By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has demanded a safety advocacy group take down videos of its vehicles running over child dummies when its driver assistant system was engaged, calling them “defamatory” and “misleading.” The group, the Dawn Project, has launched a nationwide TV campaign warning of alleged potential dangers of what…
SANTA ANA, Calif. (AP) — A pipeline operator said Thursday that it has reached a settlement with Southern California tourism companies, fishermen and other businesses that sued after a crude oil spill off the coast last year near Huntington Beach. Amplify Energy Corp., which owns the pipeline that ruptured and faces a criminal charge for…
By Nathan Gomes and Aishwarya Nair (Reuters) -Peloton Interactive Inc on Thursday forecast first-quarter revenue below estimates after a large quarterly loss, frustrating investors looking for progress in the company’s efforts to revive sagging sales of its fitness equipment. Shares tumbled more than 19% to $10.88 in morning trade, set to add to the more…
WASHINGTON (AP) — U.S. lawmakers are anxious to hear from Twitter’s former security chief, who has alarmed Washington with allegations that the influential social network misled regulators about its cyber defenses and efforts to control fake accounts. Leaders of several congressional panels are poring over the disclosures by respected cybersecurity expert Peiter Zatko, and calls…
MOSCOW (Reuters) – Moscow Exchange plans to relaunch the evening session on its stock market in September, the head of its stock market department said on Thursday, as Russia’s largest bourse eyes a gradual return to normal. Stocks trading was halted on Moscow’s bourse for almost a month from Feb. 25, the day after President…
(Reuters) – The United States and China are nearing an agreement allowing American accounting regulators to travel to Hong Kong to inspect audit records of U.S.-listed Chinese companies, the Wall Street Journal reported on Thursday. Securities regulators in Beijing are making arrangements for Chinese companies listed in New York and their accounting firms to transfer…
By Swati Verma (Reuters) – Texas’ electric grid operator has powered through record demand this summer by paying more to keep higher reserves and rewarding industrial consumers to cut usage, a combination that has added more than $1 billion to power fees. The Electric Reliability Council of Texas (ERCOT) has set new demand records 11…
NEW YORK (AP) — Peloton shares are on a wild ride this week, running up 20% Wednesday on a new partnership with Amazon only to erase those gains at the opening bell Thursday after quarterly losses for the connected exercise equipment maker topped $1.2 billion. The loss, in a quarter loaded with restructuring and other…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices firmed on Thursday on the prospect that the OPEC+ producer group could curb oil supplies, but the more bearish possibility of an agreement that would return sanctioned Iranian oil exports to the market capped gains. Brent crude rose 60 cents, or 0.6% to $101.82 a barrel by 1244…
LANCASTER, Ca. (AP) — Billionaire philanthropist MacKenzie Scott donated $44 million to the Oregon-based mentoring organization, Friends of the Children, which supports children at risk of entering the welfare system by pairing them with a longtime mentor. The unrestricted gift, announced Thursday, provides $15 million to the organization’s national headquarters and splits $29 million in…
