Town Hall News

By Nupur Anand (Reuters) -JPMorgan Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with the matter told Reuters on Thursday. JPMorgan, the largest U.S. bank, has offered employment to about 85% of First Republic’s almost 7,000 employees for transitional or full-time roles, the source said. […]

By James Pearson, Raphael Satter and Zeba Siddiqui (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the Chinese cyberespionage campaign had been aimed at military and government targets in the United States. […]

By Nupur Anand (Reuters) -JPMorgan Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with the matter told Reuters on Thursday. JPMorgan, the largest U.S. bank, has offered employment to about 85% of First Republic’s almost 7,000 employees for transitional or full-time roles, the source said. […]

By Nupur Anand (Reuters) -JPMorgan Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with the matter told Reuters on Thursday. JPMorgan, the largest U.S. bank, has offered employment to about 85% of First Republic’s almost 7,000 employees for transitional or full-time roles, the source said. […]

BERLIN (Reuters) -German authorities have serious indications of possible data protection violations by Tesla, Handelsblatt newspaper reported on Thursday, citing the data protection office in the state where the carmaker has its European gigafactory. Handelsblatt’s report said the U.S. electric car manufacturer has failed to adequately protect data from customers, employees and business partners, citing 100 gigabytes of confidential data leaked to the newspaper by a whistleblower. The data protection […]

By Svea Herbst-Bayliss NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to burnish his credentials following a shortseller attack on his company. Illumina said Icahn nominee Andrew Teno won enough shareholder votes for election, confirming an earlier Reuters report. He will take […]

By Svea Herbst-Bayliss NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to burnish his credentials following a shortseller attack on his company. Illumina said Icahn nominee Andrew Teno won enough shareholder votes for election, confirming an earlier Reuters report. He will take […]

By Karen Freifeld WASHINGTON (Reuters) – A top U.S. lawmaker on Thursday asked for more detail on the Biden administration’s proposed executive order on U.S. investments in China, questioning whether the planned restrictions would be effective. Republican U.S. Representative Patrick McHenry, chair of the House of Representatives Committee on Financial Services, sent a letter to Treasury Secretary Janet Yellen, requesting information related to the proposal ahead of Yellen’s June 7 […]

By Diane Bartz WASHINGTON (Reuters) -Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to regulate AI, which went from wonky to widespread with the arrival of OpenAI’s ChatGPT, Smith called for steps to ensure that people know when a photo or video is real […]