April 18- Japan has extradited a father and son to the United States to face charges in Las Vegas over their alleged roles in a $1.5 billion Ponzi scheme that bilked thousands of Japanese residents. The U.S. Department of Justice on Thursday announced the extradition of Junzo Suzuki and Paul Suzuki five months after the conviction of Edwin Fujinaga, the former...
April 10- U.S. lawmakers proposed a bill on Wednesday that would require major tech companies to detect and remove any discriminatory biases embedded in their computer models, underscoring Washington's growing interest in regulating Silicon Valley. Senator Cory Booker and Representative Yvette Clarke, both Democrats, joined Wyden in introducing the bill,...
WASHINGTON, April 5- President Donald Trump, hammering on a favorite theme, proposed another idea on Friday for cracking down on what he describes as a crisis of undocumented immigration and drug trafficking on the U.S.- Mexico border. Praising Mexico for moving recently against drug traffickers, Trump said, "If they continue that, everything will be fine.
BOSTON, April 2- Massachusetts gaming regulators on Tuesday released an investigative report concluding that former executives of Wynn Resorts Ltd concealed sexual misconduct allegations against the casino operator's billionaire founder, Steve Wynn. The Massachusetts Gaming Commission released the report at the start of a three-day hearing focused...
The engineer, Guangzhi Cao, copied more than 300,000 files related to Autopilot source code as he prepared to join China's Xiaopeng Motors Technology Company Ltd, the Silicon Valley carmaker said in the lawsuit filed in a California court. Separately, Tesla lawyers on Wednesday filed a lawsuit against four former employees and U.S. self-driving car startup...
NEW YORK, March 18- The streaming digital sports service ESPN+ will become the exclusive distributor of pay-per-view events for the Ultimate Fighting Championship in the United States, the companies announced on Monday. The events will begin on April 13, almost exactly a year since parent company Walt Disney Co launched ESPN+ to retain viewers as traditional...
March 14- Apple Inc on Thursday launched a television advertising campaign promoting its stance on data privacy, seeking to differentiate itself from tech industry rivals such as Alphabet Inc's Google and Facebook Inc that have become the target of regulatory scrutiny over the issue. TV stations Thursday and run throughout the National Collegiate...
*China shares jump after central bank pledges support. NEW YORK, March 11- Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite. U.S. stocks followed strong gains in Europe...
*China shares surge after central bank pledges support. *Oil gains as Saudi minister stands by OPEC cuts. NEW YORK, March 11- Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk...
NEW YORK, March 8- The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say, but any hints of a sustained downturn could sink shares. Yet a survey from the National...
NEW YORK, March 8- The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say, but any hints of a sustained downturn could sink shares. Yet a survey from the National...
March 1- U.S. casino operator Caesars Entertainment Corp has struck a deal with investor Carl Icahn that appoints three new directors to its board, although the billionaire hedge fund manager continues to press for a sale of the company. Caesars said it had appointed Keith Cozza, Courtney Mather and James Nelson to its board effectively immediately.
BOSTON, Feb 26- Nevada casino regulators said on Tuesday they had fined Wynn Resorts Ltd $20 million in a settlement with the company involving misconduct claims against former chief executive Steve Wynn. The casino company, which has operations in Las Vegas and Macau, said the conclusion of the review by the Nevada Gaming Commission was a step forward for the...
The companies will collect data from Exxon's wells and other production assets in the Permian Basin of West Texas and New Mexico, where the world's largest publicly traded oil and gas company holds 1.6 million acres, and make it immediately accessible to Exxon workers. Exxon has pledged to increase its Permian Basin production to 600,000 barrels of oil...
CHICAGO, Feb 21- Jill Schlesinger got her start on Wall Street, and that is where she learned a lot of what she knows about the financial world. But she has built a career dishing out personal finance advice by pulling back the curtain on myths about investing, and showing how average people can make a solid plan for retirement. Schlesinger reports on business for CBS...
SAN FRANCISCO, Feb 8- When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. Some 150 employees out of a team of about 230 were let go in January at the Las Vegas facility that gets tens of thousands of Model 3 s into the hands of U.S. and Canadian buyers, they said, in a sign the company expected the...
*Germany's DAX leads swoon in Europe equities. NEW YORK, Feb 7- Stocks around the world pulled back sharply on Thursday on fears of a global growth slowdown spreading to Europe and renewed worries about any near-term resolution of U.S.- China trade tensions, while the U.S. dollar strengthened for a sixth session. Germany's DAX stock index tumbled 2.7 percent as...
*Trump-Xi unlikely to meet before March 2 trade deadline. Feb 7- U.S. stocks sank over 1 percent to session lows on Thursday on fears that the United States and China would not be able to reach a trade deal with less than a month left in their fragile truce, adding to worries about a slowdown in global growth. That came minutes after White House adviser Larry Kudlow told...
LAS VEGAS, Jan 25- Entrepreneur and fashion designer Anna Taylor is trying to bring back the corset-- not to revive Victorian lingerie but to give women a place to carry their handguns. Gun sales have declined since peaking in 2016, with companies like Remington Outdoor Company Inc going through bankruptcy reorganization last year, but the women's share of the...
HOUSTON, Jan 16- Buoyed by concluding a big pay raise for steel workers last month, a United Steelworkers union top negotiator squares off on Wednesday against oil companies seeking to win a 24 percent wage hike for 30,000 refinery and chemical employees. The union's co-negotiator, USW International Vice President Tom Conway, is a 6- foot-tall former Bethlehem...
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