LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they fail to reach a deal, a strike could begin as soon as Tuesday. Why is the Writers Guild of America threatening…
(Reuters) – Lyft Inc’s revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher. He took charge last month and has already moved to cut more than 1,000 jobs to kick-start a company…
WASHINGTON (Reuters) – The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common and can cause “serious risks to workers.” The White House Office of Science and Technology Policy, in a blog post, sought comments from employees about their experience with…
(Reuters) – ON Semiconductor’s shares jumped 7% on Monday after the chipmaker’s quarterly guidance beat Wall Street’s expectations, spurring other chip stocks with heavyweight Nvidia hitting its highest level in over a year. With investors looking for signs of when a downturn in global chip revenue may bottom out, ON Semiconductor’s quarterly results and guidance…
(Reuters) – Jack Dorsey is taking another whack at a Twitter-like service with a new social media platform called Bluesky. The service is gaining traction among Twitter power users, attracting prominent personalities including U.S. Congresswoman Alexandria Ocasio-Cortez. Bluesky, which bears similarities to the blue bird platform, is the latest in a long list of apps…
(This April 28 story has been corrected to attribute the cut taken on subscriptions to iOS and Android platforms, not Twitter, in paragraph 5) (Reuters) – Twitter Inc CEO Elon Musk said on Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks…
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units….
By Lucinda Elliott and Daniela Desantis ASUNCION (Reuters) – Paraguay’s President-elect Santiago Pena, a clean-cut former central bank director, will need all his wits and cool to steer the South American nation through economic headwinds hurting voters and rising pressure from farmers to cut ties with Taiwan. The former International Monetary Fund (IMF) economist, who…
By Anirban Sen and Echo Wang NEW YORK (Reuters) -SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting the stage for this year’s largest initial public offering. The IPO registration shows that Softbank is pressing ahead with the blockbuster offering despite…
(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not…
