Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Foo Yun Chee Published Dec 20, 2022 • 2 minute read Join the conversation Article content BRUSSELS — EU antitrust regulators have asked game developers and distributors if they think Microsoft will block their access to Activision Blizzard’s games once it has bought […]
Article content WASHINGTON — Democratic Senator Elizabeth Warren on Monday raised concerns that Tesla Inc’s board of directors has failed to meet its legal responsibility to protect the electric vehicle maker in the aftermath of company Chief Executive Elon Musk’s acquisition of Twitter, and questioned the reported use of Tesla employees at the social media […]
Article content (Recasts with details, share reaction, analyst comments) SAO PAULO, Dec 15 (Reuters) – Article content Shares in Brazilian telecom firm Oi SA soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that lasted more than six years. Oi filed in June 2016 for Brazil’s […]
Article content LONDON — HONG KONG, Dec 8 (Reuters) – Apple supplier Foxconn’s COVID-hit Zhengzhou facility in China has lifted its “closed-loop” management curbs on Thursday, it said in a statement posted on its WeChat account. The Zhengzhou industrial park where Foxconn’s plant locates has been under a so-called closed-loop system that isolated the plant […]
Article content WASHINGTON — The number of Americans filing new claims for unemployment benefits rose moderately last week, pointing to a still-tight and strong labor market despite growing fears of a recession. Initial claims for state unemployment benefits increased 4,000 to a seasonally 230,000 for the week ended Dec. 3, the Labor Department said on […]
Article content Twitter Inc shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal to buy the social media company. Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco on Wednesday and […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Alexander Marrow and Supantha Mukherjee Article content MOSCOW/STOCKHOLM — SAP will miss its deadline to exit Russia before the end of the year as the German software group has failed to find a buyer for the unit, five sources told Reuters, underscoring the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Amruta Khandekar Article content European shares dropped on Thursday after Liz Truss said she was resigning as UK’s prime minister, brought down by her economic program that wrecked havoc on markets. The region-wide STOXX 600 was down 0.2%, after rising as much as […]
Article content WASHINGTON — U.S. Treasury Secretary Janet Yellen is set to resume her campaign-style promotion of President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semi-conductors, clean energy and other technologies. The Treasury said Yellen will deliver remarks and meet with entrepreneurs at the Virginia […]
Article content Starboard Value LP has taken a stake in Salesforce Inc, CNBC reported, citing the activist investment firm’s founder Jeff Smith. Shares of the software firm, which fell about 42% this year, rose more than 7% in trading before the bell. Article content The hedge fund did not disclose the size of the stake […]