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Conservative activist uses Civil War-era law to challenge US corporate diversity

By Nate Raymond (Reuters) – The anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies is trying to use a Civil War-era law designed to protect formerly enslaved Black people from racial bias to dismantle American corporate diversity programs. In a trio of lawsuits filed since August, Edward Blum’s […]
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California governor vetoes bill banning robotrucks without safety drivers

By Abhirup Roy SAN FRANCISCO (Reuters) -California Governor Gavin Newsom late on Friday vetoed a bill to prevent heavy-duty driverless trucks from operating in the state, in a relief for companies developing autonomous technology to haul goods across the U.S. The labor-backed Assembly Bill 316, which requires a trained human driver to be present in […]
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Arm dips below IPO price as short sellers circle

By Noel Randewich and Lewis Krauskopf (Reuters) – Arm Holdings’ stock on Thursday dipped for the first time below its initial public offering price, while short sellers appeared to be betting against the chip designer just a week after its Wall Street debut. Dropping for a fifth straight session, shares of SoftBank-controlled Arm closed down […]
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FedEx shares pop on hefty profit beat, UPS customer wins

By Lisa Baertlein and Priyamvada C (Reuters) -FedEx surprised investors with a big quarterly profit beat on Wednesday after it cut costs and poached customers from rivals UPS and Yellow ahead of the vital holiday shipping season. FedEx shares rose 5.7% to $264.60 in extended trading after the global delivery firm reported a 32% jump […]
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Global debt hits record $307 trillion, debt ratios climb -IIF

By Rodrigo Campos and Harry Robertson NEW YORK/LONDON (Reuters) -Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday. The financial services trade […]
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Virginia, other US states back Montana in TikTok ban -court filing

By David Shepardson (Reuters) -A group of 18 state attorneys general said on Monday they backed Montana’s effort to ban Chinese-owned short video app TikTok, urging a U.S. judge to reject legal challenges ahead of the Jan. 1 effective date. The state attorneys general led by Virginia and including Georgia, Alaska, Utah, Indiana, Nebraska, Indiana, […]
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Arm’s stellar listing sets the stage for more SoftBank acquisitions

By Anton Bridge TOKYO (Reuters) -The roaring success of Arm Holdings’ stock market debut makes it much easier for owner SoftBank Group to revert to its natural state – acquisition-hungry. Shares in the British chip designer jumped almost 25% on its first day of trade – propelling its value to more than double the $32 […]
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House Republican lawmakers urge US crackdown on Huawei, SMIC

By David Shepardson WASHINGTON (Reuters) -A group of senior U.S. House Republicans on Thursday urged the Biden administration to crack down on Huawei and China’s top semiconductor firm Semiconductor Manufacturing International Corp (SMIC) after reports suggested Huawei has developed an advanced smartphone. The lawmakers – including the chairs of the House Foreign Affairs, Energy and […]

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Conservative activist uses Civil War-era law to challenge US corporate diversity

September 26, 2023

By Nate Raymond (Reuters) – The anti-affirmative action activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies is trying to use a Civil War-era law designed to protect formerly enslaved Black people from racial bias to dismantle American corporate diversity programs. In a trio of lawsuits filed since August, Edward Blum’s […]
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