By Jonathan Stempel (Reuters) -A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, in a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms. In a 10-1 decision, the 9th U.S. Circuit Court of Appeals in San Francisco said the Canadian e-commerce company…
WASHINGTON (Reuters) -U.S. President Donald Trump is set to meet with representatives from major retailers on Monday afternoon to discuss the effects of broad-based tariffs on their businesses, a White House official said. The official, speaking on the condition of anonymity, confirmed a Bloomberg report that said the meeting at the White House will include…
(Reuters) -Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday. The money, plus 4% interest annually, will be paid out over six years under the terms of the agreement. Walgreens will…
By Chris Prentice and Saeed Azhar NEW YORK (Reuters) -U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services , paving the way for the combined firms to become the nation’s eighth-largest bank. The deal has been closely watched by financial executives, who see it as a litmus…
WASHINGTON (Reuters) – The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that the latest leader of the agency had been installed without his knowledge and at the behest of billionaire Elon Musk, the New York Times reported on Friday. The report…
(Reuters) -San Francisco Federal Reserve President Mary Daly said on Friday that while she is still comfortable with a couple of interest rate cuts this year, rising risks of inflation mean the central bank may need to do less, especially given that uncertainty over President Donald Trump’s trade policy has so far done little to…
By Chris Prentice NEW YORK (Reuters) – Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump’s tariffs, a spokesperson said on Friday. Volvo Group North America said in a statement…
WASHINGTON (Reuters) – Apple CEO Tim Cook spoke with U.S. Commerce Secretary Howard Lutnick last week about the potential impact of President Donald Trump’s tariffs on iPhone prices, the Washington Post reported on Thursday, citing two people familiar with the phone call. Trump last week granted tariff exclusions to smartphones, computers and some other electronics…
(Reuters) – Applied Digital reported third-quarter revenue below Wall Street estimates on Monday due to a slowdown in the datacenter hosting business, sending shares of the company down 11% in extended trading. The data center operator said its board has approved plans for a potential sale of the cloud services business segment, as it looks…
(Reuters) – A U.S. judge has ruled that Google illegally monopolized digital advertising markets, paving the way for a break up of the internet empire that was started out of a Stanford University dormitory nearly 27 years ago. Google’s platform for advertisers, closely tied to the online search unit, is a core driver of its…
