By Andrew Chung (Reuters) -The U.S. Supreme Court handed internet and social media companies a pair of victories on Thursday, leaving legal protections for them unscathed and refusing to clear a path for victims of attacks by militant groups to sue these businesses under an anti-terrorism law. The justices in a case involving Google LLC’s …
US Supreme Court leaves protections for internet companies unscathed Read More »
(Reuters) – Twitter Inc sent a letter to Microsoft Chief Executive Satya Nadella, accusing the tech giant of improperly using the social media company’s data, The New York Times reported on Thursday. According to the report, Twitter said Microsoft had violated an agreement over its data and had declined to pay for that usage. Microsoft …
Twitter accuses Microsoft of improperly using its data – NYT Read More »
By Doina Chiacu and Steve Holland WASHINGTON (Reuters) -Vice President Kamala Harris and top White House economic adviser Lael Brainard said on Thursday that a default on the U.S. debt of $31.4 trillion would throw the American economy into a recession. In a conference call for Democratic activists, Harris and Brainard urged them to contact …
Debt default could trigger recession, Harris and Brainard warn Read More »
(Refiles to add Art Hogan’s company name in paragraph 5) (Reuters) -U.S. regional bank stocks edged higher on Thursday, rallying from earlier session losses, as market expectations that the sector is moving past its troubles continue to buoy trading. The KBW Regional Banking Index edged up 0.07%. The index had jumped 7.2% on Wednesday, recording …
PacWest, Western Alliance help regional bank stocks notch gains Read More »
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees, according to an e-mail to employees on Thursday, against the backdrop of its ongoing legal battle with Florida Governor Ron DeSantis. Disney parks …
Disney cancels plans for $1 billion campus, 2,000 jobs in Florida Read More »
(Reuters) – Canada’s competition regulator said on Thursday it was suing Cineplex Inc for allegedly advertising movie tickets at a lower price than what many consumers actually have to pay. “We’re taking action against Cineplex because misleading tactics like drip pricing only serve to deceive and harm consumers,” said Commissioner of Competition Matthew Boswell. Cineplex …
Canada’s antitrust regulator sues Cineplex over alleged misleading ticket prices Read More »
By Tiyashi Datta and Stephen Nellis (Reuters) – Semiconductor manufacturing tools maker Applied Materials Inc forecast third-quarter revenue above market estimates on Thursday, as governments around the world pour funding into chip factories. Companies such as KLA Corp, Applied Materials and Lam Research Corp are benefiting from subsidies in the United States, Europe and Japan, …
Applied Materials forecasts third-quarter revenue above estimates Read More »
By Pete Schroeder and Costas Pitas WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen reaffirmed the strength and soundness of the country’s banking system in a meeting with bank CEOs on Thursday, a Treasury Department statement said. During the meeting with more than two dozen CEOs and executives convened by the Bank Policy Institute, Yellen also …
Yellen reaffirms strength of US banking system in meeting with bank CEOs -Treasury Read More »
By Lisa Baertlein CHICAGO (Reuters) -Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said. But anxiety over labor negotiations …
U.S. West Coast ports regain lost volume as competitive pressure mounts Read More »
By Summer Zhen HONG KONG (Reuters) – As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a …
Analysis-‘Big money never buys cheap’: Why investors are waiting on Japan Read More »
