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US Senate Democrats aim to undo Trump-era shareholder voting rights rule

U.S. Senate Democrats on Friday introduced a resolution to rescind a rule they say curbs shareholder voting rights, their second move aimed at unraveling business-friendly regulations introduced by former President Donald Trump's administration.

Markets

Mastercard battles to limit scope of US$19 billion UK class action

LONDON :Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus (US$19.3 billion) British class action in an effort to limit the scope of the historic case.

Markets

US consumer spending, income temporarily fall ahead of massive fiscal stimulus

WASHINGTON :U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded.

Markets

‘Yes or no?’ US lawmakers fume over Big Tech’s answers on misinformation

In their first appearance before Congress since Trump supporters stormed the U.S. Capitol, the chief executives of Facebook, Google and Twitter were asked by U.S. lawmakers whether their platforms bore some responsibility for the riot: "yes or no?"

Markets

GameStop up 13% more as ‘Reddit army’ bets on sales turnaround

"Meme" stock-in-chief GameStop jumped another 13per cent in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace.

Markets

Blackstone makes executive changes in BAAM’s GP Stakes platform

Blackstone Group said on Friday that Scott Soussa, who co-heads the hedge fund and private equity stakes business, has decided to leave the firm and that Mustafa Siddiqui, who co-heads the business, will be the sole head of the Strategic Capital Holdings unit.

Markets

GameStop up 13per cent more as ‘Reddit army’ bets on sales turnaround

"Meme" stock-in-chief GameStop jumped another 13per cent in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace.

Markets

Mastercard fights bid to add 14 million dead customers to UK class action

Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound (US$19.3 billion) British class action in an effort to limit the scope of the historic case.

Markets

Cold weather depresses US consumer spending; inflation muted

U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded, though the decline is likely temporary.

Markets

Volkswagen to seek dieselgate damages from former CEO, Audi boss

Volkswagen will claim damages from former Chief Executive Martin Winterkorn and former Audi boss Rupert Stadler, it said on Friday, as the carmaker tries to draw a line under the diesel cheating scandal.

Markets

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