By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not on[...]
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January 31, 2023
EU industry chief Breton urges more compliance efforts from Twitter’s Musk
By Foo Yun Chee BRUSSELS (Reuters) -The new few months will be crucial for Twitter to make good on commitments to fully heed European Union online content rules, EU industry chief Thierry Breton told[...]
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Peloton to report lower cash burn on bumpy road to turnaround
By Abhijith Ganapavaram and Kannaki Deka (Reuters) -Peloton Interactive Inc’s effort to cut costs in the latest quarter may have helped the fitness equipment maker burn less cash, but that only[...]
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Payments firm PayPal to lay off 7% of its workforce to cut costs
By Manya Saini (Reuters) – PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economi[...]
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U.S. labor cost growth smallest in a year
By Lucia Mutikani WASHINGTON (Reuters) – U.S. labor costs increased at their slowest pace in a year in the fourth quarter as wage growth slowed, giving the Federal Reserve a boost in its fight a[...]
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Wage data dents dollar recovery before Fed rate decision
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the[...]
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Amazon illegally threatened NYC workers ahead of union votes, judge finds
By Daniel Wiessner (Reuters) – Amazon.com Inc illegally threatened to withhold raises and benefits from workers at two New York City warehouses if they voted to unionize, a judge with the Nation[...]
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Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline
By Bhanvi Satija and Michael Erman (Reuters) – Pfizer Inc on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns[...]
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FTX sues Voyager Digital to claw back $446 million in 2022 loan payments
By Dietrich Knauth NEW YORK(Reuters) – Bankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before coll[...]
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