Reuters US Business

(Reuters) -The Motion Picture Association has sent a cease-and-desist letter to Meta, objecting to the social media platform’s use of filters inspired by the PG-13 movie rating system for content moderation on Instagram for users under 18. The trade group said Meta’s claim that its filters align with the PG-13 rating is “literally false and …

Motion Picture Association demands Meta drop PG-13 label from Instagram teen filters Read More »

NEW YORK (Reuters) -Bank of America could consider acquiring more payment businesses in the United States, but the bank is not looking at deals in overseas markets, CEO Brian Moynihan said on Wednesday. “Maybe some payments capabilities, which we’ve acquired in the U.S. already, so I’ll come back to that,” he told a group of …

Bank of America CEO says company may consider acquisitions in payments Read More »

-Netflix said on Wednesday that ads on its platform have reached over 190 million monthly active viewers (MAVs) globally, as the streaming giant instituted the new metric to measure its ad reach in terms of people instead of accounts. Netflix has expanded into advertising and video games, two areas that have contributed little to revenue so far, …

Netflix institutes new viewer-based metric as ads reach 190 million viewers worldwide Read More »

(Reuters) -Bombardier said on Wednesday its Global 8000 business jet, expected to be the fastest civilian plane since the Concorde, has received a certification from Canada’s transport regulator. U.S. Federal Aviation Administration and European Aviation Safety Agency certification would follow, the Canadian aircraft maker said. The Global 8000 jet is expected to have a top …

Bombardier’s Global 8000 jet receives certification from Transport Canada Read More »

(Reuters) -Spirit Airlines said on Wednesday it would cut about 150 salaried roles, and discontinue service at five airports, including Milwaukee and Phoenix, by January as the low-cost carrier aims to turn itself around. The carrier said last month it would furlough 365 pilots and downgrade the status of up to 170 pilots in the …

Spirit Airlines to cut about 150 jobs in turnaround effort Read More »

By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran reiterated on Wednesday that he believes the current level of short-term rates is too restrictive and is creating risks for the U.S. economy. “I think policy is too restrictive and that we’re too far above where neutral rates would be,” Miran said in an interview …

Fed’s Miran continues to press for rate cuts in Yahoo Finance interview Read More »

(Reuters) -Skydance-owned Paramount and Professional Bull Riders have signed a five-year media rights agreement that would bring PBR’s “Unleash the Beast” league series on Paramount+ starting in December, the companies said on Wednesday. “Unleash the Beast” is the highest level in the professional bull riding competition series, where the top 35 bull riders in the world …

Paramount+ to stream PBR’s ‘Unleash the Beast’ in new five-year deal Read More »