By , The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.Airline stocks have been hard hit by the near collapse U.S. travel demand amid the coronavirus pandemic.U.S. airlines are cutting hundreds of thousands of flights, parking thousands of planes as U.S. travel demand has fallen by about 95% and there is no clear timetable for passengers to return to flights at pre-crisis levels.Buffett said the airline industry’s outlook rapidly changed.“We made that decision...…By , The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.Airline stocks have been hard hit by the near collapse U.S. travel demand amid the coronavirus pandemic.U.S. airlines are cutting hundreds of thousands of flights, parking thousands of planes as U.S. travel demand has fallen by about 95% and there is no clear timetable for passengers to return to flights at pre-crisis levels.Buffett said the airline industry’s outlook rapidly changed.“We made that decision...WW…

By NEW YORK (Reuters) - Mary Trump, the niece of Donald Trump and author of a recent memoir that painted an unflattering portrait of him, sued the U.S. president on Thursday, accusing him and other family members of defrauding her out of an inheritance worth tens of millions of dollars.The complaint accused Donald Trump, his sister Maryanne Trump Barry, and his brother Robert Trump, who died in August, of “rampant fraud and misconduct.”She accused the siblings of seizing control of the real estate empire built by their father Fred Trump Sr, who died in 1999, and exploiting it to enrich...…By NEW YORK (Reuters) - Mary Trump, the niece of Donald Trump and author of a recent memoir that painted an unflattering portrait of him, sued the U.S. president on Thursday, accusing him and other family members of defrauding her out of an inheritance worth tens of millions of dollars.The complaint accused Donald Trump, his sister Maryanne Trump Barry, and his brother Robert Trump, who died in August, of “rampant fraud and misconduct.”She accused the siblings of seizing control of the real estate empire built by their father Fred Trump Sr, who died in 1999, and exploiting it to enrich...WW…

By , The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.Airline stocks have been hard hit by the near collapse U.S. travel demand amid the coronavirus pandemic.U.S. airlines are cutting hundreds of thousands of flights, parking thousands of planes as U.S. travel demand has fallen by about 95% and there is no clear timetable for passengers to return to flights at pre-crisis levels.Buffett said the airline industry’s outlook rapidly changed.“We made that decision...…By , The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.Airline stocks have been hard hit by the near collapse U.S. travel demand amid the coronavirus pandemic.U.S. airlines are cutting hundreds of thousands of flights, parking thousands of planes as U.S. travel demand has fallen by about 95% and there is no clear timetable for passengers to return to flights at pre-crisis levels.Buffett said the airline industry’s outlook rapidly changed.“We made that decision...WW…

By , (Reuters) - Parler, a social media app popular among right-wing groups, filed a new lawsuit accusing Amazon.com Inc of trying to destroy its business following the Jan. 6 storming of the U.S. Capitol by supporters of former President Donald Trump.The lawsuit seeking a variety of damages, including triple damages for anticompetitive conduct, was filed in Washington state court on Tuesday, two weeks after Parler returned online following a monthlong absence.Parler went dark when Amazon suspended its web-hosting services following the Capitol attack, saying Parler had failed to...…By , (Reuters) - Parler, a social media app popular among right-wing groups, filed a new lawsuit accusing Amazon.com Inc of trying to destroy its business following the Jan. 6 storming of the U.S. Capitol by supporters of former President Donald Trump.The lawsuit seeking a variety of damages, including triple damages for anticompetitive conduct, was filed in Washington state court on Tuesday, two weeks after Parler returned online following a monthlong absence.Parler went dark when Amazon suspended its web-hosting services following the Capitol attack, saying Parler had failed to...WW…

By , WASHINGTON (Reuters) - A U.S. appeals court on Thursday handed President Donald Trump a setback, rejecting his bid to end a lawsuit that accused him of violating anti-corruption provisions of the U.S. Constitution with his ownership of a hotel in Washington while in office.Slideshow The decision by the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals sitting as a whole - reversing a ruling in favor of Trump last July by a three-judge panel of the same court - marked a victory for the Democratic attorneys general of Maryland and the District of Columbia who brought the...…By , WASHINGTON (Reuters) - A U.S. appeals court on Thursday handed President Donald Trump a setback, rejecting his bid to end a lawsuit that accused him of violating anti-corruption provisions of the U.S. Constitution with his ownership of a hotel in Washington while in office.Slideshow The decision by the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals sitting as a whole - reversing a ruling in favor of Trump last July by a three-judge panel of the same court - marked a victory for the Democratic attorneys general of Maryland and the District of Columbia who brought the...WW…

