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

Shares turn red in volatile session, yields fall after US inflation data

Shares turn red in volatile session, yields fall after US inflation data

NEW YORK/MILAN, May 11 (Reuters) – Wall Street stocks fell sharply with Treasury yields in Wednesday’s volatile session as oil prices rallied and investors worried about the potential for an economic slowdown. US equity indexes churned higher and lower after US data showed higher-than-expected core inflation, excluding items such as oil prices. Some investors appeared … Read more

EXCLUSIVE Boeing clashes with key supplier ahead of Starliner spacecraft launch

EXCLUSIVE Boeing clashes with key supplier ahead of Starliner spacecraft launch

WASHINGTON, May 11 (Reuters) – Boeing Co (BA.N) is feuding with Aerojet Rocketdyne (AJRD.N), a key supplier for its Starliner spacecraft, as the US aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a … Read more

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

BOSTON, May 10 (Reuters) – Chief Mario Batali was acquitted on Tuesday of sexually assaulting a woman at a Boston bar in 2017 while posing with her for fan “selfie” photos, with the judge doubting the credibility of the accuser in the latest # MeToo era trial involving a US celebrity accused of misconduct toward … Read more

Black hole hunters cast gaze at center of the Milky Way galaxy

Black hole hunters cast gaze at center of the Milky Way galaxy

WASHINGTON, May 10 (Reuters) – Residing at the center of our spiral-shaped Milky Way galaxy is a beast – a supermassive black hole possessing 4 million times the mass of our sun and consuming any material including gas, dust and stars straying within its huge gravitational pull. Scientists have been using the Event Horizon Telescope … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … 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

US Senate committee passes antitrust bill pressing OPEC

US Senate committee passes antitrust bill pressing OPEC

WASHINGTON, May 5 (Reuters) – A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, … Read more

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

SEC adds China's JD.com to list of over 80 firms facing delisting risk

May 5 (Reuters) – The US Securities and Exchange Commission (SEC) added over 80 firms, including China’s JD.com (9618.HK), to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. On Wednesday, the SEC expanded the list on a provisional lineup under a 2020 … Read more

Record high US job openings, resignations likely to fuel wage inflation

Record high US job openings, resignations likely to fuel wage inflation

Job openings increase 205,000 to 11.5 million in March Hiring falls 95,000 to 6.7 million Quits rise 152,000 to record 4.5 million WASHINGTON, May 3 (Reuters) – US job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high. … Read more