South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in prison for bribery Businessmen have been convicted in the scandal that killed a president S. Korea says leaders must help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korean President Yoon Suk-yeol has pardoned Samsung Electronics (005930.KS) On Friday, … Read more

Elon Musk Files Sealed Countersuit Against Twitter Over $44 Billion Deal

WILMINGTON, Delaware, July 29 (Reuters) – Elon Musk has hit back at Twitter Inc. (TWTR.N) Friday, stepping up its legal fight against the social media company over its attempt to walk away from the $44 billion purchase, though the lawsuit was filed confidentially. While the 164-page document was not available to the public, under court … Read more

Spirit ends sale to Frontier as talks with JetBlue continue

July 27 (Reuters) – Spirit Airlines Inc. (SAVE.N) reversed its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) Wednesday after Spirit shareholders balked at backing it, leaving JetBlue Airways Corp (JBLU.O) with an opening to make a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder vote … Read more

Wall St rises on Microsoft and Alphabet earnings as Fed decision looms

Microsoft and Alphabet earnings trigger megacap stock rally T-Mobile up after raising subscriber growth forecast Fed policy decision expected at 2 p.m. ET Indices: Dow 0.39%, S&P 1.47%, Nasdaq 2.72% July 27 (Reuters) – The tech-heavy Nasdaq jumped nearly 3% on Wednesday, leading major Wall Street indexes higher as upbeat quarterly reports from Microsoft and … Read more

Sixth boy charged in Central Park jogger case is exonerated

NEW YORK, July 25 (Reuters) – A long-ignored co-defendant of the Central Park Five, a group of black and Latino teenagers wrongfully convicted of the 1989 rape of a white jogger on the basis of false confessions, has been exonerated from a related conviction by a New York judge on Monday. Steven Lopez was 15 … Read more