By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service delivered a revised contract offer with “significant movement on wages and other economic language,” the union representing roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm said on Friday. The International Brotherhood of Teamsters union said UPS has requested more time to…
(Reuters) -Goldman Sachs is considering exiting its partnership with Apple, the Wall Street Journal reported on Friday, citing sources familiar with the matter. The iPhone-maker and Goldman Sachs started rolling out a virtual credit card in 2019. The bank is in talks with American Express to take over its Apple credit card and other ventures…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile campaigns in the second half amid pent-up demand for acquisitions and a new way of voting. Investors including Elliott Investment Management, Engaged Capital and…
By Echo Wang and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) – A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight. The market for initial public offerings (IPOs) has been in the doldrums since the start…
By Helen Coster and Jonathan Stempel NEW YORK (Reuters) -Fox Corp has settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had claimed gender discrimination and accused the network’s lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case, her lawyer Tanvir Rahman said on Friday….
BRASILIA (Reuters) -Brazil’s Finance Ministry will exempt companies participating in a new tax compliance program from paying federal taxes on e-commerce purchases up to $50, it announced on Friday. The country has been trying to close a loophole that it said some Asian e-commerce giants were using to gain tax exemptions by sending shipments as…
By Mike Scarcella (Reuters) – A U.S. judge on Friday ordered a new trial on damages against BNSF Railway in a privacy class action, in a ruling that wiped out an award of $228 million to truck drivers who accused the freight railway giant of unlawfully collecting their fingerprints. The ruling from U.S. District Judge…
By Carolina Mandl (Reuters) -Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him. The London-based investment firm is planning to switch shareholders’…
(Reuters) – Spotify Technology is mulling adding full-length music videos to its app, which could help the music streaming platform compete with TikTok and Alphabet Inc’s YouTube, Bloomberg News reported on Friday, citing people familiar with the matter. Spotify, which did not immediately respond to a Reuters request for comment, already allows artists to upload…
By Stephen Nellis (Reuters) – Humane, the startup founded by ex-Apple Inc executives that raised $100 million earlier this year, said on Friday that it will use Qualcomm Inc’s chips in its forthcoming wearable device. Humane has not given a release date or many other details for a gadget that it said on Friday will…
