By Daniel Wiessner (Reuters) – Twitter Inc is refusing to arbitrate legal claims by hundreds of ex-employees who cannot produce copies of employment contracts they signed, after the company succ[...]
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February 3, 2023
U.S. says more Tesla, Ford, GM EVs eligible for tax credits
By David Shepardson WASHINGTON (Reuters) -The U.S. Treasury Department said Friday it will make more Tesla , Ford Motor, General Motors and Volkswagen electric vehicles eligible for up to $7,500 tax c[...]
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Cigna expects revenue gains from launches of Humira biosimilars
By Leroy Leo (Reuters) -Cigna Corp expects its pharmacy benefit management unit to earn more from the second half of 2023 as makers of cheaper versions of AbbVie Inc’s arthritis drug Humira will[...]
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Intel faces yet another EU antitrust fine despite court win last year
By Foo Yun Chee BRUSSELS (Reuters) – Intel could face yet another EU antitrust fine despite winning its court fight last year against a 1.06 billion euro ($1.2 billion) penalty imposed 14 years[...]
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Adani crisis ignites Indian contagion fears, credit warnings
By Sarita Chaganti Singh, Aditya Kalra and Shivam Patel NEW DELHI (Reuters) – Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency[...]
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Ford’s pain underscores uneven impact of two-year auto chip shortage
By Ben Klayman and Stephen Nellis DETROIT/SAN FRANCISCO (Reuters) – Ford Motor Co’s disappointing quarterly results underscored that disruptions caused by the global semiconductor shortage[...]
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‘Call of Duty’ maker Activision Blizzard to pay $35 million over U.S. SEC charges
By Susan Heavey and Chris Prentice WASHINGTON/NEW YORK (Reuters) -Activision Blizzard Inc has agreed to pay $35 million to settle U.S. Securities and Exchange Commission charges that it failed to have[...]
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Mondelez sets aside 300 million euro to resolve EU antitrust probe
By Foo Yun Chee BRUSSELS (Reuters) – Oreo maker Mondelez has set aside 300 million euros ($326 million) to resolve an EU antitrust investigation into whether it blocked cross-border sales of its[...]
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U.S. service sector rebounds in January – ISM survey
WASHINGTON (Reuters) – U.S. services industry activity rebounded strongly in January, with new orders recovering and prices paid by businesses for materials continuing to rise at a moderate pace[...]
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