April 30 (Reuters) - A federal appeals court on Tuesday overturned a judgment requiring IBM (IBM.N) to pay rival BMC Software $1.6 billion‚ after a judge found IBM improperly replaced BMC's mainframe software at AT&;T (T.N) with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. BMC is a Houston-based company that develops and licenses proprietary mainframe software products.

Consumers will have to be patient as they wait for price increases to meaningfully slow down‚ economists say. With annual inflation rates stalling above its 2% target‚ the Federal Reserve was expected to keep its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade. Last month‚ the consumer price index came in at 3.5% on an annual basis‚ driven by rising housing costs and insurance rates‚ especially auto insurance. &;quot;We're just a mile a way from the...

JACKSON‚ Miss. (AP) — Mississippi’s Republican-led Legislature will not take final votes on two bills that attempted to restrict legal recognition of . The bills died quietly when House and Senate leaders failed to agree on compromise versions before a Monday night deadline. Lawmakers were working on several other complex issues at the time. One bill would have restricted and locker rooms in public buildings‚ including university dormitories. The other would have specified that sex is ‚ and...

House Democratic leaders would vote to save Speaker Mike Johnson (R-LA) from a motion to vacate if one was brought by Rep. Marjorie Taylor Greene (R-GA)‚ the first time Democrats have made a definitive decision on how they would respond to efforts to oust the speaker. In a statement released Tuesday‚ House Minority Leader Hakeem Jeffries (D-NY) and other House Democratic leaders said the time has come to “turn the page on this chapter of pro-Putin Republican obstruction” following the...

House Minority Leader Hakeem Jeffries announced Tuesday that House Democrats will block Rep. Marjorie Taylor Greene’s effort to oust House Speaker Mike Johnson. “We will vote to table Rep. Marjorie Taylor Greene’s Motion to Vacate the Chair. If she invokes the motion‚ it will not succeed‚” Jeffries said in a statement. Greene‚ R-Ga.‚ introduced the motion to vacate‚ as it’s known‚ last month. However‚ she had thus far declined to force a vote on the resolution.

House Democratic leadership announced Tuesday that Democrats would kill an effort to oust House Speaker Mike Johnson from his position‚ amid threats from Republican Rep. Marjorie Taylor Greene and other hardliners. “At this moment‚ upon completion of our national security work‚ the time has come to turn the page on this chapter of Pro-Putin Republican obstruction. We will vote to table Rep. Marjorie Taylor Greene’s Motion to Vacate the Chair. If she invokes the motion‚ it will not succeed‚”...

Columbia University warned protesters who breached an administrative building Tuesday that they would face expulsion as tensions over pro-Palestinian demonstrations on campus continue to escalate. The big picture: Dozens of protesters barricaded entrances of a building on the Ivy League campus in Manhattan in the middle of the night after the university began suspending students for refusing to leave their on-campus encampment after school leadership imposed a deadline. What they're...

Fox News appears to be taking Hunter Biden’s lawsuit threat quite seriously. The network has quietly pulled down its six-part “mock trial” series from its digital streaming service Fox Nation after lawyers for the presidential scion warned the network of their intention to sue for defamation. Besides quietly taking down The Trial of Hunter Biden from its streamer‚ the network also deleted a promotional video promising Fox News viewers an “inside look” at the “mock trial‚” which was...

The Department of Justice will significantly loosen federal cannabis restrictions‚ marking the biggest shift in drug laws in more than half a century. The change follows a decade of seismic changes in cannabis policies across the country‚ with 24 states legalizing possession for adults — representing more than half of the U.S. population — and 38 states establishing medical marijuana programs. The DOJ’s decision was first reported by the Associated Press‚ and confirmed to POLITICO by an...

A Virginia man who &;quot;meandered&;quot; around the Capitol building after the January 6‚ 2021‚ riot has lost his $100 million lawsuit against CNN. Virginia federal judge Arenda Wright Allen‚ an appointee of former President Barack Obama‚ dismissed the case on Monday before it reached trial. Jacob Hiles‚ a charter boat captain from Virginia Beach‚ alleged that CNN defamed him in an online article published on October 15‚ 2021‚ about rioters at the Capitol building. The article's sub-headline...