NEW YORK (Reuters) -The California Public Employees Retirement System (CalPERS) said on Friday it voted to elect activist investment firm Trian Fund Management's two director candidates to Walt Disney's board, in one of the most closely watched and expensive battles for corporate control. CalPERS believes Walt Disney Co will benefit from fresh eyes on its board of directors and voted...

NEW YORK (Reuters) - The California Public Employees Retirement System (CalPERS) said on Friday the U.S. pension fund has voted to elect activist investment firm Trian Fund Management's two director candidates to the board of Walt Disney Co. ( DIS ) CalPERS believes Walt Disney Co ( DIS ) will benefit from fresh eyes on its board of directors and...

WASHINGTON (Reuters) -The Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing's chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips designed by Nvidia and others...

(Reuters) - A federal judge in Texas on Friday blocked enforcement of new regulations adopted during the Biden administration that sought to overhaul how lenders extend loans and other services to low- and moderate-income Americans. U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, sided with banking and business groups including the American Bankers Association and U.S. Chamber of Commerce in...