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

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

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

Man accused of tackling comic Dave Chappelle on stage is charged with assault

Man accused of tackling comic Dave Chappelle on stage is charged with assault

LOS ANGELES, May 4 (Reuters) – The man accused of tackling comedian Dave Chappelle to the stage floor during a performance at the Hollywood Bowl in Los Angeles was charged on Wednesday with felony assault with a deadly weapon. The attack on Chappelle, 48, occurred Tuesday night during a sold-out appearance by the Emmy-winning entertainer … Read more

Dolly Parton, Eminem, Richie get into Rock Hall of Fame

Dolly Parton, Eminem, Richie get into Rock Hall of Fame

Eminem, Lionel Richie, Carly Simon, Eurythmics, Duran Duran and Pat Benatar have been inducted into the Rock & Roll Hall of Fame, a list that also includes Dolly Parton, who initially resisted the honor. The honorees — voted on by more than 1,000 artists, historians and music industry professionals — “each had a profound impact … Read more

With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies

With interest rates rising, it's time to focus on MANG stocks instead of FAANG, according to Jefferies

Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a group they named MANG. We’ll compare the two groups below. The FAANG group — Facebook holding company Meta Platforms Inc. FB, -0.32%, Apple … Read more

Olin Kreutz out at CHGO Sports after alleged attack on colleague

Olin Kreutz out at CHGO Sports after alleged attack on colleague

An upstart Chicago sports site has accused Olin Kreutz of physically attacking a colleague. CHGO Sports, a website that launched in March, tweeted a statement saying Kreutz, a former All-Pro center for the Bears who worked for the startup, has been let go as a result of the incident. “On Monday morning, an incident occurred … Read more

Apple hits with EU antitrust charge over mobile payments technology

Apple hits with EU antitrust charge over mobile payments technology

BRUSSELS, May 2 (Reuters) – Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after EU antitrust regulators charged the iPhone maker with restricting rivals’ access to its technology used for mobile wallets. This marks the second EU charge against Apple after EU regulators last year accused … Read more

Vice hires advisors to seek buyer, may sell itself in pieces: sources

Vice hires advisors to seek buyer, may sell itself in pieces: sources

Shane Smith, co-founder of Vice. CNBC Vice Media, the digital media company once valued at $5.7 billion, has hired bankers to seek a sale, according to people familiar with the matter. Several buyers have expressed preliminary interest in acquiring Vice outright, people familiar with the matter said. While finding a single buyer would be a … Read more