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By Svea Herbst-Bayliss (Reuters) – A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is on Tuesday but enough investors had voted by Monday evening for …

Most Twitter shareholders vote in favor of sale to Musk-sources Read More »

SAN FRANCISCO (Reuters) -General Motors’ self-driving technology unit Cruise aims to start offering driverless rides in Phoenix, Arizona, and Austin, Texas, in 90 days, Cruise Chief Executive Kyle Vogt said on Monday. Speaking at a Goldman Sachs conference, Vogt also said Cruise aims to hit $1 billion in revenue by 2025. In June, Cruise started …

GM’s self-driving car unit to offer driverless rides in Phoenix, Austin this year Read More »

By Jonathan Stempel NEW YORK (Reuters) -AstraZeneca Plc on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it unlikely the treatment would win regulatory approval in the United States. U.S. District Judge Paul Oetken in Manhattan said AstraZeneca shareholders in the proposed class …

AstraZeneca beats U.S. shareholder lawsuit over COVID vaccine disclosures Read More »

(Reuters) -Peloton Interactive Inc said on Monday co-founder John Foley would step down from his role as the fitness equipment maker’s executive chair “to start a new professional chapter”, effective Sept. 12. Foley, who co-founded Peloton in 2012 with four others, will be replaced by Karen Boone, who was elected to the company’s board in …

Peloton’s John Foley to step down from executive chair’s role Read More »

(Reuters) -Oracle Corp met Wall Street targets for first-quarter revenue on Monday as demand for its cloud services stayed strong and its acquisition of healthcare IT firm Cerner started to pay off. With hybrid work gaining traction worldwide, Oracle has been looking to bolster its cloud offerings and close the gap to rivals Microsoft Azure …

Oracle meets revenue targets on cloud strength, Cerner boost Read More »

(Reuters) -A U.S. regulator on Monday fined Bank of America Corp $5 million for failing to report over-the-counter options positions approximately 7.42 million times, making it harder to monitor markets for possible manipulative behavior. The Financial Industry Regulatory Authority said BofA Securities’ failures occurred from 2009 to October 2020, and included 26 options positions that …

Bank of America is fined $5 million for failing to report 7.42 million options positions Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street extended its winning streak on Monday, rallying to a sharply higher close as investors awaited crucial inflation data that could provide clues about the duration and severity of the Federal Reserve’s tightening policy. Energy and technology shares helped the three major U.S. stock indexes touch two-week …

Wall Street posts fourth straight day of gains ahead of CPI report Read More »

BERLIN (Reuters) – Hellofresh is working closely with the United States Department of Agriculture (USDA) and one of its suppliers following a public health alert, the company said on Monday, describing the measure as “purely precautionary”. The USDA notification affects a very small percentage of customers in the United States who had received ground beef …

Hellofresh: working closely with U.S. regulator after public health alert Read More »

By Ebru Tuncay, Nevzat Devranoglu and Ceyda Caglayan ISTANBUL (Reuters) – Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and private sector sources told Reuters. The new rules, part of President Tayyip Erdogan’s unorthodox management …

Exclusive-Flurry of new rules leave Turkish banks struggling to lend -sources Read More »