Business

Jury says The New York Times defamed Alabama basketball player with incorrect story about shooting

Thursday, August 20 by SRN News

TUSCALOOSA, Ala. (AP) - An Alabama jury on Thursday awarded $9.25 million in damages after finding that The New York Times defamed a college basketball player by incorrectly reporting that he was at the scene of a fatal shooting in Tuscaloosa. Kai Spears, who... Read More.

Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source

Thursday, August 20 by SRN News

SEOUL, Aug 21 (Reuters) - Samsung Electronics plans to hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter told Reuters, after media reports said the plan could be worth more than $70 billion.... Read More.

T. Rowe Price agrees to acquire fixed income asset manager F/m Investments

Thursday, August 20 by SRN News

By Suzanne McGee PROVIDENCE, RHODE ISLAND, Aug 20 (Reuters) - T. Rowe Price has agreed to acquire F/m Investments, a move that would more than double its assets invested in fixed-income exchange-traded funds, the two firms said on Thursday. The transaction is the second acquisition of... Read More.

Abbott agrees to $670 million settlement of infant formula cases

Thursday, August 20 by SRN News

By Dietrich Knauth Aug 20 (Reuters) - Abbott said on Thursday it reached a $670 million settlement with three law firms to resolve legal claims by 2,000 people who alleged harms relating to the company's specialty formulas for preterm infants. The settlement includes one large case... Read More.

Ross Stores raises annual profit forecast again on discounted apparel demand

Thursday, August 20 by SRN News

By Neil J Kanatt Aug 20 (Reuters) - Value retailer Ross Stores raised its profit forecasts on Thursday after reporting better-than-expected second-quarter results, signaling that demand for discounted apparel and accessories remains resilient in an uncertain economy. Shares of the company rose about 7% in extended... Read More.

Trading Day: Can’t get no relief

Thursday, August 20 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - That didn't last long. U.S. bond yields rose on Thursday, retracing much of the previous day's decline on Treasury's surprise buyback announcement and pushing Wall Street to a two-week low. Another rise in oil prices, and... Read More.

Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Thursday, August 20 by SRN News

WASHINGTON (AP) - Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve's commitment to... Read More.

The Media Line: President Trump Declares ‘Economic D-Day’ Against Iran, Threatens Countries Providing Tehran a Lifeline

Thursday, August 20 by SRN News

President Trump Declares 'Economic D-Day' Against Iran, Threatens Countries Providing Tehran a Lifeline By The Media Line Staff President Donald Trump declared an "Economic D-Day" against Iran, announcing what he described as an unprecedented campaign of economic warfare and... Read More.

The Media Line: Africa Has a Free-Trade Deal. Now Comes the Hard Part

Thursday, August 20 by SRN News

Africa Has a Free-Trade Deal. Now Comes the Hard Part National customs systems, unfinished legal rules and incompatible payment networks still obstruct routine trade across the continent By Steven Ganot / The Media Line Africa's attempt to build a continent-wide market is... Read More.

Cash-hungry college sports programs are starting nonprofits to make money to stay competitive

Thursday, August 20 by SRN News

NEW YORK (AP) - University of Louisville athletic director Josh Heird says there is no "silver bullet" that will help his department's current revenue race. To compete in the increasingly commercialized world of college sports, programs of its size might spend more than $40 million... Read More.

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Jury says The New York Times defamed Alabama basketball player with incorrect story about shooting

Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source

T. Rowe Price agrees to acquire fixed income asset manager F/m Investments

Abbott agrees to $670 million settlement of infant formula cases

Ross Stores raises annual profit forecast again on discounted apparel demand

Trading Day: Can’t get no relief

Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

The Media Line: President Trump Declares ‘Economic D-Day’ Against Iran, Threatens Countries Providing Tehran a Lifeline

The Media Line: Africa Has a Free-Trade Deal. Now Comes the Hard Part

Cash-hungry college sports programs are starting nonprofits to make money to stay competitive

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