Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

May 12 (Reuters) – Two senior Twitter (TWTR.N) leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion. … Read more

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) … Read more

Nasdaq falls more than 3% as US inflation data gives little relief to investors

Nasdaq falls more than 3% as US inflation data gives little relief to investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on Q1 revenue slump, net loss Indexes: Dow down 1%, S&P 500 down … Read more

US judge says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private

US judge says Musk recklessly tweeted that 'funding secured' for taking Tesla private

SAN FRANCISCO, May 10 (Reuters) – A US judge has determined that Elon Musk’s 2018 tweets that funding had been secured to take electric car maker Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. San Francisco-based US District Judge Edward Chen’s … Read more

Tesla exports first cars from Shanghai since reopening plant – media

Tesla exports first cars from Shanghai since reopening plant - media

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 11 (Reuters) – Tesla Inc (TSLA.O) on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars … Read more

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues – sources

EXCLUSIVE Tesla halts production at Shanghai plant due to supply issues - sources

Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 10 (Reuters) – Tesla Inc (TSLA.O) halted production at its Shanghai plant on Monday due to issues with securing parts for … Read more

Yelp, other companies take stance on abortion rights with travel benefit

Yelp, other companies take stance on abortion rights with travel benefit

May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc (YELP.N) was one of the first to offer support for its employees who might need to … Read more

US, Chinese regulators in talks for audit deal – sources

US, Chinese regulators in talks for audit deal - sources

Chinese and US flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 6 (Reuters) – US and Chinese regulatory officials are in talks to settle a long-running dispute over the auditing compliance of US-listed Chinese … Read more

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Musk's $44 bln Twitter buyout challenged in shareholder lawsuit

May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade … Read more

Morning Bid: Sell everything (except the dollar)!

Morning Bid: Sell everything (except the dollar)!

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 5, 2022. REUTERS/Andrew Kelly/Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. When the blue-chip Dow Jones index slides more than 1,000 … Read more