Business – Page 645 – Freedom 96.9

US judge says Bank of America’s alleged ‘reckless disregard’ supports Epstein lawsuit

Thursday, February 12 by SRN News

By Jonathan Stempel NEW YORK, Feb 11 (Reuters) - A U.S. judge on Wednesday said accusations Bank of America recklessly disregarded information that the late financier Jeffrey Epstein engaged in sex trafficking were sufficient to let a proposed class action lawsuit proceed. U.S. District Judge Jed... Read More.

IRS privacy breach: Taxpayer data wrongly shared with DHS, court filing says

Thursday, February 12 by SRN News

WASHINGTON (AP) - The IRS erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, as part of the agencies' controversial agreement to share information on immigrants for the purpose of identifying and deporting people illegally in the U.S,... Read More.

More investors join legal challenge against South Korea over Coupang data leak handling

Thursday, February 12 by SRN News

Feb 11 (Reuters) - Three more investors have joined Greenoaks and Altimeter in their legal challenge against the government of South Korea, alleging discriminatory treatment of e-commerce firm Coupang and other U.S. companies. Abrams Capital, Durable Capital Partners, and Foxhaven have notified South Korea to... Read More.

Asian stocks at record high, US jobs data buoys yields, dollar

Thursday, February 12 by SRN News

By Ankur Banerjee SINGAPORE, Feb 12 (Reuters) - Asian stocks rose to a record high on Thursday, while the dollar firmed a touch against most currencies except the yen after stronger-than-expected U.S. jobs data dented near-term rate cut expectations, setting the stage for the inflation... Read More.

Australia’s South32 HY profit beats estimates, trims production view for Brazil operations

Wednesday, February 11 by SRN News

Feb 12 (Reuters) - Australian diversified miner South32 reported higher first-half profit and beat analysts' estimates on Thursday, boosted by higher commodity prices, while trimming the annual production view for its aluminium operations in Brazil. Its underlying earnings attributable was $435 million for the half-year... Read More.

Morgan Stanley CEO Ted Pick’s pay rises 32% to $45 million

Wednesday, February 11 by SRN News

Feb 11 (Reuters) - Morgan Stanley said on Wednesday it had approved $45 million for CEO Ted Pick's total compensation for 2025, up from $34 million in 2024. Morgan Stanley's CEO pay rose 32% compared to his first year in the top job. In a... Read More.

Brazil mulls assigning beef export quotas for exporters dealing with China, official says

Wednesday, February 11 by SRN News

By Roberto Samora and Ana Mano SAO PAULO, Feb 11 (Reuters) - The Brazilian government may assign individual export quotas for domestic beef companies selling products to China, Luis Rua, trade secretary at Brazil's ministry of agriculture, said in an interview on Wednesday. The measure is... Read More.

Analysis-Why Japan’s emboldened PM won’t toy with risks of a weak yen

Wednesday, February 11 by SRN News

By Leika Kihara TOKYO, Feb 12 (Reuters) - Japanese Prime Minister Sanae Takaichi's landslide election win has given fresh impetus to her economic stimulus agenda but the risk of destabilising yen declines remains one firm check on her push for low interest rates. The emphatic victory... Read More.

MercadoLibre’s platform to sell, store products of Brazil food retailer Assai

Wednesday, February 11 by SRN News

SAO PAULO, Feb 11 (Reuters) - MercadoLibre will begin selling products from Brazilian food retailer Assai on its e-commerce platform starting in late March, the firms said on Wednesday, with the Uruguay-based company also storing and delivering the goods. The move is the latest by... Read More.

Trading Day: Payrolls surprise, another yen rise

Wednesday, February 11 by SRN News

ORLANDO, Florida, Feb 11 (Reuters) - Wall Street wobbled and Treasury yields rose on Wednesday following the release of stronger-than-expected U.S. jobs data, while Japan's yen extended its strong post-election rally for a third day. In my column today, I look at U.S. workers'... Read More.

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