By Anthony Boadle BRASILIA (Reuters) – Brazil’s government and judiciary objected on Tuesday to big tech firms campaigning against an internet regulation bill aimed at cracking down on fake news, alleging undue interference in the debate in Congress. Bill 2630, also known as the Fake News Law, puts the onus on the internet companies, search…
(Please read headline “to provide additional liquidity” instead of “ease liquidity worries” and in first paragraph please read “to provide additional liquidity” instead of “to calm investor worries”) (Reuters) -PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to $15 billion of its commercial paper to…
By Medha Singh and Lisa Pauline Mattackal (Reuters) -Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins. Ownership of digital currencies in Turkey was the highest in the…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -The chief executives of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top White House officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official on Tuesday. The invitation obtained by Reuters to the CEOs…
By Sinéad Carew NEW YORK (Reuters) – Wall Street shares fell on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as investors worried the government could run out of cash June 1 without a debt ceiling hike. Bank stocks underperformed sharply after the weekend failure of U.S….
By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and well positioned for long-term growth. “We look…
By Blake Brittain (Reuters) – VMware Inc must pay $84.5 million for infringing two patents belonging to rival software company Densify, a Delaware federal jury said on Monday. The verdict, made public Tuesday, said VMware willfully violated Densify’s patent rights with its software for optimizing “virtual machines” used in cloud computing. A VMware spokesperson declined…
By Howard Schneider FARIBAULT, Minnesota (Reuters) – Demand for Daikin Applied Americas Inc’s climate control equipment is soaring, and worker recruitment is in hyperdrive, with hiring trips to women’s shelters and immigrant support groups and an open door for applicants with no high school degree or manufacturing experience. For Minnesota’s healthcare industry, an estimated 5,000…
By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst…
By Karen Brettell NEW YORK (Reuters) – The dollar pared gains on Tuesday after data showed that U.S. job openings fell in March while factory orders came in below economists’ expectations, a day before the Federal Reserve is expected to hike rates by an additional 25 basis points. The U.S. Labor Department said that U.S….
