The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
RIO DE JANEIRO, May 2 (Reuters) - Brazilian miner Vale SA , the world's biggest iron ore producer, has taken legal action to force a German inspection firm to provide documents on its services for the Brumadinho dam that could help to establish who was responsible for the disaster.
TÜV SÜD audited the tailings dam before its collapse in January which killed nearly 300 people.
In a court filing seen by Reuters on Thursday, Vale asked a court to authorize access to all the documents related to that audit, arguing that if the German company had not fulfilled its contract it could be held responsible.
Vale cited a statement given to federal police by TÜV SÜD employee Makoto Mamba in which he alleged he had been "pressured" by the miner to sign a report validating the stability of the Brumadinho dam so that planned work on the dam's structure could proceed.
"The finger pointed by the TÜV SÜD technician in fact points to no one but himself," Vale lawyers Sergio Bermudes Advogados said in the request to a Rio de Janeiro court filed on Tuesday.
TÜV SÜD declined to comment.
The tailings dam at Vale's Corrego do Feijao iron ore mine burst on Jan. 25, releasing a torrent of mining waste that buried workers and local residents in the nearby town of Brumadinho.
An internal Vale document seen by Reuters in February showed that the company knew last year that the dam had a heightened risk of rupturing.
The report, dated Oct. 3, 2018, classified the dam in the state of Minas Gerais as being two times more likely to fail than the maximum level of risk tolerated under internal guidelines. The document showed Vale itself was concerned about the safety of the dam and raised questions as to why the independent audit guaranteed the dam's stability. (Reporting by Marta Nogueira; Writing by Anthony Boadle; Editing by Richard Chang)