By Jody Godoy ALEXANDRIA, Virginia (Reuters) – A Google executive told colleagues the goal for the company’s then-nascent online advertising business in 2009 was to “crush” rival advertising networks, according to evidence prosecutors presented at the tech titan’s antitrust trial on Wednesday. The statements underscored the U.S. Department of Justice’s claim that Google has sought…
By Arsheeya Bajwa (Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp’s stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks. Under CEO Arvind Krishna, IBM has focused on acquisitions…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle. The greenback firmed against…
SEOUL (Reuters) -North Korea “most strongly denounces” the declaration at the recent NATO summit, KCNA said on Saturday, citing the country’s foreign ministry spokesperson. Leaders of NATO countries stressed a membership pledge for Ukraine and took a stronger stance on China’s support for Russia in a declaration this week at a summit in Washington. “The…
By Gram Slattery and David Shepardson YORK, Pennsylvania (Reuters) -Republican presidential candidate Donald Trump pledged on Monday to rescind a Biden administration rule limiting power plant pollution, and reiterated a promise to block Nippon Steel’s planned purchase of U.S. Steel. In the most detailed economic remarks he has offered on the campaign trail so far,…
CAIRO (Reuters) -Yemen’s Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza. In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group…
By Patrick Wingrove (Reuters) – AbbVie’s top-selling arthritis drug Humira has held onto more than 80% of patients after facing nine lower-priced rivals in the U.S. in the last year, raising questions about whether the market for prescription biosimilars can survive in its current form, drug pricing experts and analysts say. Humira, which lists for…
By Granth Vanaik (Reuters) – Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter. The San Francisco-based company has seen its stock claw back its value, after falling over…
By Sabine Siebold BERLIN (Reuters) – Scrambles of NATO jets to intercept Russian aircraft approaching allied airspace over the Baltic Sea region went up 20% to 25% in the first quarter of 2024, a NATO source said on Thursday, with the increased Russian activity likely due to a hike in NATO drills. The source declined…
