Business

Exclusive-Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say

Friday, August 14 by SRN News

By Anirban Sen NEW YORK, Aug 14 (Reuters) - Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and other tech stocks that were battered by the market selloff, according to two people familiar with the... Read More.

Maryland tax court voids digital ad tax, orders refunds to Apple, Google and Peacock TV

Friday, August 14 by SRN News

ANNAPOLIS, Md. (AP) - A Maryland state tax court has struck down the state's first-in-the-nation tax on digital advertising and ordered state officials to repay the tax money already collected from big tech firms. The Maryland Tax Court said the tax violates the federal... Read More.

US civil rights agency denies issuing order halting all federal class discrimination complaints

Friday, August 14 by SRN News

NEW YORK (AP) - A civil rights agency accused of halting a sexual harassment case of behalf female prison guards is now blaming an administrative judge for doing so in error. A labor union and two female prison guards sued the Equal Employment Opportunity Commission,... Read More.

Jana Partners cuts stake in Fiserv, filing shows

Friday, August 14 by SRN News

Aug 14 (Reuters) - Jana Partners cut its stake in payments company Fiserv by roughly 17% in the second quarter, a regulatory filing with the U.S. Securities and Exchange Commission showed on Friday. In late July, the activist investor ratcheted up pressure on the company,... Read More.

Hanwha, Fincantieri shares rise after Trump opens Navy shipbuilding to foreign yards

Friday, August 14 by SRN News

By Mike Stone WASHINGTON, Aug 14 (Reuters) - Shares of South Korea's Hanwha Group and Italy's Fincantieri rose on Friday after President Donald Trump's directive opening U.S. Navy shipbuilding to overseas yards. The companies have the largest U.S. shipyard footprints. Hanwha Ocean Co stock climbed 5.6%... Read More.

US SEC to keep hands off shareholder proposals, worrying activists

Friday, August 14 by SRN News

By Ross Kerber Aug 14 (Reuters) - The top U.S. financial regulator on Friday made permanent its decision to cease judging whether companies may exclude shareholder resolutions from votes at annual meetings, leaving investor activists concerned about diminishing influence. In practice, the change announced by the... Read More.

Berkshire buys more Alphabet, which becomes its third-largest stock investment

Friday, August 14 by SRN News

Aug 14 (Reuters) - Berkshire Hathaway said on Friday it boosted the size of its investment in Alphabet by 83% in the second quarter, making the parent of Google and YouTube its third-largest stock holding. Berkshire said in a regulatory filing that it owned nearly... Read More.

SEC proposes easing ‘pay-to-play’ rules for investment advisers

Friday, August 14 by SRN News

By Pritam Biswas Aug 14 (Reuters) - The U.S. Securities and Exchange Commission proposed easing regulations that bar investment advisers from managing public pension funds after making political contributions to state and local officials. The regulator on Wednesday submitted the proposal to the White House... Read More.

Canada autoworker union: Stellantis considering sale of Canada plant

Friday, August 14 by SRN News

By Kalea Hall DETROIT, Aug 14 (Reuters) - Unifor, the union representing Detroit Three autoworkers in Canada, said this week it received a notification from Stellantis that it is considering the sale of its Brampton, Ontario, plant. Brampton was closed for retooling in 2024. It... Read More.

Pull up to the window, please, for a glimpse of an American icon: The drive-thru

Friday, August 14 by SRN News

WASHINGTON (AP) - Full disclosure: this should really be two tales. How better to pay tribute to the natural and perhaps inevitable combination of two distinctly American icons: fast food and cars? Those two massive sociological forces had already joined up, Voltron-style, early in the... Read More.

Current Weather

Exclusive-Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say

Maryland tax court voids digital ad tax, orders refunds to Apple, Google and Peacock TV

US civil rights agency denies issuing order halting all federal class discrimination complaints

Jana Partners cuts stake in Fiserv, filing shows

Hanwha, Fincantieri shares rise after Trump opens Navy shipbuilding to foreign yards

US SEC to keep hands off shareholder proposals, worrying activists

Berkshire buys more Alphabet, which becomes its third-largest stock investment

SEC proposes easing ‘pay-to-play’ rules for investment advisers

Canada autoworker union: Stellantis considering sale of Canada plant

Pull up to the window, please, for a glimpse of an American icon: The drive-thru

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