CMPNY

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money -laundering by a Bulgarian cocaine trafficking gang in the country’s …

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Chevron to relocate head office within California, sell existing HQ

A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Chevron Corp (CVX.N) is planning to relocate its global headquarters to a new leased space in California and sell its existing head office in the …

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Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street …

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Samsung Australia fined $ 9.7 million on false water-resistance claims

Samsung Australia fined $ 9.7 million on false water-resistance claims

June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics (005930.KS) to pay a A $ 14 million ($ 9.65 million) penalty for nine misleading advertisements about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ …

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Musk says Tesla’s new car factories ‘losing billions of dollars’

SAN FRANCISCO, June 22 (Reuters) – Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic …

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Exclusive: Inside the hangar at the center of the $ 1 bln Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high -tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners …

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Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks …

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Crypto industry gripped by anxiety as bitcoin wobbles near key $ 20,000 level

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday morning as investors feared contagion from …

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Apple workers at Maryland store vote to unionize, a first for the US

June 18 (Reuters) – Apple Inc (AAPL.O) workers in Maryland voted on Saturday to join a union, becoming the first retail employees of the tech giant to unionize in the United States. More than 100 workers in Towson near Baltimore “have overwhelmingly voted to join the International Association of Machinists and Aerospace Workers,” the union …

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