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Colorado drops out of states' fight to stop Sprint, T-Mobile merger
Today, 16:15
WASHINGTON (Reuters) - Colorado has decided to drop out of an effort by state attorneys general to T-Mobile US's (O:TMUS) merger with Sprint (N:S) in exchange for 2,000 jobs, the Colorado attorney general's office said in a statement. The lawsuit led by New York against the firms and their parent companies Softbank Group Corp (T:9984) and Deutsche Telekom AG (DE:DTEGn), argues the deal will hike consumer prices. A trial date has been ..
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Former jailed Halkbank executive named GM of Turkey's bourse
Today, 16:12
ANKARA (Reuters) - The former jailed executive at Turkey's state-owned Halkbank (IS:HALKB), Hakan Atilla, was named general manager at the Istanbul stock exchange, Finance Minister Berat Albayrak said on Monday. Atilla was sentenced to 32 months in a U.S. prison following his conviction for helping Iran evade U.S. sanctions. He was released and returned to Turkey earlier this year. At the time of Atilla's conviction, Turkish President ..
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Deutsche Bank plans job cuts of at least 10% in rates unit: Bloomberg
Today, 16:09
(Reuters) - Deutsche Bank AG (DE:DBKGn) said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender's sweeping revamp in July, Bloomberg reported on Monday. The bank will likely cut a low double-digit percentage of jobs at the business, which employs several hundred staff, Bloomberg said, adding no final decision had ..
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Forex- Pound Under Pressure as Speaker Rules out a Second Brexit Bill Vote
Today, 16:06 - Sterling was under pressure on Monday after Speaker of the House of Commons John Bercow said there would be no vote on the latest Brexit deal as Prime Minister Boris Johnson had hoped. The deal was effected defeated over the weekend with the approval of an amendment and Bercow said voting on the matter on Monday would be "repetitive and disorderly to do so" as it is the same in substance as the vote on Saturday. GBP/USD inched up ..
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Oil Prices Tumble Again on Oversupply Fears
Today, 16:03 -- Crude oil prices tumbled again on Monday amid ongoing fears of looming oversupply in a world economy that is slowing sharply. By 10:12 AM ET (1412 GMT), U.S. West Texas Intermediate futures were quoted down 84 cents, or 1.6%, at $53.03 a barrel, while the international benchmark Brent was down 1.8% at $58.33 a barrel. Prices have now fallen by around $1.50 a barrel since their highs on Friday, hit as global markets priced in a ..
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'Pierre Delecto' Mitt Romney admits Twitter alter ego
Today, 15:15
(Reuters) - Republican Senator Mitt Romney has admitted to using a secret Twitter account under the pseudonym "Pierre Delecto" to follow politicians, journalists and fan accounts for himself, Slate Magazine reported. Romney mentioned his use of the secret account in a profile published in the Atlantic on Sunday, referring to himself as a "lurker" for surreptitiously following the political conversation on social media. After a Slate reporter ..
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Avast target of cyber-security attack, company and Czech counterintelligence say
Today, 15:12
PRAGUE (Reuters) - Czech-based Avast and Czech counterintelligence service BIS said on Monday they had detected a network attack on the cyber-security company which the BIS suspected of originating in China. Avast said in a blog post that it found suspicious behavior on its network on Sept. 23 and opened an investigation involving the BIS and Czech police along with an external forensics team. The BIS said in a statement that - with contribution ..
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Supreme Court tosses challenge to Republican-drawn Michigan electoral maps
Today, 15:09
By Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Monday threw out a challenge to Republican-drawn electoral districts in Michigan that Democrats said were illegally configured to dilute their voting power, an action taken in the aftermath of major rulings by the justices in June prohibiting federal courts from hearing such claims. The Supreme Court's action voided an order in April by a three-judge panel to rework 34 ..
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WikiLeaks founder Assange appears confused at extradition hearing
Today, 15:06
By Andrew MacAskill LONDON (Reuters) - WikiLeaks founder Julian Assange appeared confused at a London court hearing on Monday, struggling to recall his name and age in his first public appearance in months as he sought to fight his extradition to the United States. Assange, 48, who spent seven years holed up in Ecuador's embassy before he was dragged out in April, faces 18 counts in the United States including conspiring to hack government ..
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India's Infosys U.S. listed shares plunge after whistleblower complaints
Today, 15:03
BENGALURU (Reuters) - U.S.-listed shares of Infosys Ltd (N:INFY) (NS:INFY) fell nearly 16% in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging "unethical practices" by the company's executives. The company issued a statement after The Economic Times reported ..
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