By Louisa Off and Riham Alkousaa KELHEIM, Germany (Reuters) – From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a result, the Bavarian-based firm, whose fibres are used in anything from teabags to tampons, will …
(Reuters) -A majority of workers at videogame publisher Activision Blizzard Inc’s recently acquired studio Proletariat said on Tuesday that they are forming a union with the Communications Workers of America. The move would make the Boston-based studio, the third Activision Blizzard studio to seek unionization. The 57 workers in the Proletariat unit – that include …
Activision’s Boston studio workers announce unionization Read More »
By Echo Wang (Reuters) – Wall Street’s main indexes closed lower on Wednesday, as investors grappled with mixed economic data, rising COVID cases in China, and geopolitical tensions heading into 2023. “There was no Santa rally this year. The Grinch showed up this December for investors,” said Greg Bassuk, chief executive at AXS Investments in …
U.S. stocks end lower on mixed economic data, recession fears Read More »
By Jonathan Stempel (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit accusing Alphabet Inc’s Google and several other companies of violating the privacy of children under age 13 by tracking their YouTube activity without parental consent, in order to send them targeted advertising. The 9th U.S. Circuit Court of Appeals in Seattle …
Google, YouTube content providers must face U.S. children’s privacy lawsuit Read More »
By Jonathan Stempel NEW YORK (Reuters) – Sam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange. The 30-year-old is expected to be arraigned on the afternoon of Jan. 3, 2023, before U.S. District Judge …
Sam Bankman-Fried to enter plea in FTX fraud case Read More »
By Moira Warburton (Reuters) – The popular Chinese video app TikTok has been banned from all U.S. House of Representatives-managed devices, according to the House’s administration arm, mimicking a law soon to go into effect banning the app from U.S. government devices. The app is considered “high risk due to a number of security issues,” …
U.S. House administration arm bans TikTok on official devices Read More »
(Corrects number of trading days left this year to three instead of four, paragraph 8) By Stephen Culp NEW YORK (Reuters) -Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate sensitive megacap shares. Growth stocks dragged the tech-laden Nasdaq down the most. The …
S&P 500, Nasdaq close lower, weighed by growth stocks Read More »
(Reuters) -Tesla Inc shares fell 11.4% on Tuesday following a Reuters report that Tesla was planning to run a reduced production schedule in January at its Shanghai plant sparked worries of a drop in demand in the world’s biggest car market. The stock, which fell to its lowest in more than two years and had …
Tesla shares extend losses on demand worries in China Read More »
(Reuters) – Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported on Tuesday citing a person familiar with the case. The criminal probe into the stolen assets, launched by the Department of Justice is separate from fraud case …
U.S. probes how $370 million vanished in hack after FTX bankruptcy – Bloomberg News Read More »
By Anirban Sen and Diane Bartz NEW YORK/WASHINGTON (Reuters) -Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden – antitrust watchdogs who are undaunted when they lose such battles in court. The U.S. Justice Department and Federal Trade Commission (FTC) have attempted to …
Analysis-Dealmakers grapple with unprecedented U.S. challenge to mergers Read More »
