REUTERS-LEGAL
Tesla’s governance autopilot heads for disaster
NEW YORK, May 17 (Reuters Breakingviews) – Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the …
UnitedHealth lifts profit outlook as slow elective-care recovery cuts costs
July 15 (Reuters) – UnitedHealth Group Inc (UNH.N) on Friday raised its annual profit forecast for a second straight quarter, as a slow recovery in non-urgent medical procedures and lower COVID-care costs help it rein in medical expenses. Shares of the largest U.S. healthcare company by market value rose 4.5% in morning trade, providing the …
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …
Jury acquits only Louisville officer charged in Breonna Taylor raid
March 3 (Reuters) – A Kentucky jury on Thursday acquitted a white former detective of endangering neighbors of Breonna Taylor during a botched raid that killed the Black woman in her home, clearing law enforcement of all criminal liability in a case that rocked the United States in 2020. Detective Brett Hankison, 45, whose stray …
Former Ghosn deputy set for U.S. return after suspended sentence
Greg Kelly, former executive of Nissan Motor Co., walks in to the Tokyo District Court, in Tokyo, Japan, March 3, 2022. Zhang Xiaoyu/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register TOKYO, March 3 (Reuters) – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence …
Breakthrough gene-editing technology belongs to Harvard, MIT -U.S. tribunal
The Harvard College arms sits atop a gate into Harvard Yard at Harvard University in Cambridge, Massachusetts January 20, 2015. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – A U.S. tribunal overseeing patent disputes ruled on Monday that patents on the breakthrough gene-editing technology known as CRISPR belong …
Breaking up Big Tech in focus as new U.S. antitrust bills introduced
The U.S. Capitol is seen at sunrise. Washington, U.S. January 11, 2021. REUTERS/Erin Scott A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of …
U.S. officials up pressure on firms, foreign adversaries over cyberattacks
U.S. officials on Sunday ratcheted up pressure on companies and foreign adversaries to fight cybercriminals, and said President Joe Biden is considering all options, including a military response, to counter the growing threat. The Biden administration is looking at “all of the options,” to defend the country against ransomware criminals, U.S. Commerce Secretary Gina Raimondo …
Daimler to pay Nokia patent fees, ending German legal spat
Daimler (DAIGn.DE) has agreed to pay Nokia (NOKIA.HE) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies. Nokia, which makes 1.4 billion euros ($1.7 billion) in licensing revenues every year, and carmaker Daimler had sued each other in German courts in recent years, …
