(Reuters) -Intel Corp is suspending all business operations in Russia, effective immediately, the U.S. chipmaker said on Tuesday, adding that it has implemented business continuity measures to minimize disruption to its global operations. “Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace,” it…
By Yuka Obayashi TOKYO (Reuters) – Oil futures slid on Wednesday, extending losses from the previous day, as a stronger U.S. dollar prompted fresh selling while data showing a build in U.S. crude stocks and Shanghai’s extended lockdown fuelled fears of slower demand. Brent crude futures fell 97 cents, or 0.9%, to $105.67 a barrel,…
(Reuters) – The Victorian gambling regulator will launch disciplinary action and can impose fines of up to A$100 million ($75.82 million) on Crown Resorts after an inquiry found the Australian casino operator enabled illegal transfer of funds from China. The Victorian Gambling and Casino Control Commission (VGCCC) said on Tuesday it will launch disciplinary proceedings…
By Dawn Chmielewski (Reuters) – WarnerMedia CEO Jason Kilar said the future of Hollywood is in the blockchain as he prepares to leave the media company that he helped lead into the streaming era. Kilar said he saw new opportunities at the intersection of storytelling and technology although he declined to discuss his next pursuit….
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global indexes fell on Tuesday while U.S. Treasury yields rose to multi-year highs as comments from U.S. Federal Reserve Governor Lael Brainard put investor focus on the possibility of aggressive monetary policy tightening by the central bank to curb inflation. The U.S. dollar hit its highest…
SAO PAULO (Reuters) – Toyota said on Tuesday it will close its 60-year-old plant in the Brazilian city of Sao Bernardo do Campo, its first ever outside Japan, and shift production to its other manufacturing facilities in Sao Paulo state. The automaker said the move will be made gradually, starting in December and due for…
NEW YORK (AP) — The new CEO of Hertz says he’s working to fix a glitch in the rental-car giant’s systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, who took over as CEO on Feb. 28, said the company has changed its practices…
Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board. Twitter said it will test the…
By Hilary Russ (Reuters) -Starbucks Corp General Counsel Rachel Gonzalez was dismissed from her role as Howard Schultz returns to the chief executive position, according to a regulatory filing on Tuesday. Gonzalez will continue to serve as an adviser until she leaves the company on May 20, the filing said. Gonzalez had reported to former…
(Reuters) – Electric vehicle maker Rivian Automotive Inc said on Tuesday it is on track to achieve its production target of 25,000 vehicles this year, sending its shares up 2.4% in extended trading. The company said it had made 2,553 vehicles and delivered 1,227 cars in the first quarter. It produced 1,015 vehicles and delivered…
