By Akash Sriram (Reuters) -Elon Musk’s appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday. Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock…
By Ana Mano SAO PAULO (Reuters) – Shares in Brazilian food giant JBS SA fell more than 10% in early trade on Friday after the company posted a wider-than-expected first quarter loss, marking the first time the firm has faced difficulties in all countries where it operates. In a conference call with analysts, Global CEO…
By Luc Cohen NEW YORK (Reuters) – A former Argentine businessman who pleaded guilty in the sprawling FIFA corruption probe will not have to spend time in prison, after his testimony contributed to the U.S. convictions of South American soccer officials and a television executive. Alejandro Burzaco, the former head of Argentine sports marketing company…
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department on Friday said it intends to loan California startup CelLink $362 million to help finance construction of a U.S. manufacturing facility to improve key vehicle wiring components. The conditional commitment from the government’s Advanced Technology Vehicles Manufacturing loan program is for the development of lighter,…
(Reuters) – Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to…
(This May 11 story has been corrected to remove reference to more weight in paragraph 1) By Belén Carreño MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez will ask U.S. President Joe Biden in Washington on Friday to listen to the opinions of non-NATO members such as China and Brazil on the war in Ukraine,…
WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal government’s borrowing cap fanned worries about the economy’s outlook, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 57.7 this month, the lowest…
By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Friday it is taking steps to crack down on rising mail theft, robberies of carriers, change-of-address fraud and counterfeit postage. The postal service said it is installing 12,000 high-security blue collection boxes nationwide to make access more difficult for criminals and is evaluating replacing…
By Jessie Pang HONG KONG (Reuters) -China on Friday condemned a U.S. congressional report that called for sanctions against 29 Hong Kong judges involved in the city’s national security cases, given their role in “weakening” the rule of law. The report by the U.S. Congressional-Executive Commission on China (CECC) – which advises Congress – said…
(Reuters) – A man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California has been indicted on dozens of federal hate, weapons and explosive crimes, the U.S. Department of Justice said. The suspect, David Chou, 69, opened fire at the Geneva Presbyterian Church in…
