(Reuters) -A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said federal law preempted James’ claims that Amazon violated state labor law by retaliating against…
GENEVA (AP) — The head of the World Health Organization called on Pfizer to make its COVID-19 treatment more widely available in poorer countries, saying Tuesday that the pharmaceutical company’s deal allowing generic producers to make the drug was insufficient. WHO Director-General Tedros Adhanom Ghebreyesus said during a news briefing that Pfizer’s treatment was still…
Amazon has fired two employees with ties to the grassroots union that led the first successful U.S. organizing effort in the retail giant’s history. The company confirmed Tuesday that it fired Michal, or ‘Mat,’ Cusick and Tristan Dutchin of the Amazon Labor Union on Staten Island, New York. But it claims the “cases are unrelated…
By Jonathan Stempel (Reuters) -Appian Corp shares soared and Pegasystems Inc shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets. The damages award issued on Monday by the Fairfax County Circuit Court jury followed a seven-week trial, and may be the…
(Reuters) – U.S. Senate leader Chuck Schumer is expected to call on Tuesday for a procedural vote on Federal Reserve nominee Lisa Cook that would clear the way for a possible vote on her confirmation later in the day. Cook’s nomination stalled last month after Republicans uniformly opposed her as too “partisan” and COVID-19 kept…
By Sinead Cruise LONDON (Reuters) -Citigroup is overhauling the leadership of one of the teams linked to a ‘flash crash’ that sent European stock markets tumbling this month, three sources told Reuters. Citi is looking to name a new Head of Forward Trading in its Delta One operations based at its European headquarters in London,…
Electric Vehicles were hot thematic plays in 2020-21. That came to a screeching halt as production lines were impacted by semiconductor shortages and a Fed tightening cycle ended overzealous speculation. The sell-off in these EV plays has been brutal. Many of the stocks are down over 40% year-to-date and some are down over 90% from…
FRANKFURT (Reuters) – Germany’s largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing costs to customers even as it sees higher consumer prices over the next couple of years. “We have this, so to say, perfect inflation protection as we collect share of the revenue…
LONDON (AP) — Elon Musk said Twitter would reverse its ban of former President Donald Trump if his purchase of the social media company goes through, signaling just how permissive the platform could become toward free speech under his ownership. Speaking virtually at an auto conference, the Tesla CEO said Tuesday that Twitter’s ban of…
(Reuters) – The U.S. Federal Reserve can assess how much more it needs to do to bring inflation back down to its 2% goal when it has raised borrowing costs to a neutral level, Richmond Fed President Thomas Barkin said on Tuesday. “Once we get in the range of the neutral rate, we can then…
