MILAN (Reuters) – An Italian administrative court on Friday rejected an appeal by Alphabet’s Google against a decision by Italy’s antitrust authority to fine the group, but accepted iPhone maker Apple’s appeal against the watchdog’s ruling. Last year, Italy’s antitrust regulator fined Google and Apple 10 million euros ($10.36 million) each, claiming that the two…
A look at the day ahead in U.S. and global markets from Mike Dolan Emboldened by still-punchy U.S. economic activity, the Federal Reserve is gradually gaining market traction with a campaign to flag two more interest rate rises this year – bolstering the dollar, particularly in Asia. And after a mixed week for chip stocks,…
Stocks shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 fell 0.9%, extending its losing streak to a third consecutive day. All of the benchmark index’s 11 company sectors closed in the red. The Dow…
By Tim Reid (Reuters) -Former Vice President Mike Pence, who loyally served Donald Trump for four years, on Wednesday blasted his former boss for the 2021 attack on the U.S. Capitol as he launched his campaign for the 2024 Republican presidential nomination. Pence issued his most forceful condemnation to date of Trump’s role in the…
By Joseph White and Ben Klayman DETROIT (Reuters) – Detroit’s automakers and the United Auto Workers will not be alone as they begin bargaining this week over wages and working conditions that will govern the shift to electric vehicles over the next several years. Tesla CEO Elon Musk and the automaker’s increasingly profitable and efficient…
By Noele Illien, Francesco Canepa and Lucy Raitano (Reuters) – Switzerland is under pressure from at least one major government to intervene quickly on Credit Suisse, a source familiar with the situation told Reuters, after the Swiss bank led a rout of European bank stocks on Wednesday. Credit Suisse shares dropped by as much as…
AVON LAKE, Ohio (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states between now and 2026. It also will convert about 3,000 temporary workers…
By Mrinmay Dey (Reuters) -Canadian copper miner Teck Resources Ltd has been approached by mining companies including Vale SA , Anglo American Plc and Freeport-McMoRan Inc to explore deals for its base metals business if a planned split of the company happens, sources close to the matter told Reuters on Sunday. Teck has received expressions…
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to rival Reliance Industries <RELI.NS>, the country’s biggest conglomerate. After trading barbs in courtrooms for months, Amazon…
By Mark Trevelyan (Reuters) -Russia reported fierce fighting on Sunday on three sections of the front line in Ukraine while Ukraine’s president praised his troops for repelling enemy advances and said their counter-offensive was progressing well. The assesments of action along the 1,000-km (600-mile) long front were made a day after an African peace mission…
