By Foo Yun Chee BRUSSELS (Reuters) -Alphabet was targeted with an EU antitrust complaint from six human and digital rights groups on Thursday which urged EU regulators to investigate whether the tech giant complies with legislation requiring it to make it easier for users to uninstall software apps. The EU’s Digital Markets Act (DMA), which …
Alphabet hit with EU antitrust complaint by six digital rights groups Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labor market conditions, though sluggish hiring is making it harder for many laid-off workers to land new opportunities. The lack of material labor market deterioration likely gives the Federal Reserve …
US labor market steady, jobless claims at three-month low Read More »
(Reuters) -Comcast on Thursday named the members to the first board of Versant Media Group, its planned spinoff that will take over a bulk of NBCUniversal’s cable networks, including USA Network, CNBC and MSNBC. The board will include Versant CEO Mark Lazarus, Chairman David Novak and eight other members with backgrounds spanning artificial intelligence, corporate …
Comcast names board of directors for media spinoff Read More »
By Utkarsh Shetti (Reuters) -Honeywell raised its annual forecasts after beating Wall Street expectations for second-quarter results on Thursday, buoyed by strong demand for its aerospace parts and maintenance services. A shortage of new jets has benefited the company that provides aircraft maintenance and repair services to airlines, which have been stuck with an older, …
Honeywell raises 2025 forecasts on sustained demand for aerospace parts, services Read More »
(Refiles article to remove several paragraphs that were inadvertently duplicated) By Jonathan Stempel (Reuters) -A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she “understands plaintiffs’ frustrations,” …
Intel beats shareholder lawsuit over $32 billion stock plunge Read More »
SAO PAULO (Reuters) -Brazilian motor maker WEG said on Thursday it expects to offset most of the impact from the 50% tariff U.S. President Donald Trump said he would impose on Brazilian goods partly by adjusting some export routes. Analysts have cited WEG – whose motors are used in vehicles, wind turbines and power transmission …
Brazil’s WEG expects to mitigate most impacts from Trump tariffs Read More »
By Byron Kaye and Scott Murdoch SYDNEY (Reuters) -Macquarie Group, employer of Australia’s best-paid CEO, said on Thursday it will review its executive compensation following a regulatory compliance lawsuit as shareholders voted against its salary plans for the first time at its annual meeting. The investment bank also announced its chief financial officer was retiring, …
Macquarie shareholders challenge executive pay as regulatory, earnings stress mount Read More »
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s headline inflation slowed in the first half of July, falling back within the central bank’s target range and fueling expectations that the bank will continue to cut interest rates in Latin America’s second-largest economy. Consumer prices rose 3.55% in the 12 months through mid-July, data from the national …
Mexico inflation fall in early July reignites rate cut expectations Read More »
By Ariba Shahid KARACHI, Pakistan (Reuters) -Global real estate firm Jones Lang LaSalle (JLL) has quit its role as financial adviser on the partial sale of the Roosevelt Hotel in New York City, which is owned by Pakistan International Airlines, to avoid client conflict of interest, Pakistan said on Thursday. Pakistan is selling a minority …
Jones Lang LaSalle exits advisory role in sale of New York’s Roosevelt Hotel Read More »
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -Massive moves in stocks such as Kohl’s and Opendoor Technologies are raising questions over whether a new wave of meme stock trading is underway and what that signals about risk appetite more broadly. Benchmark equity indexes have touched record highs, cryptocurrencies are rallying, and options …
Meme stock surge underlines market froth, mostly centred on retail investors Read More »
