Reuters US Business

(Reuters) – Pinterest Inc said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready. The news sent the company’s shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its …

Pinterest CEO steps down, Google executive to take over in e-commerce push Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season. The S&P and the Nasdaq fell about 2% and 3% respectively, with Apple Inc, Microsoft Corp and Amazon.com weighing …

Wall Street stumbles as consumer pessimism stokes growth fears Read More »

(Reuters) – Amazon.com Inc has placed a temporary purchase limit of three units per week on emergency contraceptive pills, the company said on Tuesday. The move comes days after the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized women’s constitutional right to abortion. Women with unwanted pregnancies in the country …

Amazon places purchase limit on emergency contraceptive pills Read More »

MOSCOW (Reuters) – A Moscow court fined United Parcel Service 1 million roubles ($18,900) on Tuesday for an alleged refusal to localise the data of Russian users on Russian territory, the TASS news agency reported. The fine is one of several expected to be handed to foreign companies on Tuesday. ($1 = 53.0000 roubles) (Reporting …

Russia fines United Parcel Service over data storage – TASS Read More »

JERUSALEM (Reuters) – Israel’s Competition Authority said on Tuesday it closed a case against Walt Disney and Bezeq Israel Telecom’s satellite TV unit YES after the companies agreed to cancel an exclusive streaming deal. Disney Israel launched its Disney+ streaming service in Israel earlier this month and it had forged an exclusive deal with YES …

Disney cancels exclusive Disney+ streaming deal with Israel’s YES Read More »

By Byron Kaye SYDNEY (Reuters) -Australia’s second-biggest appliances chain said on Tuesday it was pausing a trial of facial recognition technology in stores after a consumer group referred it to the privacy regulator for possible enforcement action. Use of the technology by The Good Guys, owned by JB Hi-Fi Ltd, and two other retail chains …

Australian retailer pauses facial recognition trial over privacy complaint Read More »

WASHINGTON (Reuters) – Jobs in the U.S. energy business rose 4% last year, at a faster clip than the country’s overall private sector, led by work in low-carbon vehicles, while positions in fossil fuels fell as the pandemic cut demand, the Department of Energy said on Tuesday. The U.S. Energy and Employment Report https://www.energy.gov/policy/us-energy-employment-jobs-report-useer showed …

Jobs in U.S. energy sector rose in 2021, work in low-carbon vehicles leads Read More »

(Reuters) – Oklahoma Attorney General John O’Connor said on Monday his state reached a $250 million settlement with Amerisource Bergen Corp, Cardinal Health Inc and McKesson Corp to resolve allegations the drug distributors contributed to the opioid epidemic in the state. (Reporting by Tom Hals in Wilmington, Delaware)

(Reuters) -Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood on Monday, citing people with knowledge of the matter. FTX is discussing internally how to buy the app-based brokerage and Robinhood has not received a formal takeover approach, the report said. Robinhood declined …

Bankman-Fried’s FTX internally mulling Robinhood deal – Bloomberg News Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy. The major U.S. stock indexes lost ground after oscillating earlier …

Wall Street ends down, pulled lower by growth stocks Read More »