By Jonathan Stempel NEW YORK (Reuters) -Elon Musk’s lawyers urged a federal appeals court to throw out a provision in his 2018 consent decree with the U.S. Securities and Exchange Commission (SEC) requiring a Tesla Inc lawyer to vet some of his posts on Twitter. In a brief filed late on Tuesday with the 2nd …
Elon Musk seeks to narrow SEC consent decree, end pre-approval of tweets Read More »
(Reuters) -AGL Energy’s top shareholder, Grok Ventures, nominated four additional directors to the Australian power producer’s board on Wednesday, a day before the company is scheduled to spell out plans for a new business strategy. Tech billionaire and green activist Mike Cannon-Brookes, via his private investment arm Grok Ventures, has been vying for more influence …
AGL Energy’s top shareholder nominates four new board members Read More »
MILAN (Reuters) – Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of next year after what UniCredit expects to be a mild recession, CEO Andrea Orcel said. Speaking at the UILCA union national congress, Orcel said the extent of the pessimism of …
UniCredit CEO says firms, families are adjusting, sees recovery at end-2023 Read More »
By Michelle Price (Reuters) -U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed …
U.S. fines 16 Wall Street firms $1.8 billion for talking deals, trades on personal apps Read More »
(Reuters) -Canada’s BlackBerry Ltd beat analysts’ estimates for second-quarter revenue on Tuesday, powered by demand for its QNX automotive software from automakers betting on more connected vehicles. BlackBerry’s QNX software is now embedded in over 215 million vehicles worldwide, it said, helped by surging demand for electric vehicles and connected-car technologies.The company recently added global …
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 recording its lowest close in almost two-years as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn. The benchmark S&P …
S&P 500 ends near two-year low as bear market deepens Read More »
By Chuck Mikolajczak (Reuters) -The S&P 500 fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August after …
S&P 500 falls to two-year low, bear market rally snuffed out Read More »
(Reuters) -Canopy Growth Corp said on Tuesday it will divest its retail business across Canada, as the pot producer steps up efforts to turn profitable. The business includes stores operating under the Tweed and Tokyo Smoke retail banners. Canopy has been focusing on premium high-potency offerings and has undertaken cost cuts through layoffs, exits from …
Canopy Growth to divest Canadian retail operations Read More »
By Renju Jose and Byron Kaye SYDNEY (Reuters) -Australian telecoms giant Optus came under more fire from the government on Tuesday for a massive cyber breach, while an anonymous online account believed to be that of the hackers said it was deleting stolen data and withdrawing a $1 million ransom demand. Singapore Telecoms-owned Optus, the …
Optus under further fire for cyber breach, purported hacker claims data deleted Read More »
By Paresh Dave OAKLAND, Calif. (Reuters) – The U.S. Federal Trade Commission should investigate how data brokers including Equifax Inc and Experian Plc have amassed payroll records about most Americans, a small rival urged in a letter to the agency on Monday that was seen by Reuters. For decades, companies such as Equifax have acquired …
FTC should probe payroll data deals by brokers like Equifax, rival says Read More »
