News
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US regulator streamlines bank merger reviews
By Pete Schroeder May 8 (Reuters) - A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny. The Office of the Comptroller of the Currency...Reuters
Thu, May 8
EXCLUSIVE-US Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
March 30 deportation flight to El Salvador had no DHS personnelTrump has increasingly turned to military for deportationSenator asks whether flight complied with federal lawBy Phil Stewart and Idrees Ali WASHINGTON, May 8 (Reuters) - A top Democratic lawmaker has asked the Pentagon's Inspecto...Reuters
Thu, May 8
FEMA chief abruptly ousted ahead of U.S. hurricane season
WASHINGTON, May 8 (Reuters) - Cameron Hamilton, the acting director of the Federal Emergency Management Agency, has been ousted from his position by Homeland Security Secretary Kristi Noem, a day after he told lawmakers in a hearing that he didn’t support eliminating his agency.Reuters
Thu, May 8
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
May 8 (Reuters) - Apple AAPL.O is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday. The iPhone-maker has made progress on the chip that it's developing for smart gl...Reuters
Thu, May 8
FBI probes New York AG James over mortgage fraud allegations, media reports
May 8 (Reuters) - The FBI has opened a criminal investigation into mortgage fraud allegations against New York Attorney General Letitia James, who President Donald Trump has publicly targeted because she pursued legal action against him.James has joined attorneys general from other states in challen...Reuters
Thu, May 8
Social Media Platform X Says Has Received Executive Orders From The Indian Government Requiring X To Block Over 8,000 Accounts In India
May 8 (Reuters) - SOCIAL MEDIA PLATFORM X - HAS RECEIVED EXECUTIVE ORDERS FROM THE INDIAN GOVERNMENT REQUIRING X TO BLOCK OVER 8,000 ACCOUNTS IN INDIAX - ORDERS INCLUDE DEMANDS TO BLOCK ACCESS IN INDIA TO ACCOUNTS BELONGING TO INTERNATIONAL NEWS ORGANIZATIONS & PROMINENT X USERSX - WILL WITHHOLD...Reuters
Thu, May 8
Jefferies banker George Maddison to retire, sources say
By Andres Gonzalez and Amy-Jo Crowley LONDON, May 8 (Reuters) - The chairman of Jefferies' European investment banking Financial Institutions Group, George Maddison, is retiring from his role, according to two sources with knowledge of the situation. The banker, who is stepping down after a f...Reuters
Thu, May 8
US proposes building new air traffic control towers, radar systems
WASHINGTON, May 8 (Reuters) - U.S Transportation Secretary Sean Duffy on Thursday called on Congress to provide billions of dollars to replace the Federal Aviation Administration's crumbling telecommunications equipment and radar systems, build new towers and improve runway safety.Duffy's pl...Reuters
Thu, May 8
EXCLUSIVE-Pakistan's Chinese-made jet brought down two Indian fighter aircraft, US officials say
US officials confirm Pakistan used Chinese J-10 jets against Indian aircraftIndia has not acknowledged loss of planes Pakistan claims downing five Indian planes, including three Rafale jetsBy Saeed Shah, Idrees Ali ISLAMABAD/WASHINGTON, May 8 (Reuters) - A top Chinese-made Pakistani fighter p...Reuters
Thu, May 8
Trump says he looks forward to meeting with Pope Leo, an American
May 8 (Reuters) - U.S. President Donald Trump congratulated Pope Leo on his election to head the Catholic Church on Thursday, and said it "is such an honor to realize that he is the first American Pope." U.S. Cardinal Robert Prevost, who took the name Leo XIV, is originally from Chicago. ...Reuters
Thu, May 8
US bank regulator issues interim final rule on bank mergers
May 8 (Reuters) - The Office of the Comptroller of the Currency (OCC) on Thursday issued an interim final rule restoring the streamlined application and expedited review to its procedures for evaluating bank merger applications."The OCC's actions today reduce burden and uncertainty for banks...Reuters
Thu, May 8
'Peace be with all you,' Pope Leo XIV says in first public words
VATICAN CITY, May 8 (Reuters) - "Peace be with all you," Pope Leo XIV said from the balcony of St. Peter's Basilica on Thursday, in his first public words.U.S. Cardinal Robert Prevost was elected pope by the world's cardinals on the second day of the conclave. He is the first America...Reuters
Thu, May 8
Amazon, Apple seek legal fees as sanction in US consumer lawsuit
By David Thomas and Mike Scarcella May 8 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com)Apple and Amazon have asked for a combined $223,000 in sanctions against a prominent class action law firm, accus...Reuters
Thu, May 8
Office Of The Comptroller Of The Currency Issues Interim Final Rule On Bank Mergers
May 8 (Reuters) - OCC:OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES INTERIM FINAL RULE ON BANK MERGERSOCC: RESCINDED ITS 2024 POLICY STATEMENT ON ITS REVIEW OF APPLICATIONS UNDER THE BANK MERGER ACTOCC: INTERIM FINAL RULE RESTORES STREAMLINED APPLICATION AND EXPEDITED REVIEW TO OCC’S PROCEDURES F...Reuters
Thu, May 8
Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children
Billionaire Microsoft co-founder speeds up donation planGates says his foundation will spend around $200 billion by 2045Foundation has already given away $100 billionUrges governments, wealthy people to help world's poorBy Jennifer Rigby LONDON, May 8 (Reuters) - Bill Gates pledged on Thu...Reuters
Thu, May 8
