Reuters US Business

Judge dismisses fired Amazon worker’s lawsuit alleging discrimination

8 Feb 2022

(Reuters) – A federal judge on Monday sided with Amazon.com Inc in dismissing a discrimination lawsuit that workplace organizer Christian Smalls had filed against his former employer. U.S. District Judge Rachel Kovner rejected Smalls’ claim that Amazon had fired him because he is Black and had opposed discriminatory COVID-19 policies. Smalls’ allegation that Amazon subjected …

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Frontier to buy Spirit Airlines in $2.9 billion budget carrier deal

8 Feb 2022

By Rajesh Kumar Singh and Aishwarya Nair CHICAGO (Reuters) -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up likely to tighten competition against traditional carriers. The proposal to form a new no-frills carrier controlled by Frontier Airlines pushed up shares …

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Australia businesses suffer Omicron blues in Jan – survey

8 Feb 2022

By Wayne Cole SYDNEY (Reuters) – A measure of Australian business conditions took a turn for the worse in January as a surge in coronavirus cases hit consumer spending, though firms were optimistic the hit would be short-lived. Tuesday’s survey from National Australia Bank (NAB) showed its index of business conditions dropped 5 points to …

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Meta exec pitches metaverse business to advertisers

8 Feb 2022

By Elizabeth Culliford (Reuters) – The metaverse will open up more ways for businesses to make money, an executive from Facebook parent Meta Platforms Inc told an advertising conference on Monday, in a presentation complete with a video showing holographic avatars fencing and playing basketball. The company’s head of metaverse, Vishal Shah, cited opportunities for …

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Twitter-funded social media project Bluesky adds Jack Dorsey to board

8 Feb 2022

By Sheila Dang (Reuters) – Bluesky, a Twitter Inc-funded project that is seeking to rebuild how social media companies operate, said on Monday Twitter co-founder and former chief executive Jack Dorsey will join the company’s board. Bluesky is working to build a technology that would allow different social media companies to operate on the same …

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Take-Two revenue view falls short of estimates on thin games lineup

8 Feb 2022

(Reuters) -Take-Two Interactive Software Inc on Monday projected fourth-quarter revenue below market expectations, a sign that its thin lineup of new titles would overshadow the boost from the “Grand Theft Auto” franchise. The publisher of “NBA 2K” and “WWE 2K” games also missed estimates for net bookings – the total amount products and services sold …

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Experts split over noise rules for supersonic jet comeback

8 Feb 2022

By Allison Lampert MONTREAL (Reuters) – Environmentalists and some European nations are set to clash with the United States over a possible comeback of supersonic travel, saying efforts to set noise guidelines by the middle of the decade could weaken efforts to fight climate change. Nearly two decades after the last flight of Anglo-French Concorde, …

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Meta weighs on U.S. shares, European stocks rise after rout

8 Feb 2022

By Chris Prentice and Carolyn Cohn WASHINGTON/LONDON (Reuters) -Wall Street shares finished broadly lower on Monday, while European stocks rose following five straight weeks of declines and European bond yields soared on speculation of monetary tightening. Markets are on alert for rate rises in both the euro zone and the United States after the ECB …

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