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October 25, 2021

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Facebook invests billions in metaverse efforts as ad business slows

Reuters
by Reuters00
3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration Oct 25 (Reuters) – Facebook Inc (FB.O) said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising......
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Amazon’s Staten Island warehouse workers file petition for union election – NLRB

Reuters
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An employee pulls a cart full of items at Amazon’s JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid. Oct 25 (Reuters) – Amazon.com Inc’s (AMZN.O) warehouse workers in New York’s Staten Island have filed a petition to form a union, the U.S. National Labor......
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Tesla drives toward $1 trillion club on record Hertz order

Reuters
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The desk of car rental company Hertz is seen at Nice International airport during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. REUTERS/Eric Gaillard Oct 25 (Reuters) – Tesla Inc (TSLA.O) on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received......
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Aurubis optimistic despite impact of pandemic, chip crisis, energy prices

Reuters
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A mine employee shows a piece of copper ore at the Kilembe mines, in the foothills of the Rwenzori Mountains, 497km (309 miles) west of Uganda’s capital Kampala, January 31, 2013. REUTERS/James Akena HAMBURG, Oct 25 (Reuters) – Aurubis AG (NAFG.DE), Europe’s largest copper producer, remains confident it will achieve......
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PayPal says is not pursuing acquisition of Pinterest

Reuters
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A Pinterest logo is seen on a smartphone placed over U.S. dollar banknotes and a 3D printed PayPal logo in this illustration taken October 20, 2021. REUTERS/Dado Ruvic/Illustration Oct 25 (Reuters) – PayPal Inc (PYPL.O)is not pursuing an acquisition of Pinterest Inc (PINS.N) at this time, the online payments provider......
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Former Credit Suisse security head targeted in Swiss regulator’s investigation

Reuters
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Switzerland’s national flag flies above the logo of Swiss bank Credit Suisse at its headquarters in Zurich, Switzerland April 18, 2021. REUTERS/Arnd Wiegmann/File Photo ZURICH, Oct 24 (Reuters) – Credit Suisse’s (CSGN.S) former head of global security services is one of three people targeted in a new investigation announced last......
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Rocky Mountain high: U.S. looks to Colorado for methane emissions policy

Reuters
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WASHINGTON, Oct 24 (Reuters) – U.S. environmental regulators are expected to base new rules for controlling methane emissions from oil and gas operations on the nation-leading policies of a state that has been tamping down on the potent greenhouse gas for seven years – Colorado. The U.S. Environmental Protection Agency......
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EXCLUSIVE Italy and UniCredit close to ending talks over MPS sale-sources

Reuters
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Banca Monte dei Paschi’s headquarters in Siena, Italy, October 27, 2017. REUTERS/Stefano Rellandini/File Photo Agreed to exclusive talks on July 29 Fail to bridge gap over MPS’ recapitalisation needs Framework studied for UniCredit could apply in standalone plan LONDON, Oct 23 (Reuters) – Italy’s government and UniCredit (CRDI.MI) are preparing......
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Snam CEO hopeful COP26 will provide definition for ‘blue hydrogen’

Reuters
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Italian gas group Snam logo is seen outside their office in Rome, Italy, June 4, 2020. REUTERS/Guglielmo Mangiapane LONDON, Oct 23 (Reuters) – The chief executive of Italian gas infrastructure group Snam (SRG.MI) said that he hopes the COP26 climate conference in Glasgow will provide an agreed definition for “blue......
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U.S. appeals court hints at support for Rio’s Resolution copper mine

Reuters
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The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. Oct......
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Wall St Week Ahead Tech giants’ earnings may be another test for markets at new highs

Reuters
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People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Oct 22 (Reuters) – Investors are homing in on a flood of earnings reports from Wall Street’s tech and Internet giants, as the high-growth......
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Ex-Giuliani associate Parnas found guilty of violating U.S. campaign finance law

Reuters
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NEW YORK, Oct 22 (Reuters) – A federal jury on Friday convicted Lev Parnas, a one-time associate of Donald Trump’s former personal lawyer Rudy Giuliani, of violating U.S. campaign finance laws during the 2018 elections. Parnas, a Ukraine-born American businessman and his former associate Igor Fruman were accused of soliciting......
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Turkey’s Halkbank can be prosecuted over Iran sanction violations, U.S. appeals court rules

Reuters
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The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. Oct......
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EXCLUSIVE SoftBank in talks to sell French robotics business to Germany’s United Robotics

Reuters
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TOKYO, Oct 22 (Reuters) – SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. The talks are ongoing......
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Nasdaq set for lower open after Intel’s margin warning

Reuters
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......
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Schlumberger quarterly profit rises as oilfield services demand recovers

Reuters
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The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston January 16, 2015. REUTERS/Richard Carson Oct 22 (Reuters) – Schlumberger NV (SLB.N) reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for the company’s oilfield services and related equipment from......
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Stellantis powers up electric plans with Samsung SDI U.S. deal

Reuters
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A Stellantis sign is seen outside the company’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Follows similar deal with battery maker LGES JVs to provide up to 80 GWh annual battery capacity Stellantis aims for over 40% of U.S. sales from EVs Group targets global......
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China Evergrande lines up funds for interest payment to avert default -source

Reuters
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Evergrande remits funds for interest payment to trustee -source Company faced end of 30-day grace period for payment on Oct. 23 Evergrande shares jump, drive gains in other developers Next 30-day grace period expires Oct. 29 for Sept. 29 payment HONG KONG/SHANGHAI, Oct 22 (Reuters) – China Evergrande Group (3333.HK)......
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Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
by Reuters00
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......
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Western Digital talks to merge with Kioxia stall – sources

Reuters
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A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo Oct 21 (Reuters) – Western Digital Corp’s (WDC.O) talks to merge with Japanese chipmaker and partner Kioxia Holdings Corp have stalled over the last few weeks, two people familiar with the matter told......
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