By Chris Kirkham (Reuters) -Tesla’s gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk’s 2018 pay package — still tied up in court — could eat up years’ worth of the electric vehicle maker’s future profits. The Delaware Supreme Court will soon decide whether to reverse a lower-court …
By Stephen Nellis SAN FRANCISCO (Reuters) -IBM and Cisco Systems on Thursday said they plan to link quantum computers over long distances, with the goal of demonstrating the concept is workable by the end of 2030. The move could pave the way for a quantum internet, though executives at the two companies cautioned that the …
IBM, Cisco outline plans for networks of quantum computers by early 2030s Read More »
ZURICH (Reuters) -Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday. The expansion is projected to create 700 new positions at Novartis and more than 3,000 indirect …
Novartis to build manufacturing hub in North Carolina, creating 700 jobs Read More »
WASHINGTON (Reuters) -The U.S. Bureau of Labor Statistics said on Wednesday it would not be publishing the closely watched employment report for October, but will combine nonfarm payrolls for that month with November’s report after the recently ended government shutdown prevented the collection of data for the household survey. That means October’s unemployment rate will …
US canceling October’s employment report after shutdown prevented data collection Read More »
(Reuters) -Kia America is recalling 250,547 K5 vehicles in the U.S. over a damaged fuel tank posing a fire risk, the U.S. National Highway Traffic Safety Administration said on Thursday. Affected fuel tanks will be inspected for damage and replaced, with dealers to replace the check valve, NHTSA said. (Reporting by Ananya Palyekar in Bengaluru; …
Kia America to recall over 250,000 US vehicles over fuel tank leak Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth likely picked up moderately in September, while the unemployment rate held steady near a four-year high of 4.3%, consistent with sluggish labor market conditions that economists and policymakers have blamed on low supply and demand for workers. Though the Labor Department’s closely watched employment report on Thursday …
US economy likely added jobs at a moderate pace in September Read More »
SHANGHAI/HONG KONG (Reuters) -Shares of Chinese brokerages gained on Thursday after China International Capital Corp (CICC) said it would acquire two rivals, stoking expectations of further consolidation in the country’s $1.6 trillion securities industry. State-owned CICC said it would take over Dongxing Securities and Cinda Securities via share-swaps, adding that the move would accelerate its …
Shares in Chinese brokerages climb on CICC’s plan to acquire two rivals Read More »
By Deborah Mary Sophia and Daniel Trotta (Reuters) -Former U.S. Treasury Secretary Larry Summers stepped down from positions at Harvard University and the OpenAI board on Wednesday amid the continuing fallout from his ties to the late convicted sex offender Jeffrey Epstein. Summers announced he was resigning from the board of OpenAI, developer of the …
Larry Summers leaving positions at Harvard and OpenAI after Epstein emails Read More »
By Byron Kaye SYDNEY (Reuters) -A U.S. congressional committee called on Australia’s internet regulator to testify about the country’s laws governing the internet, calling her a “noted zealot for global takedowns” who “threatens speech of American citizens.” In a letter dated November 18, House Judiciary Chair Jim Jordan, a Republican, accused Australian eSafety Commissioner Julie …
US Congress seeks testimony from Australia’s internet regulator Read More »
By Byron Kaye SYDNEY (Reuters) -A U.S. congressional committee called on Australia’s internet regulator to testify about the country’s laws governing the internet, calling her a “noted zealot for global takedowns” who “threatens speech of American citizens.” In a letter dated November 18, House Judiciary Chair Jim Jordan, a Republican, accused Australian eSafety Commissioner Julie …
US Congress seeks testimony from Australia’s internet regulator Read More »
