By Praveen Menon SYDNEY (Reuters) – Australia will introduce laws giving workers the right to ignore unreasonable calls and messages from their bosses outside of work hours without penalty, with potential fines for employers that breach the rule. The “right to disconnect” is part of a raft of changes to industrial relations laws proposed by …
Australia to allow workers to ignore after-hours calls from bosses Read More »
By David Shepardson WASHINGTON (Reuters) -A door panel that flew off a Boeing 737 MAX 9 jet mid-flight on Jan. 5 appeared to be missing four key bolts, according to a preliminary report from U.S. investigators that provided the first official look into how the frightening mishap took shape. Lawmakers and the flying public have …
Boeing 737 MAX 9 door plug bolts appeared to be missing on Alaska jet, NTSB says Read More »
(Reuters) – Fox Corp, Walt Disney’s ESPN and Warner Bros. Discovery will build a streaming platform to share sports assets, the Wall Street Journal reported on Tuesday. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
DETROIT (Reuters) – Ford Motor on Tuesday declared first-quarter regular and supplemental dividends of 15 cents and 18 cents per share, making it the second Detroit automaker to focus on returning cash to shareholders.Peer General Motors last week delivered an optimistic outlook for 2024, and Chief Executive Mary Barra signaled shareholders will get more of …
(Reuters) -Chipotle Mexican Grill topped market estimates for quarterly sales on Tuesday, as Americans ordered more of its burritos and rice bowls despite menu items getting pricier, underscoring its resilience in a choppy macro environment. Shares of the California-based company were up about 2% in extended trading. While the U.S. restaurant industry has seen customer …
Chipotle beats quarterly sales estimates on strong demand Read More »
(Reuters) -Big Tech and media companies in the United States continue to announce fresh job cuts, a sign that the spate of layoffs seen in 2023 could persist as firms grapple with economic uncertainty. Here are some of the job cuts announced by tech and media companies. AMAZON Jan. 18 – The Buy with Prime …
Spate of job cuts continues unabated at Big Tech, media firms Read More »
By Deena Beasley (Reuters) – Gilead Sciences on Tuesday said its fourth-quarter revenue dipped 4% on lower sales of HIV drugs and Veklury, an infused drug for hospitalized COVID-19 patients, while its adjusted profit rose 3% due to lower expenses. Gilead also said a large trial of its experimental oral COVID antiviral drug, obeldesivir, did …
Gilead quarterly revenue drops 4%, oral COVID drug fails trial Read More »
By Deena Beasley (Reuters) – Amgen on Tuesday said its adjusted fourth-quarter profit rose 15%, driven by a 20% increase in revenue following the biotechnology company’s October acquisition of rare disease drugmaker Horizon Therapeutics. Revenue for the quarter totaled $8.2 billion, edging ahead of analysts’ estimates of $8.1 billion, according to LSEG data. Excluding Horizon’s …
Amgen quarterly profit rises 15% as Horizon deal boosts results Read More »
By Sinéad Carew and Johann M Cherian (Reuters) -The S&P 500 closed slightly higher on Tuesday, as investors scrutinized a mixed bag of earnings at big U.S. companies and digested comments from Federal Reserve policy makers for clues about its first planned interest-rate cut. Minneapolis Fed President Neel Kashkari said the central bank is “not …
S&P 500 closes up; focus on earnings and US interest rates Read More »
BERLIN (Reuters) – Volkswagen plans to keep investments in the coming five years stable at around 180 billion euros ($193.59 billion) between 2024 and 2028, Germany’s Handelsblatt newspaper reported on Tuesday, citing three people familiar with the matter. The supervisory board had approved the investment plan but added a condition that the sum could be …
Volkswagen to invest around 180 billion eur through 2028 – Handelsblatt Read More »
