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July 4, 2022

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S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Oslo shooting suspect named as police advise against Pride gathering

Reuters
People bring flowers and rainbow flags to pay tribute to the victims as they take part in a spontaneous Pride parade, following a shooting at the London Pub, a popular gay bar and nightclub, after the official event was cancelled, in Oslo, Norway, June 25, 2022. Haakon Mosvold Larsen/NTB/via REUTERS......

Samsung Australia fined $9.7 mln over false water-resistance claims

Reuters
A woman tries out a Samsung Electronics’ Galaxy Note 8 at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics......

Swedish court upholds ban on Huawei sale of 5G gear

Reuters
STOCKHOLM, June 22 (Reuters) – A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei (HWT.UL) from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly......

Big Tech bill advocates and critics keep pressure on U.S. lawmakers

Reuters
The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 21 (Reuters) – Supporters of a U.S. bill aimed at reining in Big Tech platforms like Amazon.com (AMZN.O) and Alphabet’s Google (GOOGL.O) have flooded lawmakers with......

Leonardo’s DRS to land on Nasdaq with RADA takeover

Reuters
Leonardo logo and stock graph seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MILAN, June 21 (Reuters) – Leonardo’s (LDOF.MI) U.S. electronics business DRS (2VZ.F) has agreed an all-stock takeover of Israel’s RADA Electronic Industries , the Italian......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

Regulator calls for Big Tech privacy cases to be handled by EU watchdog

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 Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 17 (Reuters) – Cross-border Big Tech privacy cases should be handled by the EU watchdog rather......

WikiLeaks’ founder Assange vows to fight extradition from UK to United States

Reuters
UK’s Patel approves extradition request Assange has 14 days to appeal Assange’s wife says dark day for press freedom Australia says case has dragged on too long LONDON, June 17 (Reuters) – The wife of Julian Assange vowed to fight using every possible legal avenue after British Home Secretary Priti......

Qualcomm wins fight against $1 bln EU antitrust fine

Reuters
LUXEMBOURG, June 15 (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

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......

U.S. bill to rein in Big Tech backed by dozens of small and big companies

Reuters
WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Last week, Democratic U.S. Senator Amy Klobuchar and......

In ‘miracle’ city Shenzhen, fears for China’s economic future

Reuters
SHENZHEN, China, June 13 (Reuters) – (This June 12 story has been refiled to clarify location in penultimate paragraph) David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked......

Dutch watchdog says Apple to offer other payment methods in dating apps

Reuters
The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register June 11 (Reuters) – The Netherlands’ antitrust watchdog on Saturday said Apple......

Apple to fund pay-later loans off its own balance sheet

Reuters
A smartphone with the Apple Pay logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustratio Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Apple Inc (AAPL.O) plans to fund loans for its forthcoming Apple Pay Later service off......

EU agrees single mobile charging port in blow to Apple

Reuters
IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 7 (Reuters) – Apple (AAPL.O) will have to change the connector on iPhones sold in Europe......

Wall St slides as solid jobs data supports rate hike bets

Reuters
Apple weighs the most on all three major indexes U.S. job growth beats expectations in May Indexes down: Dow 0.79%, S&P 1.40%, Nasdaq 2.29% June 3 (Reuters) – U.S. stock indexes fell on Friday after a solid jobs report appeared to give the Federal Reserve a green light to continue......

Apple to improve working hours for retail staff – Bloomberg News

Reuters
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register June 2 (Reuters) – Apple Inc (AAPL.O) will make work schedules for retail staff......

Elon Musk tells Tesla staff: return to office or leave

Reuters
June 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees on Tuesday night and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in......

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