Core Viewpoint - Costco is facing a lawsuit regarding alleged salmonella contamination in its rotisserie chicken, with claims that its Nebraska processing plant fails to meet USDA safety standards [1] Group 1: Lawsuit Details - The lawsuit is a proposed class action filed by an animal rights nonprofit, citing that over 9.8% of whole chickens and 15.4% of chicken parts from the Fremont, Nebraska plant tested positive for salmonella [1] - The plaintiff, Lisa Taylor, claims she overpaid for rotisserie chickens due to Costco's failure to disclose the contamination risk and is seeking compensatory and triple damages for affected consumers since January 1, 2019 [1] - This lawsuit follows another class action filed in San Diego, alleging false advertising regarding the absence of preservatives in Costco's rotisserie chicken [1] Group 2: Sales and Market Impact - Costco's rotisserie chicken sales reached over 157 million units worldwide in 2025, indicating its significance as a loss-leader product to attract customers [1] - The price of Costco's Kirkland Signature rotisserie chicken is set at $4.99, which has been a key factor in driving foot traffic to its warehouse stores [1] Group 3: Company Response - Neither Costco nor the Lincoln plant has provided comments regarding the lawsuit as of the latest report [1]

US bank regulators move closer to proposing new 'Basel' rules for large banks | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The skyline of lower Manhattan is seen before sunrise in New York City, U.S., July 17, 2019. REUTERS/Brendan McDermid [Purchase Licensing Rights, opens new tab]WASHINGTON, Feb 13 (Reuters) - U.S. bank regulators appear to be moving closer to proposing a new version of the so-called "Basel endgame" rules dict ...

Safran to open landing gear plant in Morocco | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Safran Group logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]RABAT, Feb 13 (Reuters) - Safran Landing Systems, a subsidiary of French aerospace group Safran, signed a deal with Morocco on Friday to set up a landing gear factory near Casablanca worth 280 million ...

Core Viewpoint - BBVA's executive chairman Carlos Torres and CEO Onur Genc experienced a reduction in their total remuneration packages by approximately 3% and 2.5% respectively in 2025 compared to 2024, attributed to unmet short-term incentives rather than the failed takeover bid for Sabadell [1]. Summary by Relevant Categories Executive Remuneration - Carlos Torres' total remuneration decreased to 8.108 million euros in 2025, while Onur Genc's remuneration fell to 6.97 million euros [1]. - The decline in remuneration is not directly linked to the unsuccessful takeover bid but rather due to certain short-term performance incentives not being achieved [1]. Takeover Bid - BBVA's attempt to acquire Sabadell, valued at over 16 billion euros (approximately $19 billion), was unsuccessful [1]. - Despite the failed bid, BBVA's shares have increased by 22%, while Sabadell's shares have decreased by over 2% since the bid's collapse [1]. Strategic Goals - BBVA aims to achieve an accumulated net attributable profit of around 48 billion euros during the 2025-2028 period and plans to distribute 36 billion euros to shareholders over the same timeframe [1]. - The bank reported a record net profit of 10.51 billion euros for 2025 [1].

The European Central Bank imposed a 7.55 million euro ($8.96 million) fine on French lender Crédit Agricole for failing to comply with its decision on climate-related and environmental risks, it said ... ...

Core Viewpoint - A coalition of 15 companies, led by Microsoft and Ericsson, has launched the "Trusted Tech Alliance" to promote digital trust and address concerns about data sovereignty amid increasing isolationist policies in the U.S. [1] Group 1: Alliance Formation - The alliance is the first coordinated effort by global companies to tackle issues related to data storage and digital sovereignty [1] - Discussions about forming the alliance began in mid-2022 between Microsoft and Ericsson [1] Group 2: Member Companies - The alliance includes notable companies such as Anthropic, Amazon Web Services, Alphabet's Google, Reliance Jio Platforms, Nokia, Cohere, NTT, and SAP [1] Group 3: Principles of the Alliance - The alliance is built around five principles: strong corporate governance, ethical conduct, secure technology development, adherence to global security standards, and support for an open digital environment [1] - Members will self-attest to these principles, which also include provisions for independent assessments [1] Group 4: Industry Context - The initiative responds to a growing trend of countries seeking to establish stronger technology borders and reduce dependence on foreign suppliers [1] - Microsoft President Brad Smith emphasized the need for a clear definition of trust in technology [1] - Ericsson CEO Börje Ekholm noted that no country can achieve full sovereignty alone, highlighting the interconnected nature of technology [1]

Core Insights - Several companies are downsizing or postponing their U.S. IPOs in 2026 due to market volatility, valuation scrutiny, and weak peer performance [1][2] - Goldman Sachs analysts predict the number of IPOs will double to 120 this year, but caution about valuation risks highlighted by a selloff in software stocks [1] Company Actions - Clear Street has postponed its U.S. IPO, marking its second delayed listing this month due to "market conditions" [2][5] - Clear Street reduced its fundraising target by 65% before postponing the listing [3] - Agibank raised $240 million in its downsized U.S. IPO, selling 20 million shares at $12 each, down from an initial offering of approximately 43.6 million shares priced between $15 and $18 [4] - Liftoff Mobile has also postponed its planned New York listing, citing "current market conditions" amid a significant selloff in software stocks [5]

Core Viewpoint - The U.S. Federal Trade Commission (FTC) is intensifying its investigation into Microsoft, focusing on the company's licensing practices and its impact on competition in the AI and cloud computing sectors [1][2]. Group 1: FTC Investigation - The FTC has issued civil investigative requests to multiple competitors in the enterprise software and cloud computing markets, with at least six companies reportedly receiving these demands [2]. - The investigation aims to gather information regarding Microsoft's bundling of AI, security, and identity software within its offerings [2][3]. Group 2: Market Power Concerns - In 2024, the FTC initiated an investigation into whether Microsoft abused its market power in productivity software by imposing restrictive licensing terms that hinder customers from migrating their data to rival cloud platforms [3]. - Competitors have accused Microsoft of practices that effectively lock customers into its Azure cloud service, raising concerns about competitive fairness [3]. Group 3: Competitive Complaints - Google has lodged a complaint with the European Commission, alleging that Microsoft is leveraging its dominant Windows Server operating system to stifle competition [4].

BNY clients hedge dollar exposure by most since 2023, bank says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham/File Photo[1/2]An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham/File Photo [Purchase Licensing Rights, opens new tab]LONDON, Feb 13 (Reuters) - Clients of B ...

Core Viewpoint - JPMorgan Chase is facing a proposed class action lawsuit for allegedly paying near-zero interest rates on cash sweep accounts, which is claimed to be significantly lower than market rates despite rising federal funds rates [1][2]. Group 1: Legal Proceedings - A U.S. District Judge ruled that JPMorgan must address claims of breaching deposit account agreements by not adjusting interest rates according to economic conditions [3]. - The lawsuit alleges that the Cash Sweep programs resulted in customers losing billions in net interest income due to artificially low interest rates of 0.01% to 0.03% [2][6]. - Claims regarding breaches of fiduciary duties were dismissed, with the judge stating that automatic enrollment in the Cash Sweep programs was not a recommendation from JPMorgan [4]. Group 2: Industry Context - Other banks, including Wells Fargo and Bank of America, have faced similar lawsuits regarding cash sweep practices, with varying outcomes in court [5][6]. - In January 2025, Wells Fargo and Bank of America settled SEC civil charges related to their cash sweep practices for a total of $60 million, without admitting wrongdoing [6].