Nirvana wins dismissal of ‘Nevermind’ naked baby’s lawsuit

By Jonathan Stempel (Reuters) -Nirvana has won the dismissal of a lawsuit by a man who claimed his depiction as a naked four-month-old baby on the cover of the band’s seminal 1991 album “Nevermind” was child pornography. In a decision on Friday, U.S. District Judge Fernando Olguin in Los Angeles said Spencer Elden waited too […]

U.S. Commerce aims to seek chips funding proposals by February

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production. Congress in August approved $52.7 billion for semiconductor manufacturing and research and a 25% investment tax credit for chip […]

Wall Street reaches four-week highs as bond yields drop

By Carolina Mandl (Reuters) – U.S. stock indexes climbed the most in roughly a month as bond yields eased, with investors shrugging off hawkish remarks made by Federal Reserve officials on Wednesday. The last time the Nasdaq Composite, S&P 500 and the Dow Jones Industrial Average reached a higher one-day percentage jump was on Aug […]

Old-fashioned Western rides into Venice Film Festival

By Crispian Balmer VENICE (Reuters) – Veteran film maker Walter Hill brought an old-fashioned, low budget Western, “Dead for a Dollar”, to Venice on Tuesday, denying that his blood-splattered movies could encourage gun crime in his native United States. “I don’t think any film I have ever done has advocated anything like that,” said Hill, […]

Los Angeles school district says it was target of ransomware attack

By Kanishka Singh WASHINGTON (Reuters) -The Los Angeles Unified School District, the second-largest collection of public schools in the United States, said it was targeted by a ransomware attack over the Labor Day weekend that caused “significant disruption” but did not lead to cancellation of classes. “Los Angeles Unified detected unusual activity in its Information […]

Stocks jump as Treasury yields ease and oil prices sell off

By Caroline Valetkevitch NEW YORK (Reuters) – Global stocks rallied on Wednesday after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel. The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling, but the dollar index =USD was lower […]

LeBron James, rappers Drake and Future named in $10M lawsuit: Report

The former head of the NBA Players Association is suing LeBron James, rappers Drake and Future, and others for $10 million, contending they stole the rights to a film about a Canadian segregated hockey league, the New York Post reported. In a complaint filed in New York Supreme Court in Manhattan, Billy Hunter contends he […]

Desktop Metal to unveil 3D-printed sheet metal technology for cars, planes

By Norihiko Shirouzu (Reuters) – U.S.-based 3D printer maker Desktop Metal Inc plans to unveil as early as on Wednesday a new technology that will dramatically simplify the industrial sheet metal production process, Chief Executive Officer Ric Fulop told Reuters. The technology Figur G15 is capable of shaping standard sheet metal on demand directly from […]

U.S. bank regulator warns of crisis risk from fintech proliferation

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday. “I believe fintechs and big techs are having a large impact […]

Double dose of Tilda Swinton in ghostly Venice flick

By Mindy Burrows VENICE (Reuters) – Relations between parents and their children feature strongly in this year’s Venice Film Festival, but Tilda Swinton adds a new twist to the theme, playing both mother and daughter in “The Eternal Daughter”. Directed by Britain’s Joanna Hogg, the ghostly two-hander had its world premier on Tuesday, offering the […]