By Jonathan StempelNEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase (NYSE:JPM) on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric.The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind eye during due diligence in pursuit of m ...
By Marie MannesSTOCKHOLM (Reuters) -Scania said on Monday it had secured a new supply of battery cells in addition to its deal with Northvolt, as the Swedish truckmaker warned it will miss its 2025 targets to cut emissions due in part to problems with electric battery deliveries.Northvolt, once considered Europe’s best hope for an electric vehicle battery champion, filed for U.S. Chapter 11 bank ...
Monday’s trading session has been marked by significant movements among mega-cap and large-cap stocks. Investors are reacting to various news updates and market dynamics, with companies like Tesla Motors (NASDAQ:TSLA) and Robinhood Markets (NASDAQ:HOOD) experiencing notable intra-day stock movements. The following is a rundown of some of the most impactful stock movers, from the largest comp ...
By Foo Yun CheeBRUSSELS (Reuters) -Apple and Meta Platforms (NASDAQ:META) are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday.Both companies have been in the European Commission’s crosshairs since last year for potential breaches of the Digital Markets Act which could cost companies as much ...