednesday they could each move around 1,000 jobs out of London, in the clearest sign yet of how financial firms are preparing for disruption caused by Britain’s exit from the Europe…
Higher gasoline, rental costs boost U.S. consumer inflation
WASHINGTON (Reuters) – U.S. consumer prices rose in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building.
Gates charity to sell 60 million Berkshire shares, as Buffett urged
(Reuters) – The foundation created by billionaire Bill Gates and his wife Melinda plans to sell 60 million Class B shares of Berkshire Hathaway Inc donated by Warren Buffett, reflecting the fellow billionaire’ s desire that proceeds be spent on charit…
U.S. banking regulator can sue banks over mortgage bonds: court
NEW YORK (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit by the Federal Deposit Insurance Corp against five banks including Credit Suisse Group AG stemming from their sale of mortgage-backed securities ahead of the 2008 financial crisi…
