Bussiness
New York Times business news – June 18
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.
– A U.S. judge on Monday dismissed a lawsuit Exxon Mobil XOM had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company’s annual meetings.
– The U.S. government sued Adobe ADBE on Monday, accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees in its most popular subscription plan, and making it difficult to cancel subscriptions.
– Two key Democrats in the U.S. Congress have agreed to support a major arms sale to Israel that includes 50 F-15 fighter jets worth more than $18 billion, the New York Times reported, citing multiple people familiar with the sale.
– A judge has ordered BNSF Railway to pay nearly $400 million for trespassing on Native American land by far exceeding the number of train cars carrying crude oil that it was allowed to run through a tribe’s land, according to documents filed Monday in federal court in Washington State.