The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline to decide whether to take sides in a case before the U.S. Supreme Court that will have wide implications for the technology industry.
U.S. authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday.
A string of deadly confrontations between mostly white police and black men will be among challenges immediately facing Loretta Lynch when she is sworn in on Monday as U.S. attorney general.
A high-frequency trader was arrested in the United Kingdom over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly $1 trillion in market capitalization, the first time authorities have blamed manipulation for the market turbulence.
