U.S. accounting watchdog flags 'unacceptable' increase in audit deficiencies

(Reuters) -The U.S. accounting watchdog has found an "absolutely unacceptable" level of serious deficiencies in public company audits it inspected in 2022, chair Erica Williams said in a statement on Tuesday.

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25-07-2023

UPS, union avert strike with planned 5-year deal, pay increase

(Reuters) -UPS and its Teamsters union have agreed on a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of U.S. package shipments.

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25-07-2023

Exclusive-EU regulators rebuff Meta's offer to curb use of ad data, sources say

BRUSSELS (Reuters) -Meta Platforms offered to curb the use of competitors' advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder, people familiar with the matter said.

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25-07-2023

Exclusive-EU antitrust regulators rejected Meta offer to curb use of ad data, sources say

Meta Platforms offered to curb the use of competitors' advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but it was not accepted by regulators, people familiar with the matter said.

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25-07-2023

UPS and Teamsters Union reach tentative labor deal

The Teamsters Union, representing about 340,000 U.S. workers at UPS, said on Tuesday it has reached a tentative five-year deal with the parcel delivery firm.

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25-07-2023

ChatGPT now on Android in some countries including US

ChatGPT is now available for Android users in the United States, India, Bangladesh and Brazil, the viral chatbot's owner OpenAI said on Tuesday, as it looks to take advantage of the popularity of the artificial intelligence tool.

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25-07-2023

3M raises full-year profit forecast as cost-cut measures pay off

(Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly results helped by higher prices and cost-cut measures, sending its shares to a four-month high of nearly 6%.

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25-07-2023

IMF sees Japan's economy growing 1.4% in 2023, warns of inflationary pressures

TOKYO/WASHINGTON (Reuters) -Japan's economy is expected to expand 1.4% in 2023, faster than a 1.0% rise last year, as the removal of pandemic curbs boosts consumption, the International Monetary Fund said on Tuesday, while warning that inflationary pressures were mounting.

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25-07-2023

Albertsons beats profit, revenue expectations on strong demand for groceries

Albertsons Companies topped Wall Street expectations for quarterly profit and revenue on Tuesday, on the back of steady demand for groceries and pocket-friendly private label brands.

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25-07-2023