(This May 11 story has been refiled to say IAM, instead of AIM, in paragraph 1) (Reuters) – Workers at Apple’s store in Towson, Maryland, have voted in favor of authorizing a strike, the International Association of Machinists and Aerospace Workers (IAM) said in a statement late on Saturday. The date for work stoppage has …
Apple’s Maryland store workers vote to authorize strike Read More »
(Reuters) – The U.S. auto safety regulator said on Monday it was opening a preliminary evaluation into an estimated 500 Zoox vehicles, Amazon’s self-driving car unit, over reports of vehicles equipped with Automated Driving System unexpectedly braking, leading to rear-end collisions. (Reporting by Devika Nair in Bengaluru; Editing by Sonia Cheema)
By Utkarsh Shetti (Reuters) -Starlink, the satellite arm of Elon Musk’s SpaceX, warned on Saturday of a “degraded service” as the Earth is battered by the biggest geomagnetic storm due to solar activity in two decades. Starlink owns around 60% of the roughly 7,500 satellites orbiting Earth and is a dominant player in satellite internet. …
Musk’s Starlink satellites disrupted by major solar storm Read More »
By Nate Raymond (Reuters) -A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau’s new rule capping credit card late fees at $8, a victory for business and banking groups challenging part of the Biden administration’s crackdown on “junk fees.” U.S. District Judge Mark Pittman in Fort Worth issued a preliminary injunction …
US judge halts rule capping credit card late fees at $8 Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week. The S&P 500 and the Dow were modestly higher and the Nasdaq ended essentially unchanged. All …
Wall Street closes up, another weekly gain ahead of inflation data Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service on Friday said it is seeking an average 25% price hike for high-volume shippers to enter packages for regional delivery through its Parcel Select service. The price hike, which would take effect on July 14 and must be approved by the Postal Regulatory Commission, is …
US Postal Service wants 25% price hike for high-volume package shipping Read More »
By Blake Brittain (Reuters) – Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft’s Cortana virtual-assistant software infringed an IPA patent. The jury agreed with IPA after a week-long trial that Microsoft’s voice-recognition technology violates IPA’s patent rights in computer-communications software. IPA is …
Microsoft hit with $242 million US verdict in Cortana patent lawsuit Read More »
(Reuters) – U.S. Treasury Secretary Janet Yellen on Friday called for Congress to give regulators more power to oversee the growing nonbank mortgage industry, which she said presented unique risks to financial stability. Yellen spoke during a meeting of the Financial Stability Oversight Council, a regulatory body she chairs and which was created after the …
US Treasury’s Yellen says Congress should act on nonbank mortgage sector Read More »
By Valerie Volcovici WASHINGTON (Reuters) – The United States and China discussed Chinese overcapacity in solar and battery manufacturing, steel production and coal power during two days of bilateral meetings on climate change, senior State Department officials said on Friday. Top U.S. climate change diplomat John Podesta met Chinese counterpart Liu Zhenmin for their first …
US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks Read More »
By Ann Saphir and Howard Schneider NEW ORLEANS (Reuters) -Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers’ inflation expectations. “There are … important upside risks to inflation that are on my mind, and …
Fed officials mull whether rates high enough as inflation expectations jump Read More »
