By Foo Yun Chee and Chavi Mehta BRUSSELS/BANGALORE (Reuters) -Meta will only be able to run advertising based on personal data with users’ consent, according to a confidential EU privacy watchdo[...]
Read more
December 6, 2022
Big firms like Ticketmaster can become ‘too big to care,’ – U.S. FTC chair
By Diane Bartz WASHINGTON (Reuters) – The chair of the Federal Trade Commission, Lina Khan, on Tuesday said giant companies like Ticketmaster, which faces a tsunami of criticism for problems in[...]
Read more
Analysis-Investors face dilemma as capital increases fill IPO void
By Pablo Mayo Cerqueiro and Oliver Hirt (Reuters) – Investors in European companies are being asked to plough money into a series of capital hikes as cash-hungry companies, including Swiss lende[...]
Read more
GSK, Pfizer, Sanofi fend off thousands of U.S. lawsuits over alleged Zantac cancer link
By Brendan Pierson (Reuters) – Drugmakers GSK Plc, Pfizer Inc, Sanofi SA and Boehringer Ingelheim on Tuesday were spared thousands of U.S. lawsuits claiming that the heartburn drug Zantac caused[...]
Read more
Citigroup, Revlon lenders say three lenders ready to settle, with end in sight
By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc is close to getting back about $500 million it accidentally paid to 10 Revlon Inc lenders, with three on the verge of returning their payou[...]
Read more
Japan business mood up, global slowdown weighs on outlook – Reuters Poll
By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment of big Japanese manufacturers rose for the first time in four months in December, and the service-sector mood hit a three-year high, a Reuters mo[...]
Read more
S&P posts 4th straight decline as recession talk weighs on Wall Street
By David French (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as skittish investors fretted over Federal Reserve rate hikes a[...]
Read more
Pinterest reaches deal with activist Elliott; Steinberg to join board
NEW YORK (Reuters) – Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing[...]
Read more
U.S banks warn of recession as inflation hurts consumers; shares fall
By Saeed Azhar and Noor Zainab Hussain NEW YORK (Reuters) -The biggest U.S. banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives Tuesday.[...]
Read more