June 27 (Reuters) – A U.S. judge has rejected Apple’s (AAPL.O) bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension… Continue reading Untitled
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Legalcategory
– O’Melveny & Myers asked a Manhattan federal judge to award more than $139 million in legal fees to American Airlines after its $1 trial victory in an antitrust case against Sabre. – Plaintiffs’ lawyers asked for an award of more than $181 million in legal fees as part of a $725 million data… Continue reading Legalcategory
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SEOUL, June 27 (Reuters) – When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory in China, an indictment by South Korean prosecutors alleges. Prosecutors announced the indictment on June 12,… Continue reading article with gallery
Israel’s Shin Bet spy service uses generative AI to thwart threats
TEL AVIV, June 27 (Reuters) – Israel’s Shin Bet security service has incorporated artificial intelligence into its tradecraft and used the technology to foil substantial threats, its director said on Tuesday, highlighting generative AI’s potential for law-enforcement. Among measures taken by the Shin Bet – the Israeli counterpart of the U.S. Federal Bureau of Investigations… Continue reading Israel’s Shin Bet spy service uses generative AI to thwart threats
Technologycategory
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Audi ex-boss becomes first VW board member sentenced over diesel scandal
[1/5]Rupert Stadler, former CEO of German car manufacturer Audi, stands in a regional court room and waits for the verdict in Munich, Germany, June 27, 2023. Matthias Schrader/Pool via REUTERS Summary Companies Stadler given suspended sentence, 1.1 mln euro fine First former VW board member sentenced for diesel scandal fraud Former exec, engineer also sentenced… Continue reading Audi ex-boss becomes first VW board member sentenced over diesel scandal
Lordstown Motors files bankruptcy, sues Foxconn
[1/2]A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo NEW YORK, June 27 (Reuters) – Lordstown Motors (RIDE.O) filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a… Continue reading Lordstown Motors files bankruptcy, sues Foxconn
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June 27 (Reuters) – What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest. The original crypto coin has leapt 20% to two-month highs at $30,182 over the past 11 days after BlackRock, the world’s largest… Continue reading Untitled
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[1/3]A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration OAKLAND, California, June 26 (Reuters) – Snowflake (SNOW.N) a cloud data analytics company, is partnering with computing company Nvidia (NVDA.O) to allow customers ranging from financial institutions to healthcare and retail to build… Continue reading article with gallery
US new vehicle sales set to gain in June, S&P Global Mobility says
June 26 (Reuters) – Sales of new vehicles in the United States are set to gain in June, helped by sustained demand for personal mobility, a study showed on Monday. “Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume… Continue reading US new vehicle sales set to gain in June, S&P Global Mobility says