(Reuters) – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, who has been on the company’s board since 2005, has decided to retire. Thiel, one of the social network’s earliest investors, will serve as a director until Meta’s annual shareholder meeting but will not to stand for re-election, the social media…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton jumped following reports of interest from potential buyers, including Amazon. Meta Platforms fell 5.1%, adding to losses after its bleak forecast last week caused…
(Drops inaccurate reference to Crescent Point being an oil sands company in last paragraph) By Shariq Khan (Reuters) – Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around C$500 million ($394 million), according to an industry source and marketing…
NEW YORK (AP) — Many of the world’s largest companies are failing to take significant enough steps to meet their pledges to vastly reduce the impact of their greenhouse gas emissions in the decades ahead. That’s the conclusion of a new report by the NewClimate Institute, an environmental organization that works to combat global warming….
By Herbert Lash NEW YORK (Reuters) -The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest rates that pushed regional bond yields in Europe up to multi-year highs. There is no need for big monetary policy tightening in the euro…
WASHINGTON (Reuters) -Democrats in the U.S. House of Representatives on Monday introduced legislation to temporarily fund federal government programs through March 11 and avoid partial agency shutdowns on Feb. 18 when existing funds expire. The move would give Democratic and Republican negotiators more time to work out funding for the remainder of the fiscal year…
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street was mixed on Monday, as investors digested recent quarterly results from megacaps Amazon and Facebook owner Meta Platforms, while Peloton jumped following reports of interest from potential buyers, including Amazon. Nine of the 11 major S&P 500 sector indexes were up at mid-day, led…
By Eric Onstad LONDON (Reuters) – An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) are not linked to toxic pollution. The system will set global standards and give confidence to consumers demanding sustainable products, two of the…
LONDON (AP) — Boris Johnson has brought in new senior staffers as he tries to restore his flagging authority — including a communications chief who insisted the British prime minister is “not a total clown.” The prime minister hired Guto Harri, an aide from his days as London mayor who has recently been critical of…
By Shariq Khan and Rod Nickel (Reuters) – Spanish oil major Repsol SA is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is seeking buyers for its holdings in the Duvernay…
