By Katie Paul and Jessica DiNapoli NEW YORK (Reuters) – A former Meta engineer on Tuesday accused the company of bias in its handling of content related to the war in Gaza, claiming in a lawsuit that Meta fired him for trying to help fix bugs causing the suppression of Palestinian Instagram posts. Ferras Hamad, …
BENGALURU (Reuters) – Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc’s dominant services industry outpaced contraction in manufacturing, according to a private survey, which also showed price pressures easing. HCOB’s composite Purchasing Managers’ Index (PMI) for the currency union, compiled by S&P Global and …
Euro zone business activity expands at fastest rate in a year, PMI shows Read More »
MADRID (Reuters) – Zara owner Inditex reported a pick-up in recent sales from its Spring/Summer collections, boosting its shares on Wednesday as the world’s top fashion retailer delivered quarterly results in line with expectations. The Spanish company said sales rose 12% between May 1 and June 3 from the same time the year before, helping …
Zara owner Inditex boosted by pick-up in Spring sales Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Senator Joe Manchin said on Tuesday he was urging U.S. companies to sue the Treasury Department over the local content rules it set for companies to receive clean energy tax credits under the Inflation Reduction Act (IRA). Manchin told U.S. Treasury Secretary Janet Yellen during a …
US Senator Manchin encouraging industry to sue Treasury over EV tax credits Read More »
By Joey Roulette WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) on Tuesday said it issued a license for SpaceX’s fourth flight of its Starship rocket system, another test mission along the company’s path to building a reusable satellite launcher and moon lander. SpaceX, owned by Elon Musk, is aiming to launch its nearly …
SpaceX’s next Starship rocket test gets FAA go-ahead Read More »
(Reuters) – New York Community Bancorp said on Tuesday it had expanded the role of its President and CEO Joseph Otting to include the title of chairman. The regional lender also said Alessandro DiNello will step down as the non-executive chairman of the bank, at the close of business on June 5. He will continue …
NYCB names CEO Joseph Otting to additional role of chairman Read More »
(Please note language in paragraph 6 that readers may find offensive) By Suzanne McGee and Saqib Iqbal Ahmed (Reuters) – A report on Monday that online broker E*Trade may consider banning Keith Gill, the meme-stock influencer who ignited frenzied trading in shares of GameStop in 2021, has triggered a backlash on social media sites. The …
E*Trade possibly ousting GameStop bull ‘Roaring Kitty’ spurs online backlash Read More »
(Reuters) – Google’s chief privacy officer, Keith Enright, will leave the company this fall, after 13 years at the tech giant, a spokesperson for the Alphabet-owned company said on Tuesday. “We regularly evolve our legal, regulatory and compliance efforts to meet new obligations and expectations. Our latest changes will increase the number of people working …
(Reuters) – Hewlett Packard Enterprise forecast third-quarter revenue above Wall Street expectations on Tuesday, helped by upbeat demand for its artificial intelligence servers, sending its shares up 11% in extended trading. The results reflect strong demand for the company’s AI-optimized servers, powered by Nvidia hardware, as more firms seek high performance compute to run artificial …
By Dietrich Knauth NEW YORK (Reuters) – FTX on Tuesday asked a U.S. judge to stop outside litigation against company insiders and venture capital firms accused of playing a role in the bankrupt crypto exchange’s collapse, saying the lawsuits undermine FTX’s own effort to repay customers. The lawsuits, including class action complaints filed by FTX …
FTX seeks to stop outside litigation against insiders, VC firms Read More »
