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By Eva Mathews (Reuters) -Digital intruders broke into News Corp email accounts and compromised the data of an unspecified number of journalists, the company disclosed Friday. The media firm’s internet security adviser said the hack was likely aimed at gathering intelligence for Beijing’s benefit. News Corp, which publishes the Wall Street Journal, said the breach …

China suspected in hack of journalists at News Corp Read More »

SAN FRANCISCO (Reuters) – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to a …

Ford to suspend or cut output at 8 of its factories due to chip shortage Read More »

By David French and Bansari Mayur Kamdar (Reuters) – Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth …

Nasdaq regains ground after choppy week driven by big tech earnings Read More »

FRANKFURT (Reuters) – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker has said it plans to develop the world’s first zero-emission hydrogen fuelled commercial aircraft by 2035. Faury told the Welt am Sonntag newspaper that …

Airbus may make engines for hydrogen fuelled planes, CEO tells paper Read More »

By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years. More hot jobs data on Friday drove …

Analysis-Emerging market investors dive for stocks amid Fed storm Read More »

NEW YORK (Reuters) -Bank of America Corp Chief Executive Brian Moynihan’s total compensation for 2021 rose by $7.5 million, or more than 30%, a regulatory filing showed on Friday. Moynihan will receive $32 million for his work during the year, compared with $24.5 million in 2020, the first year of the pandemic when he and …

Bank of America CEO’s pay rises more than 30% for 2021 Read More »

(Reuters) – The U.S. Federal Trade Commission and the U.S. Securities and Exchange Commission have asked Biogen Inc to provide information on the approval and marketing of its new Alzheimer’s disease treatment, Aduhelm, the drugmaker disclosed in a filing. Biogen in its annual report on Thursday said it received a civil investigative demand, similar to …

Biogen says U.S. FTC, SEC probing Alzheimer’s disease drug Read More »

By Blake Brittain and Jonathan Stempel (Reuters) – A U.S. appeals court on Friday threw out a jury verdict ordering Apple Inc and Broadcom Inc to pay $1.1 billion to the California Institute of Technology for infringing its Wi-Fi technology patents, and ordered a new trial on damages. The U.S. Court of Appeals for the …

Apple, Broadcom win new trial in $1.1 billion Caltech patent case Read More »

By Ann Saphir (Reuters) – U.S. President Joe Biden’s nominees to the Federal Reserve’s Board of Governors have completed their first official step in the confirmation process with nomination hearings before the Senate Banking Committee. Here’s what’s next for the new leadership of the U.S. central bank as it girds for its battle with high …

Explainer-What’s next as Biden’s Fed nominees await Senate action Read More »