(Reuters) – Twitter Inc co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late on Monday as it weighs Elon Musk’s $43 billion takeover offer. Dorsey, who is also a Twitter board member, added to the chatter on the micro-blogging platform last week when he said that Twitter’s…
By Mathieu Rosemain PARIS (Reuters) – Two former bosses of Deliveroo were given suspended one-year prison sentences and fined 30,000 euros ($32,380) by a French court on Tuesday for abusing the freelance status of riders working for the British takeaway delivery platform. The company was also fined the maximum penalty of 375,000 euros and will…
By Tom Hals and Jessica DiNapoli (Reuters) – Twitter Inc’s board directors can lean on concerns about the fate of the social media platform under Elon Musk to rebuff him, but if they decide to explore a sale, price will override all other considerations, corporate governance experts said. The San Francisco-based company received a $43…
By Manas Mishra (Reuters) -Johnson & Johnson on Tuesday said it could no longer provide a forecast for sales of its COVID-19 vaccine, as vaccine hesitancy in low income countries paired with already low demand in higher income nations has led to a glut of supply. The company had earlier predicted as much as $3.5…
By Daniel Wiessner (Reuters) – Tesla Inc has asked a California judge to pause a state agency’s lawsuit that accuses the electric car maker of widespread race discrimination at its flagship assembly plant, saying the state must further investigate the claims and allow a chance to settle the litigation. Tesla in a filing in state…
By Samuel Indyk and Pete Schroeder LONDON/WASHINGTON (Reuters) -Wall Street opened higher on Tuesday and bond yields continued to swing upward as Russia’s invasion of Ukraine weighed on global growth expectations and looming Fed tightening kept investors on edge. The International Monetary Fund slashed its forecast for global economic growth by nearly a full percentage…
By Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) -Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, Shanghai, grapples with a COVID-19 shutdown and new plants slowly ramp up output. Tesla reports quarterly results and analysts are also…
By Sruthi Shankar (Reuters) -Wall Street was set to open flat on Tuesday as Treasury yields hit new highs on expectations of aggressive interest rate hikes, while investors awaited more earnings reports to assess the impact of inflation and the Ukraine war on company profits. St. Louis Federal Reserve Bank President James Bullard on Monday…
(Reuters) -Blackstone Inc will buy American Campus Communities Inc for $12.8 billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on rents rising after colleges reopen. ACC owns 166 properties across 71 university markets including Arizona State University and the University of Texas at Austin. The…
By Joice Alves LONDON (Reuters) – The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar…
