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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......

Muted start to new quarter for European equities as recession worries weigh

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 29, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Euro zone inflation hits another record, tops estimates Micron’s bleak outlook weighs on chip stocks Italy, Spain’s factory activity growth slows......

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......

‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

Reuters
LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

Russian e-commerce firm Ozon starts selling goods via parallel imports mechanism

Reuters
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 23 (Reuters) – Russian e-commerce firm Ozon (OZON.O) said on Thursday it had started selling goods through a parallel imports mechanism on its platform, benefiting from legislation Russia has brought in......

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......

EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

Reuters
TOKYO/HONG KONG, June 23 (Reuters) – Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said......

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......

Sony, Honda sign JV to sell electric cars by 2025

Reuters
June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

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......

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