Press Digest: New York Times business news - Jan 14

Sunoco LP (Texas)

14/01/2025 07:53

Jan 14 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
    
    - Robinhood  HOOD.O  was fined $45 million by the Securities
and Exchange Commission on Monday for violations between 2019
and 2023, including failures in safeguarding sensitive customer
data, employee use of encrypted messaging applications and
errors of basic bookkeeping.
    
    - Cleveland-Cliffs  CLF.N  CEO Lourenco Goncalves on Monday
signaled plans for a potential takeover of U.S. Steel  X.N ,
calling it an "All-American solution," following U.S. President
Biden's decision to block its acquisition by Japanese company
Nippon Steel  5401.T .
    
    - Elon Musk is set to use office space in the Eisenhower
Executive Office Building, which is adjacent to the White House,
as he leads the Department of Government Efficiency (DOGE),
tasked with cutting spending in the Trump administration.
    
    - The U.S. Supreme Court declined on Monday to hear a bid by
Sunoco  SUN.N  and other oil companies to scuttle a lawsuit by
Honolulu accusing them of misleading the public for decades
about the dangers of climate change induced by the burning of
fossil fuels.
   

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))