MOSCOW (Reuters) -Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. The U.S. computer firm, a vital supplier of servers in Russia, has joined others in curtailing operations since Moscow sent tens of thousands …
Dell ceases all Russian operations after August offices closure Read More »
(Reuters) – Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private data of users, a court filing showed. The financial terms were not disclosed in the filing on Friday that asked the judge to put …
Meta’s Facebook agrees to settle data privacy lawsuit Read More »
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in the bank’s inflation-fighting credentials. The ECB raised rates by 50 basis points to zero last month and …
ECB policymakers make the case for a big rate hike Read More »
By Ann Saphir and Howard Schneider JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third straight 75-basis point interest rate hike next month on U.S. inflation data, not the closely-watched jobs report. Fed Chair Jerome Powell on Friday …
Fed’s Mester: no ‘lean’ on size of Sept rate hike, depends on inflation Read More »
WASHINGTON (Reuters) – The U.S. Energy Secretary urged domestic oil refiners this month to not further increase exports of fuels like gasoline and diesel, adding that the Biden administration may need to consider taking action if the plants do not build inventories. U.S. refiners have boosted oil product exports this month as domestic crude oil …
U.S. energy secretary urges refiners not to increase fuel exports Read More »
(Reuters) -Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world’s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the year’s high of $48,234 hit on March …
(Reuters) – Abbott Laboratories has restarted production of its Similac infant formula at the plant in Sturgis, Michigan at the center of the U.S. baby formula shortage. Abbott, the biggest U.S. supplier of baby formula, in February recalled Similac and other infant formula products produced at the Michigan facility after reports of bacterial infections in …
Abbott restarts Similac infant formula production at Michigan facility Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp on Friday filed suit asking a federal judge to stop one of its largest delivery contractors from spreading misinformation about its business for financial gain, and confirmed that it severed its relationship with him, effective immediately. FedEx’s lawsuit seeks injunctive relief and monetary damages from a “coordinated …
FedEx sues, then cuts ties with delivery contractor Patton Read More »
(Reuters) -3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. judge on Friday ruled that the bankruptcy of a subsidiary did not stop lawsuits against the non-bankrupt parent company. Companies that file for bankruptcy typically receive an immediate reprieve from lawsuits, and 3M …
3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case Read More »
(Reuters) – Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, Bloomberg news reported late on Friday. The company plans to introduce its budget-friendly option in the final three months of the year across at least half a dozen geographies. However, the full rollout may have …
Netflix mulls $7-$9 per month for its ad-supported subscription – Bloomberg News Read More »
