(Reuters) – Fox Corp said on Tuesday that Rupert Murdoch had scrapped a proposal to combine the company with News Corp in a deal that would have reunited the media empire he separated nearly a decade ago. (Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel)
(Corrects title of agency to add dropped word ‘Union’ in para 1) (Reuters) – Boeing and European regulators are “hopefully converging” in talks over design requirements for the future 777X airliner, the head of the European Union Aviation Safety Agency (EASA) said on Tuesday. The agency has been seen at odds with Boeing for more…
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – Elon Musk testified on Tuesday that he had “no ill motive” when he tweeted in 2018 that he had funding lined up to buy out his electric car company Tesla Inc, a claim that some shareholders have branded a lie. Musk is defending against claims he…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business. “Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising…
By Ross Kerber (Reuters) – Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions reduction targets for portfolio companies. If the advisory proposals come to a vote at bank shareholder meetings this…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business, according to a court document. “Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to…
(Reuters) -Walmart Inc, the largest private employer in the United States, said on Tuesday it will raise the average hourly wage for its U.S. workers next month to more than $17.50. The retailer currently pays an average of more than $17 to its almost 1.6 million U.S. hourly workers. Walmart said the wage increases are…
(This Jan. 23 story has been officially corrected to say one hacker group, not two, in the headline and paragraph 1) (Reuters) – A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the…
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe, a union representative said on Tuesday, as reports surfaced that China’s BYD was in talks with Ford to buy one of the U.S. carmaker’s German sites. The future of the site in Saarlouis, a city…
MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and speed up its electrification process as automakers struggle to recover from a pandemic-induced slump, the country’s biggest manufacturers’ lobby said on Tuesday. As elsewhere in Europe, Spanish car production has been hampered in the past…
