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By Doyinsola Oladipo (Reuters) -The National Labor Relations Board (NLRB) said on Monday it was unlawful for Tesla Inc to prohibit employees from wearing shirts bearing union insignia, ruling in a 2017 dispute between the electric car maker and the United Automobile Workers (UAW) union. NLRB Chair Lauren McFerran said the decision reaffirms “any attempt to …

U.S. agency: ‘unlawful’ for Tesla to prevent employees from wearing union shirts Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Trade Commission (FTC) on Monday sued Idaho-based data broker Kochava Inc for selling geolocation data from hundreds of millions of mobile devices that could be used to track consumers. The FTC said consumer data could be used to trace people’s movements to and from sensitive locations …

U.S. sues broker for selling data that could track church, health clinic visits Read More »

(Reuters) -Zendesk Inc investor Light Street Capital Management said it would vote against the software company’s $10.2 billion deal to go private and instead proposed that it remain a standalone public company and find a new top boss. Light Street, which manages funds that own more than 2% of Zendesk, said on Monday the deal …

Light Street Capital to vote against Zendesk’s $10.2 billion go-private deal Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower on Monday, adding to last week’s sharp losses on nagging concerns about the Federal Reserve’s determination to aggressively hike interest rates to fight inflation even as the economy slows. Fed Chair Jerome Powell said on Friday the U.S. economy would need tight monetary policy …

Wall Street retreats as rate hike concerns persist Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Pivot? What pivot? Fed chief Jerome Powell stepped up the fight against inflation in his Jackson Hole speech on Friday, making it clear that there will be no “pivot” to a looser policy stance any time soon. Instead, U.S. households and …

Powell’s ‘pain’ Read More »

OSLO (Reuters) – Norway’s Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed. The company has hired U.S. investment bank Houlihan Lokey to advise on the sale, which could fetch up to $500 …

Norway’s Equinor eyes sale of stake in Statfjord field, presentation shows Read More »