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July 9, 2020
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Reuters - Business

Wirecard faces loan crunch over missing $2.1 billion

Reuters
BERLIN (Reuters) – Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending the German payments firm’s shares down over 60% on Thursday as it warned the delay could cause billions in loans to be called in as early as Friday. FILE PHOTO: An......
Reuters - Business

Glass Lewis joins ISS in opposing Tesla chairwoman’s re-election to board

Reuters
(Reuters) – Glass Lewis said on Thursday that it urged Tesla Inc (TSLA.O) investors to vote against re-electing Chairwoman Robyn Denholm to the company’s board, making it the second proxy advisory firm to oppose her appointment. FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica......
Reuters - Business

Glass Lewis opposes Tesla chairwoman’s re-election to Board: Bloomberg News

Reuters
FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica 2019 in Bauska, Latvia July 23, 2019. REUTERS/Ints Kalnins (Reuters) – Proxy-adviser Glass Lewis has urged Tesla Inc (TSLA.O) investors to vote against re-electing chairwoman Robyn Denholm to the company’s board due to an arrangement with......
Reuters - Business

The future of media: more digital and more economic pain, Reuters Institute says

Reuters
LONDON (Reuters) – The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said. Men wearing protective face masks work at a printing press amid the coronavirus......
Reuters - Business

Amazon’s business practices examined by two U.S. states

Reuters
(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon......
Reuters - Business

Amazon’s business practices examined by two U.S. states: reports

Reuters
(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon......
Reuters - Business

California examines Amazon’s business practices: WSJ

Reuters
FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol (Reuters) – California investigators are examining Amazon.com Inc’s (AMZN.O) business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar with the matter. The......
Reuters - Business

China’s Tencent Music reports passive stake in Warner Music

Reuters
FILE PHOTO: Tencent Music Entertainment celebrates the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith/File Photo (Reuters) – China’s Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp,......
Reuters - Business

Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 – sources

Reuters
NEW DELHI (Reuters) – U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. FILE PHOTO: The......
Reuters - Business

Exclusive: Netflix in talks to source local Indian content from Reliance affiliate Viacom18 – sources

Reuters
NEW DELHI (Reuters) – U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. FILE PHOTO: The......
Reuters - Business

U.S. lawmakers ask Zoom to clarify China ties after it suspends accounts

Reuters
SHANGHAI (Reuters) – Three U.S. lawmakers asked Zoom Video Communications Inc (ZM.O) to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing. FILE PHOTO: A 3D printed Zoom logo is placed between small toy people......
Reuters - Business

Palantir close to registering for stock market debut: sources

Reuters
(Reuters) – Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said. FILE PHOTO: The logo of U.S. software company Palantir Technologies......
Reuters - Business

Zoom says China demanded shutting activists’ accounts over Tiananmen event

Reuters
FILE PHOTO: A 3D printed Zoom logo is placed between small toy people figures and a keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – Zoom Video Communications Inc (ZM.O) said on Thursday the Chinese government demanded the termination of four public meetings held on its video......
Reuters - Business

Taco Bell parent Yum sues Grubhub for alleged violation of delivery deal

Reuters
FILE PHOTO: Taco Bell shop is seen during the opening ceremony of a Taco Bell restaurant in Bangkok, Thailand January 22, 2019. REUTERS/Soe Zeya Tun NEW YORK (Reuters) – Taco Bell parent Yum Brands Inc (YUM.N) sued Grubhub Inc (GRUB.N) on Thursday for allegedly violating a delivery contract, a day......
Reuters - Business

Comcast, media mogul Byron Allen reach carriage deal

Reuters
FILE PHOTO: Comedian Byron Allen arrives at the 31st Independent Spirit Awards in Santa Monica, California February 27, 2016. REUTERS/Danny Moloshok (Reuters) – Comcast Corp (CMCSA.O) said on Thursday it reached a content carriage deal with comedian-turned media mogul Byron Allen, who withdrew a lawsuit about racial bias against channels......
Reuters - Business

Amazon pauses police use of its facial recognition tech for a year

Reuters
(Reuters) – Amazon.com Inc (AMZN.O) on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, halting a business it long defended as many protested law enforcement brutality against people of color. The decision culminates a two-year battle between Amazon and civil liberties activists,......
Reuters - Business

Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion

Reuters
AMSTERDAM/NEW YORK (Reuters) – European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China. FILE PHOTO: Signage for Just Eat is seen on the......
Reuters - Business

Amazon pauses police use of facial recognition tech for a year

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc (AMZN.O) on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, reversing its long-time support of selling the......
Reuters - Business

Thousands of Vodafone UK customers face call connection problems

Reuters
FILE PHOTO: A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall (Reuters) – Thousands of British customers of Vodafone Group Plc (VOD.L), the world’s second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved within an hour. At......
Reuters - Business

IBM exits facial recognition business, calls for police reform

Reuters
FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez WASHINGTON (Reuters) – International Business Machines Corp (IBM.N) disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new......

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