By Noel Randewich and Ankika Biswas (Reuters) – Major U.S. stock indexes ended higher on Thursday, helped by a rally in Alphabet shares as investors, worried about a slowing economy, looked to upcoming jobs data. Alphabet Inc rallied 3.8% and Microsoft climbed 2.6%, with both providing more fuel than any other stocks for the S&P …
Wall Street ends higher as investors eye upcoming jobs data Read More »
(Reuters) -Tesla Inc on Thursday nominated former Chief Technology Officer JB Straubel to the electric-vehicle maker’s board. The company made a proxy filing with the U.S. Securities and Exchange Commission listing four Tesla proposals and one from a shareholder regarding reporting on key-person risk. Straubel joined Tesla in 2004 and spent 14 years as the …
By Blake Brittain (Reuters) -A Los Angeles federal judge on Wednesday dismissed Pandora Media’s antitrust case against a group of comedians who earlier sued the internet radio station for copyright infringement, including Lewis Black, members of the Blue Collar Comedy Tour and the estates of Robin Williams and George Carlin. Pandora, which is owned by …
Pandora loses antitrust fight with comedians over comedy ‘cartel’ Read More »
By Doyinsola Oladipo and Priyamvada C (Reuters) – Shares of Airbnb Inc fell as much as 6% on Thursday after an online independent publication released a report that probed unpleasant experiences that customers had during stays booked through the short-term rental platform. According to The Bear Cave report, horror incidents of guests staying at individually …
Airbnb shares fall after probe into unpleasant customer experiences Read More »
By John McCrank NEW YORK (Reuters) – Assets in money market funds have soared to record levels, drawing investors with their safe-haven appeal and yields that far exceed those paid on bank deposits. The funds are traditionally considered low-risk and liquid as they invest in high-quality assets, including short-term Treasuries. Yet funds that rely on …
Explainer-How are money market funds preparing for a potential debt ceiling crisis? Read More »
By Mike Stone WASHINGTON (Reuters) -The U.S. Government Accountability Office on Thursday denied Lockheed Martin Corp’s protest of the Army contract for the Future Long Range-Assault Aircraft worth as much as a $7.1 billion, awarded to Textron Inc’s Bell helicopter unit over Lockheed’s Sikorsky unit. The U.S. Army “reasonably evaluated Sikorsky’s proposal as technically unacceptable …
US GAO denies Lockheed protest of Textron $7 billion Army helicopter deal Read More »
By Hyunjoo Jin and Paul Lienert San Francisco (Reuters) – Tesla Inc said it plans to expand the use of cheaper, iron-based batteries to a version of its Semi heavy electric trucks and an affordable electric vehicle. Tesla Chief Executive Elon Musk has championed on the lithium iron phosphate (LFP) battery technology dominated by Chinese …
Tesla to use iron-based batteries in Semi electric trucks and affordable electric car Read More »
By Maiya Keidan TORONTO (Reuters) – Canadian dealmakers are optimistic about a return to strength in the second half of the year after mergers and acquisitions (M&A) in the first quarter dropped to pandemic levels, belayed by higher borrowing costs and panic around a banking crisis. The collapse of regional banks Silicon Valley Bank and …
Unstable markets drag Canadian M&A, debt issuance to four-year low Read More »
(Reuters) – Canadian telecom companies said on Thursday their services in the southeastern part of the country were impacted due to widespread power outages caused by an ice storm a day ago. Services of Telus Corp, Bell and Rogers Communications Inc were affected after freezing rain and strong winds knocked out power for more than …
Canadian telcos say networks hit by power outages from ice storm Read More »
(Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted),” an Amazon spokesperson said in an …
Amazon plans to trim employee stock awards amid tough economy Read More »
