Amazon's captive staff meetings on unions illegal, U.S. labor director finds

A U.S. labor board official determined Amazon.com Inc violated federal law during mandatory staff meetings it held in New York to discourage unionization, a board spokesperson said Friday, in what could lead to a new legal precedent.

newspaper

06-05-2022

Musk plans to increase Twitter's revenue to $26.4 billion by 2028 -NYT

Elon Musk is claiming that he can increase Twitter's annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented to investors.

newspaper

06-05-2022

U.S. lawmakers to open chips, China bill negotiations

WASHINGTON (Reuters) -Members of Congress will meet Thursday to open negotiations on a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters.

newspaper

06-05-2022

AGCO ransomware attack disrupts tractor sales during U.S. planting season

(Reuters) -U.S. agricultural equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.

newspaper

06-05-2022

U.S. lawmakers to open formal chips, China bill negotiations

Congressional negotiators will meet Thursday to open formal talks to hammer out a compromise measure that would fund $52 billion in semiconductor manufacturing subsidies and boost U.S. competitiveness with Chinese technology, a source told Reuters.

newspaper

06-05-2022

Wild swing roil markets as hawkish Fed unleashes volatility

Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices.

newspaper

06-05-2022

CDS committee closes Russia April payments case -statement

The EMEA Credit Derivatives Determinations Committee said on Friday it closed the case looking into whether credit default swaps would be paid to holders of Russian debt after Russia paid its obligations.

newspaper

06-05-2022

Wild price swings roil markets

Volatility has been the watchword for markets in the last several months, as worries over a hawkish Fed, sky-high commodity prices and geopolitical tensions stemming from the war in Ukraine roil asset prices.

newspaper

06-05-2022

Asda owners set to buy McColl's, saving 16,000 jobs

The owners of British supermarket group Asda are set to buy McColl's out of administration, saving around 16,000 jobs after the convenience store chain's lenders rejected a rescue deal from Asda's rival Morrisons.

newspaper

06-05-2022