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July 4, 2022

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Wall Street ends first day of third quarter with solid rebound

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. REUTERS/Brendan McDermid/Files Register now for FREE unlimited access to Reuters.com Register U.S. factory activity decelerates more than expected in June Micron’s downbeat forecast prompts chip sell-off Kohl’s tumbles after calling......

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......

H&M profit jumps as shoppers hit stores after pandemic

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, June 29 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday......

Marine Serre stretches style traditions at Paris Fashion Week

Reuters
PARIS, June 25 (Reuters) – French label Marine Serre sent athletes and artists to stroll a track field runway on Saturday evening, showcasing a sport-inspired wardrobe infused with artistic references in an all-ages, open-to-the-public fashion show. Like Olympic opening ceremonies, delegations succeeded one another. First up was a squad of......

India plans safety rating system for passenger cars

Reuters
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......

Italy’s Saipem sets terms for cash call, shares drop 15%

Reuters
A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo Register now for FREE unlimited access to Reuters.com Register New shares offered at 1.013 euros each Capital hike to run from June 27 to July 11 Core......

Primark to trial Click & Collect but online delivery still off the agenda

Reuters
The Primark logo can be seen on windows at Primark’s new Spanish flagship store in Madrid, Spain, October 15, 2015. REUTERS/Andrea Comas Register now for FREE unlimited access to Reuters.com Register To trial Click & Collect on children’s products Primark sales up 81% in third quarter Parent AB Foods’ sales......

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......

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......

UN rights chief says no to second term amid China trip backlash

Reuters
UN High Commissioner for Human Rights Michelle Bachelet attends an event at the United Nations in Geneva, Switzerland, November 3, 2021. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register Bachelet to leave post after one term Surprise announcement comes after China visit in May Flags Russian......

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......

U.S. VP touts $3.2 bln investment aimed at stemming Central America migration

Reuters
LOS ANGELES/WASHINGTON, June 7 (Reuters) – U.S. Vice President Kamala Harris has pooled $3.2 billion in corporate pledges aimed at addressing some of the economic factors driving migration from Central America, her office said on Tuesday, lending impetus to measures to be discussed at the Summit of the Americas this......

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......

JD Sports, Elite broke law over Rangers FC merchandise pricing, UK watchdog finds

Reuters
A man walks past a Rangers’ soccer club poster at their Ibrox Stadium in Glasgow, Scotland December 19, 2012. REUTERS/David Moir/ Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – Britain’s biggest sportswear retailer JD Sports (JD.L) and rival Elite Sports broke competition law by fixing......

Ted Baker says preferred bidder backs out of making takeover offer

Reuters
People walk past a Ted Baker store on Floral Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022. REUTERS/Peter Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – British fashion chain Ted Baker (TED.L) said on Tuesday its preferred bidder will......

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