By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service and the International Brotherhood of Teamsters union on Monday started U.S. private sector labor contract talks covering roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm. The stakes are high for union and management as recession threatens to cut in to business,…
LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company’s takeover bid rather than an internal overhaul, a source familiar with the situation said. Glencore made its $22.5 billion all-share offer as Teck’s own plan to spin…
By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -Hollywood writers voted overwhelmingly in favor of giving union negotiators the power to call a strike, moving a step closer to a production shutdown that would hamper studios and disrupt what viewers see on television. The Writers Guild of America (WGA) on Monday said 97.85% of…
By Jeffrey Dastin (Reuters) – The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The U.S. educational software maker has combined its corpus of quiz answers with the chatbot’s AI model known as GPT-4 to create CheggMate, a study aide tailored…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Florida Governor Ron DeSantis on Monday fired another shot in his battle with Walt Disney Co, saying the state’s Republican legislature would take steps to nullify the company’s effort to circumvent state oversight of Walt Disney World. DeSantis, a likely Republican presidential candidate who has made attacking “woke…
By Hilary Russ NEW YORK (Reuters) – McDonald’s is toasting buns and melting cheese to improve the quality of its Big Mac and other burgers as it looks to boost sales. Big Macs are also getting more sauce, and white onions are topping patties while they’re still hot on the grill, according to a company…
WASHINGTON (Reuters) -Nine states, including Michigan and Nebraska, have joined a U.S. Department of Justice lawsuit against Alphabet’s Google which alleges the search and advertising company broke antitrust law in running its digital advertising business, the department said on Monday. The states joining the lawsuit were Arizona, Illinois, Michigan, Minnesota, Nebraska, New Hampshire, North Carolina,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors’ focus on Tuesday rests squarely on China: From an economic and market perspective, eyes are on a raft of data including first-quarter GDP; while the latest twist in souring U.S.-Sino relations will do little to ease geopolitical…
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Quantum computers promise to be millions of times faster than today’s fastest supercomputers, potentially revolutionizing everything from medical research to the way people solve problems of climate change. The wait for these machines, though, has been long, despite the billions poured into them. But the uncertainty and…
(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses. Shares of trucking operator fell 2.43% to $172.36 in extended trading. Logistics firms are struggling with excess delivery capacity as demand from e-commerce companies declines from pandemic highs. Volumes at…
