PRESS DIGEST- New York Times business news - Jan 14

Reuters
14 Jan
PRESS DIGEST- New York Times business news - Jan 14

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))

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