(Reuters) -Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain, the crypto firm said on Thursday. The regulation of the industry has become a contentious issue as the sector’s biggest companies, including Coinbase Global, allege the SEC does not have jurisdiction on the…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US deal to buy Ka’ena Corp, the owner of budget service provider Mint Mobile, for up to $1.35 billion. The FCC cited T-Mobile’s voluntary agreement to implement a 60-day unlocking period for all Mint Mobile and Ultra…
(Reuters) – Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed. Tellurian had previously said that it was looking at all options, including a potential…
By Ross Kerber (Reuters) – European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S. A combination of factors likely contributed to the U.S. sustainable fund outflows during the first three…
WASHINGTON (Reuters) – U.S. bank regulators announced Wednesday they were extending the comment period on Capital One’s bid to acquire Discover Financial to allow more time for feedback. The public will now have until May 31 to weigh in on the pending $35 billion deal, which would create the sixth-largest bank and a payments giant….
By Deborah Mary Sophia (Reuters) – Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring…
By Nandita Bose WASHINGTON (Reuters) – Joe Biden’s reelection campaign plans to continue using TikTok, a campaign official said on Wednesday, shortly after the U.S. president signed into law a bill that would ban the app if its Chinese owner fails to divest it. The decision comes as many young and left-leaning voters, a significant…
By M. Sriram MUMBAI (Reuters) -Goldman Sachs has hired two senior bankers in India to cash in on growing dealmaking and investor interest in the South Asian country, three sources with direct knowledge told Reuters on Wednesday. Sunil Khaitan will be Goldman’s India head of financing and Kamna Sahni India head of Mergers & Acquisitions…
(Reuters) -Apple will hold an event on May 7, the company said on Tuesday, amid reports that it would roll out the long-anticipated revamped versions of iPad Pro and iPad Air next month. The Cupertino, California-based company did not disclose details about the event that would start at 7 a.m. PT (2 p.m. GMT). Bloomberg…
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule that was struck down in court. The U.S. Department of Labor rule will require employers to pay overtime premiums to workers…
