Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late Tuesday, CEO Tim Höttges said at the company’s annual general meeting. “We have the majority and are the largest shareholder of the world’s most valuable […]
Search results for "U.S."
World stock indexes declined on Tuesday, with all three major U.S. stock indexes ending lower, while the U.S. dollar fell to a two-month low and Treasury yields eased after data suggested a cooling in the U.S. labor market. The U.S. Labor Department report showed U.S. job openings in February dropped to the lowest level in […]
Apple Inc lost a bid to register part of a federal trademark for “Apple Music” on Tuesday after a U.S. appeals court ruled for a jazz musician who challenged the tech giant’s application. The U.S. Court of Appeals for the Federal Circuit rejected Apple’s argument that it had priority over trumpeter Charlie Bertini’s “Apple Jazz” […]
Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday, creating an accounting issue that could impact insurers’ income. Interest maintenance reserves (IMRs) smooth insurers’ balance sheets by showing interest-related capital gains and losses on fixed-income assets, and amortizing […]
U.S. natural gas prices last week plunged to a 30-month low, crossing below $2 per million British thermal units (mmBtu) for the second time this year, even as some producers have cut drilling to stave off further convulsions. Since the start of the year, U.S. gas futures have collapsed by about 50%, a record drop […]
The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to slow with declines in manufacturing and construction spending. Data on Monday added to the narrative that the Federal Reserve is near the end of its rate-hike cycle. An announcement on Sunday of […]
A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc’s Google. The measure would allow news broadcasters and publishers with fewer than 1,500 full-time workers to jointly negotiate ad rates — many of which face financial struggles. One […]
Apple Inc persuaded a U.S. appeals court on Thursday to uphold a patent tribunal’s ruling that could imperil a $502 million verdict for patent licensing company VirnetX Inc in the companies’ long-running fight over privacy-software technology. The U.S. Court of Appeals for the Federal Circuit affirmed a decision from the U.S. Patent and Trademark Office […]
The tech ethics group Center for Artificial Intelligence and Digital Policy is asking the U.S. Federal Trade Commission to stop OpenAI from issuing new commercial releases of GPT-4, which has wowed some users and caused distress for others with its quick and human-like responses to queries. In a complaint to the agency on Thursday, which […]
U.S. criminal charges should be dropped against two former Societe Generale SA bankers for allegedly trying to rig the London interbank offered rate, prosecutors told a New York court on Wednesday. Muriel Bescond, a former head of Societe Generale SA’s Treasury desk in Paris, and her boss Danielle Sindzingre, who was SocGen’s global head of […]