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August 18, 2022

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Juicy Couture owner scoops up UK’s Ted Baker for about $254 million

Reuters
Offer price of 110 pence per Ted Baker share Offer backed by Ted Baker board Aug 16 (Reuters) – Juicy Couture and Forever 21 owner Authentic Brands (ABG) (AUTH.N) has agreed to buy Ted Baker (TED.L) in a deal worth roughly 211 million pounds ($254 million), ending months of speculation......

Stellantis plans a profitable goodbye for combustion muscle cars

Reuters
A Dodge Challenger is shown at the Criswell Chrysler-Dodge-Jeep-Fiat-Ram truck dealership in Gaithersburg, Maryland October 2, 2012 Register now for FREE unlimited access to Reuters.com Register DETROIT, Aug 15 (Reuters) – Stellantis NV’s (STLA.MI) Dodge brand plans to squeeze maximum profit from the farewell party for its petrol-burning Challenger and......

Disney tops Netflix on streaming subscribers, sets higher prices

Reuters
LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The media giant will raise the monthly cost of Disney+......

Deliveroo to exit Netherlands, loss widens in first-half

Reuters
A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters) – Britain’s Deliveroo (ROO.L) said it would quit the Netherlands after failing to gain a strong local position, as it reported a larger......

Snap plans to lay off employees- The Verge

Reuters
Snapchat logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – Snap Inc (SNAP.N) is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans. The scope......

California regulator claims Tesla falsely advertised Autopilot, Full Self-Driving

Reuters
A logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing, China January 5, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK Aug 5 (Reuters) – Tesla Inc (TSLA.O), the electric car company run by billionaire Elon Musk, has......

Tokyo 2020 ex-board member got more payments from Olympic sponsor – media

Reuters
YOKOHAMA, July 31 (Reuters) – A company run by a former Tokyo Olympic organiser received more than $1 million from Games sponsor AOKI Holdings Inc (8214.T), on top of payments from the suit retailer being investigated by Tokyo prosecutors, Japanese media said. AOKI paid about 230 million yen ($1.7 million)......

Meta’s Mark Zuckerberg: Company’s pandemic-era forecast was too rosy

Reuters
July 29 (Reuters) – Meta Platforms Inc (META.O) Chief Executive Mark Zuckerberg told staffers the world’s biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during COVID-19 lockdowns would be sustained. Zuckerberg, responding to an employee question at a......

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

Reuters
July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 2.6% after hours following the release......

Google search ads beat targets despite global ‘uncertainty’

Reuters
A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Google search ads lifted parent Alphabet Inc (GOOGL.O) close to Wall Street sales expectations on Tuesday, sending shares up on......

Netflix soothes Wall Street concerns with customer growth forecast

Reuters
LOS ANGELES, July 19 (Reuters) – Netflix Inc (NFLX.O) on Tuesday averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop from April through June, and predicted it would return to customer growth during the third quarter. Shares, which have fallen roughly 67% this year on......

Texas grid facing another power shortage amid extreme heat

Reuters
Texans asked to cut power usage for third time this year Coal and gas plant outages and low wind power weigh on supply July 13 (Reuters) – Texas’s power grid operator on Wednesday asked homes and businesses to raise thermostats and cut power use amid stifling heat that threatened to......

Heatwaves hammer millions in China’s populated Yangtze River basin

Reuters
BEIJING, July 13 (Reuters) – Searing heatwaves swept across China’s vast Yangtze River basin on Wednesday, hammering densely populated megacities from the country’s commercial hub Shanghai on the coast to Chengdu deep in the country’s heartlands. More than 90 red alerts, the most severe in a three-rung warning system, were......

Italy’s watchdog warns TikTok over alleged breach of EU privacy rules

Reuters
A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/ Register now for FREE unlimited access to Reuters.com Register MILAN, July 11 (Reuters) – Italy’s data protection authority has formally warned Chinese-owned video-sharing app TikTok about an alleged breach of existing European Union......

Google offers concessions to avoid U.S. antitrust lawsuit -WSJ

Reuters
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 8 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has offered concessions to avoid a potential U.S.......

In call with Twitter staff, Elon Musk muses on space aliens, company’s future

Reuters
June 16 (Reuters) – Elon Musk addressed Twitter (TWTR.N) employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10......

Meta, Google, Twitter vow to fight fake news better as EU gets tougher

Reuters
BRUSSELS, June 16 (Reuters) – Meta , Alphabet (GOOGL.O) unit Google, Twitter (TWTR.N) and Microsoft (MSFT.O) agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories......

German cartel office examining Apple’s tracking rules

Reuters
A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register BERLIN, June 14 (Reuters) – Germany’s cartel office is looking into Apple’s (AAPL.O) rules......

Exclusive: Google, Facebook, Twitter to tackle deepfakes or risk EU fines – document

Reuters
BRUSSELS, June 13 (Reuters) – Alphabet Inc unit Google (GOOGL.O), Facebook Inc, Twitter Inc(TWTR.N) and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen......

Capitol riot hearings to argue that U.S. democracy at risk

Reuters
WASHINGTON, June 9 (Reuters) – The hearings on the 2021 attack on the U.S. Capitol by Donald Trump’s supporters will spotlight testimony by the former president’s top aides and family as a congressional committee seeks to show that the riot was, as its chairman put it, a “conspiracy to thwart......

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