World News

Colombia orders Uber to cease ride-hailing, cites competition rules violation

BOGOTA (Reuters) – Colombia on Friday ordered Uber <UBER.N> to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules. Following a lawsuit filed against Uber by COTECH SA, the Superintendency of Industry and Commerce (SIC) said the U.S. company had breached market rules. Uber has […]

World News

Exclusive: White House expected to nominate SEC lawyer for Democratic commissioner seat – sources

By Katanga Johnson WASHINGTON (Reuters) – The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three people with direct knowledge of the matter. Crenshaw currently works as an attorney […]

World News

U.S. Justice Department and FCC fight state effort to block merger of Sprint, T-Mobile

WASHINGTON (Reuters) – The U.S. Justice Department and Federal Communications Commission filed in court on Friday to support a merger of T-Mobile <TMUS.O> and Sprint <S.N>, the third- and fourth-largest wireless carriers. A group of state attorneys general has asked a judge to stop the $26 billion deal, saying it would lead to higher prices […]

World News

Union seeks rare court action against CP Rail to cap working hours

By Allison Lampert and Anna Mehler Paperny MONTREAL/TORONTO (Reuters) – A Canadian union is taking the unusual step of pursuing contempt of court charges against Canada’s second-largest railroad, in a previously unreported case that escalates the debate over working hours for railroad employees, according to two sources and legal documents. The Teamsters union argued in […]