By Jonathan Stempel (Reuters) -Shareholders filed a lawsuit against Southwest Airlines Co on Thursday, accusing the carrier of fraudulently concealing problems that led last month to an operational meltdown and more than 15,000 flight cancellations. According to the proposed class action filed in federal court in Houston, Southwest publicly downplayed or failed to disclose serious …

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(Reuters) – Apple Inc Chief Executive Tim Cook’s pay package for the fiscal 2023 year is expected to be smaller than last year and depend more on how well the iPhone maker’s shares perform relative to market peers, regulatory filings showed. Cook’s compensation for the fiscal 2022 year ended September was $99.4 million, slightly higher …

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WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that there is mounting evidence that the United States can avoid recession this year and achieve a “soft landing” for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to …

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By Nate Raymond (Reuters) – A U.S. government panel tasked with crafting federal sentencing policy on Thursday proposed curtailing the ability of judges to impose longer sentences on criminal defendants based on conduct for which they were acquitted at trial, a practice that the U.S. Supreme Court is considering addressing. The bipartisan U.S. Sentencing Commission …

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By Brendan Pierson (Reuters) -California is suing the United States’ leading insulin makers and pharmacy benefit managers, accusing them of using their market power to overcharge patients for the life-saving drug, the state’s attorney general announced on Thursday. The lawsuit, filed in California Superior Court in Los Angeles, targets Eli Lilly and Co, Novo Nordisk …

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By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) – U.S. prosecutors on Thursday accused leaders of the far-right Proud Boys group of plotting an assault on American democracy as one of the most high-profile trials to stem from the Jan. 6, 2021 Capitol attack got underway. In an opening argument, federal prosecutor Jason McCullough …

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By Alexandra Alper WASHINGTON (Reuters) – The White House will discuss a recent crackdown on exports of chip-making tools to China with Japanese and Dutch officials during upcoming visits, but they will not result in “immediate” pledges from the two countries to impose similar curbs, a person familiar with U.S. officials’ thinking said on Thursday. …

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