Register now for FREE unlimited access to Reuters.comNEW YORK, Sept 21 (Reuters) - Britain's Prince Andrew has been served with a sexual assault lawsuit in the United States by lawyers for a woman who says she was forced to have sex with him at the London home of a friend of convicted sex offender Jeffrey Epstein, court papers show.In a filing with the U.S. District Court in Manhattan, lawyers for Virginia Giuffre said they sent the civil lawsuit to the prince's Los Angeles-based lawyer Andrew Brettler by email and FedEx, and both copies had been received by Monday morning.Under federal...…Register now for FREE unlimited access to Reuters.comNEW YORK, Sept 21 (Reuters) - Britain's Prince Andrew has been served with a sexual assault lawsuit in the United States by lawyers for a woman who says she was forced to have sex with him at the London home of a friend of convicted sex offender Jeffrey Epstein, court papers show.In a filing with the U.S. District Court in Manhattan, lawyers for Virginia Giuffre said they sent the civil lawsuit to the prince's Los Angeles-based lawyer Andrew Brettler by email and FedEx, and both copies had been received by Monday morning.Under federal...WW…

Register now for FREE unlimited access to Reuters.comNEW YORK, April 26 (Reuters) - Ghislaine Maxwell deserves bail because her "horrific" jail conditions make it impossible to prepare for trial on charges she procured teenage girls for Jeffrey Epstein to sexually abuse, her lawyer told a U.S. appeals court on Monday.The lawyer David Markus said it's unfair to force Maxwell to review millions of pages of materials from behind bars, with guards waking her with flashlights every 15 minutes on a misplaced concern she might, like Epstein, commit suicide."We just want a fair opportunity, a fair...…Register now for FREE unlimited access to Reuters.comNEW YORK, April 26 (Reuters) - Ghislaine Maxwell deserves bail because her "horrific" jail conditions make it impossible to prepare for trial on charges she procured teenage girls for Jeffrey Epstein to sexually abuse, her lawyer told a U.S. appeals court on Monday.The lawyer David Markus said it's unfair to force Maxwell to review millions of pages of materials from behind bars, with guards waking her with flashlights every 15 minutes on a misplaced concern she might, like Epstein, commit suicide."We just want a fair opportunity, a fair...WW…

Register now for FREE unlimited access to Reuters.comApril 12 (Reuters) - A U.S. appeals court said a man who created a mayonnaise-ketchup blend he called "Metchup" cannot sue Kraft Heinz Co for selling a similar condiment called "Mayochup," but ordered reconsideration of whether to cancel his trademark registration.The 5th U.S. Circuit Court of Appeals said there was little chance consumers would confuse Mayochup, sold in groceries nationwide under the Heinz brand, with Metchup, sold in the lobby of Dennis Perry's nine-room Star Motel in Lacombe, Louisiana, next to his used-car lot.But the...…Register now for FREE unlimited access to Reuters.comApril 12 (Reuters) - A U.S. appeals court said a man who created a mayonnaise-ketchup blend he called "Metchup" cannot sue Kraft Heinz Co for selling a similar condiment called "Mayochup," but ordered reconsideration of whether to cancel his trademark registration.The 5th U.S. Circuit Court of Appeals said there was little chance consumers would confuse Mayochup, sold in groceries nationwide under the Heinz brand, with Metchup, sold in the lobby of Dennis Perry's nine-room Star Motel in Lacombe, Louisiana, next to his used-car lot.But the...WW…

People walk past a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir/File PhotoRegister now for FREE unlimited access to Reuters.comNEW YORK, April 12 (Reuters) - A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping Iran evade American sanctions should be thrown out.In arguments before the 2nd U.S. Circuit Court of Appeals in Manhattan, Halkbank's lawyer Simon Latcovich said the U.S. government had no basis to assert criminal...…People walk past a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir/File PhotoRegister now for FREE unlimited access to Reuters.comNEW YORK, April 12 (Reuters) - A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping Iran evade American sanctions should be thrown out.In arguments before the 2nd U.S. Circuit Court of Appeals in Manhattan, Halkbank's lawyer Simon Latcovich said the U.S. government had no basis to assert criminal...WW…

By , (Reuters) - Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.Slideshow The lawsuit accused Novartis’ Sandoz unit, Teva Pharmaceuticals’ Actavis unit, Mylan, Pfizer Inc and other drugmakers of conspiring to rig the market between 2009 and 2016 for more than 80 drugs.Attorneys general from 46 states, the District of Columbia and four U.S. territories said the defendants prioritized profit over the public interest, depriving...…By , (Reuters) - Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.Slideshow The lawsuit accused Novartis’ Sandoz unit, Teva Pharmaceuticals’ Actavis unit, Mylan, Pfizer Inc and other drugmakers of conspiring to rig the market between 2009 and 2016 for more than 80 drugs.Attorneys general from 46 states, the District of Columbia and four U.S. territories said the defendants prioritized profit over the public interest, depriving...WW…