
Big banks could face billions more in FDIC fees after bank collapses
The Federal Deposit Insurance Corporation's board of directors approved a proposal to raise the fees banks pay to have depositors' money insured.
2023-05-11 23:17

Sanguina Announces U.S. FDA-Clearance for AnemoCheck Home
PEACHTREE CORNERS, Ga.--(BUSINESS WIRE)--Oct 4, 2023--
2023-10-04 22:18

South African Visa Waiver Sought for Chinese, Indian Nationals
South Africa’s tourism minister is pushing for visa requirements to be eased or waived for Chinese and Indian
2023-10-28 14:19

Kia’s New EV Range Includes Cars That Can Turn Into Bedrooms
Kia Corp. unveiled a compact electric sport-utility vehicle and two concept EVs as it builds out a range
2023-10-12 15:58

Asia's factories squeezed as China's nascent recovery teeters
By Leika Kihara TOKYO Asia's manufacturers faced worsening pressure in October with factory activity in China slipping back
2023-11-01 11:26

Apple to open first online shop in Vietnam in a push to emerging market
Apple said on Friday it would open its first online store in Vietnam next week, as the iPhone
2023-05-12 12:30

Swiss Government Wants to Enshrine Cash in the Constitution
The Swiss government wants to enshrine the availability of cash in the constitution and will let citizens decide
2023-05-17 17:56

Mouser Electronics Awarded Third Consecutive Year for Excellence in E-Commerce Distribution by Omron
DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Jun 1, 2023--
2023-06-01 23:52

All Eyes on US, China as Shangri-La Defense Forum Starts
Defense officials from around the world arrived in Singapore Friday, with US-China tensions over Taiwan, chip curbs and
2023-06-02 12:59

US Faces $48 Trillion Moment of Truth This Decade, McKinsey Says
The US faces a $48 trillion moment of truth this decade that could see it lapsing into a
2023-05-24 12:16

US sues to block Xbox takeover of Call of Duty developer Activision Blizzard
The US Federal Trade Commission has sued to stop Microsoft buying Call of Duty developer Activision Blizzard. It is just the latest problem for the deal, which has already been blocked by UK regulators. If completed, it will become one of the largest takeovers ever – but has faced scrutiny from regulators around the world, who argue that it might cause problems for the gaming market. The FTC's Monday filing in a federal court in San Francisco seeks a restraining order and injunction to stop Microsoft's $69 billion purchase of the California gaming company behind hit franchises such as Call of Duty and World of Warcraft. Microsoft, maker of the Xbox game system, has been struggling to win worldwide approval for the deal with just over a month before the deadline to close it, according to the contract it signed with Activision. “We welcome the opportunity to present our case in federal court," said a statement Monday from Brad Smith, Microsoft's vice chair and president. "We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.” The FTC already took Microsoft to court to block the merger, but that was before the U.S. agency's in-house judge in a trial set to start on Aug. 2. That administrative process doesn't preclude the parties from closing the deal. The contract between Microsoft and Activision required the deal to close by July 18, but the FTC's latest action seeks to stop that from happening. “Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions," the FTC said in a statement Monday. "But Microsoft and Activision have not provided assurances that they will maintain that position. In light of that, and public reporting that Microsoft and Activision Blizzard are considering closing their deal imminently, we have filed a request for a temporary restraining order to prevent them from closing while review continues.” Microsoft's other main obstacle is in the United Kingdom, where antitrust regulators have also taken action to block the acquisition. The all-cash deal announced in January 2022 has been scrutinized by regulators around the world over fears that it would give Microsoft and its Xbox console control of Activision's hit franchises and give it an unfair boost in the emerging business of cloud-based game subscriptions. It could be the priciest tech industry merger in history. Fierce opposition has been driven by rival Sony, which makes the PlayStation gaming system. Microsoft sought to counter the resistance by striking a deal with Nintendo to license Activision titles like Call of Duty for 10 years and offering the same to Sony if the deal went ahead. European regulators representing the 27-nation bloc approved the deal last month on condition that Microsoft make some promises meant to boost competition in the cloud-based gaming market. A number of other countries, including China, Japan, Brazil and South Korea, have also approved it. But the blockbuster deal has remained in jeopardy because of the surprise April decision by the U.K.’s Competition and Markets Authority and the ongoing case in the U.S. Microsoft in late May filed an appeal of the British regulator's decision and has also voiced strong public opposition directed at top government officials. U.S.-based consumer advocacy group Public Citizen, an opponent of the deal, welcomed the FTC's move Monday. “Although the agency has already used its authority to block the merger through administrative proceedings, Microsoft is pushing to culminate the purchase of Activision before the agency can finish its process," said a statement from Public Citizen's competition policy advocate Matt Kent. ""By filing in federal court to enjoin the transaction, the FTC is showing that it won’t back down in the face of Microsoft’s escalatory tactics.” Additional reporting by Associated Press
2023-06-14 02:21

Biden in North Carolina to push clean energy agenda and promote order aiding military spouses
President Joe Biden is set to sign an executive order aiming to bolster job opportunities for military and veteran spouses whose careers are often disrupted by their loved ones’ deployments
2023-06-10 00:47
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