By Chavi Mehta, Sheila Dang and Dawn Chmielewski (Reuters) – Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet: “Excited to…
(Reuters) – Australia’s QBE Insurance Group Ltd said on Friday costs associated with catastrophic claims for the four months of 2023 had reached nearly 90% of the allowances it had set aside for the first-half, dragging its shares nearly 9%. QBE, the country’s biggest insurer by market capitalisation, said net cost of catastrophe claims was…
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s Sharp Corp for the loss. The stock of Foxconn, the world’s largest contract electronics maker, slid 2.4% in early trade, while Sharp’s shares…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
By Allison Lampert MONTREAL (Reuters) -Air Canada pilots eyeing “historic” workplace gains said on Thursday that full bargaining with the carrier was likely to start this summer, before the end of their decade-long contract, according to a letter to union members. North American pilots are pressing for higher salaries and better scheduling after aviators made…
TOKYO (Reuters) -SoftBank Group Corp’s shares tumbled 5% in early trade on Friday after the Japanese technology investor reported an annual loss as the value of its portfolio slid. SoftBank reported a net loss of 970 billion yen ($7.18 billion) after a sell-down of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd helped…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
By Daniel Trotta and Jorge Garcia SAN DIEGO (Reuters) – Hundreds of migrants from around the world seeking a better life in the United States have instead found themselves trapped in squalid conditions near the Mexican border, tantalizingly close to their destination, and desperate. On the eve of the expiration of Title 42, the COVID-era…
(Reuters) – Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on Telegram, reported what they said were Ukrainian advances north and south of the city of Bakhmut, with…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S. default was higher or the same as prior stand-offs over the debt ceiling. President Joe Biden and top lawmakers in Congress have about…
