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GameStop tumbles, Clover Health rises in 'meme stock' roller coaster
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +2 min
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File PhotoShares of GameStop Corp (GME.N) fell 7% and Clover Health Investments Corp (CLOV.O) jumped 6.4% in early deals on Thursday, setting the stage for another roller coaster session for stocks favored by small-time investors on social media platforms. Shares of cinema operator AMC Entertainment Holdings Inc (AMC.N) were down 4.1%, while prison operator Geo Group Inc (GEO.N), the latest "meme stock", slumped 8.8%, after surging more than 38% on Wednesday. In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday. That matched their peak in January, when the surge in GameStop shares squeezed short sellers and further boosted the stock price.
Persons: Carlo Allegri, Inc's, Edward Moya, Moya, Clover, Vanda Organizations: GameStop, REUTERS, GameStop Corp, Clover Health Investments Corp, Wednesday, ContextLogic Inc, Clean Energy Fuels Corp, AMC Entertainment Holdings Inc, Geo Group Inc, Medicare, AMC, U.S . Securities, Exchange Commission, SEC, Vanda Research, Thomson Locations: Manhattan, New York City , New York, U.S
GameStop tumbles, other "meme stocks" falter after big runups
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +2 min
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File PhotoShares of GameStop Corp (GME.N) fell more than 17% on Thursday and other so-called meme stocks also declined, setting the stage for another roller-coaster session for stocks favored by retail investors on social media platforms. AMC shares were off around 11%. In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday. That matched their peak in January, when the surge in GameStop shares squeezed short sellers and further boosted the stock price.
Persons: Carlo Allegri, Inc's, Edward Moya, Clover, Vanda Organizations: GameStop, REUTERS, GameStop Corp, Wedbush Securities, AMC Entertainment Holdings, Clover Health Investments Corp, Geo Group Inc, AMC, Medicare, U.S . Securities, Exchange Commission, SEC, Vanda Research, Thomson Locations: Manhattan, New York City , New York, U.S
GameStop falls 25% on potential share sale, other 'meme stocks' falter
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +3 min
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File PhotoShares of GameStop Corp (GME.N) fell 25% on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of stocks favored by retail investors on social media platforms. "It appears that other companies, like GameStop, are hoping to follow AMC’s lead by issuing shares and otherwise profit from the meme stocks run up,” Ablin said. In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday. That matched their peak in January, when the surge in GameStop shares squeezed short sellers and further boosted the stock price.
Persons: Carlo Allegri, Inc's, Jack Ablin, ” Ablin, Clover, Vanda Organizations: GameStop, REUTERS, GameStop Corp, AMC Entertainment Holdings, Clover Health Investments Corp, Geo Group Inc, AMC, Cresset Capital, , Wedbush Securities, Medicare, U.S . Securities, Exchange Commission, SEC, Vanda Research, Thomson Locations: Manhattan, New York City , New York, U.S
A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Worries that other companies could leverage recent stock price gains by announcing share sales may be rippling out to the broader meme stock universe, said Jack Ablin, chief investment officer at Cresset Capital. "It appears that other companies, like GameStop, are hoping to follow AMC’s lead by issuing shares and otherwise profit from the meme stocks run-up,” Ablin said. GameStop will likely sell all 5 million new shares but that amount only represents a “modest” dilution of 7%, Wedbush analysts wrote. In the past two weeks, the so-called "meme stocks" have received $1.27 billion of retail inflows, Vanda Research said on Wednesday, matching their January peak.
Persons: Carlo Allegri, Jake Dollarhide, Jack Ablin, ” Ablin, Inc's, GameStop's, Vanda Organizations: GameStop, REUTERS, GameStop Corp, Longbow Asset Management, AMC Entertainment Holdings, Clover Health Investments Corp, Geo Group Inc, AMC, Cresset, , Wedbush Securities, U.S . Securities, Exchange Commission, Vanda Research, Thomson Locations: Manhattan, New York City , New York, U.S
Financial Times, New York Times, Bloomberg News websites down
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
Vehicles drive past the New York Times headquarters in New York March 1, 2010. REUTERS/Lucas Jackson/File PhotoMultiple websites operated by news outlets including the Finiancial Times, the New York Times and Bloomberg News were down across the globe on Tuesday. Separately, Amazon.com Inc's (AMZN.O) retail website also seemed to face an outage. The issue affecting the sites was not immediately clear. Our Standards: The Thomson Reuters Trust Principles.
Persons: Lucas Jackson, Inc's Organizations: New York Times, REUTERS, Finiancial Times, Bloomberg, Thomson Locations: New York
Skin in the game: Video chat apps tout 'inclusive' AI features
  + stars: | 2021-06-07 | by ( Paresh Dave | ) www.reuters.com + 0.00   time to read: +6 min
A photo illustration dated June 2, 2021 shows how Google's new light adjustments feature for its Meet video conferencing tool brightens the face of a user who is underexposed because of a window in the background. Alphabet Inc's (GOOGL.O) Google this month plans to deploy an artificial intelligence (AI) feature that addresses the longstanding issue of darker skin tones being under-illuminated in video chats. 'NOT EQUALLY REPRESENTED'The upcoming Google Meet feature tackles the problem of people appearing darker because of their surroundings, for example when sitting in front of a window, said Niklas Blum, a Google product leader involved with Meet. "Users with dark skin tones are not equally represented, and we want to build products for everyone," he said. The AI separates users from their background, determines whether they are underexposed regardless of their skin tone, brightens the picture accordingly, and finally merges the background and foreground.
Persons: LogMeIn Inc's, Jeetu Patel, Colin Madland, Damien Hooper, Campbell, Madland, Niklas Blum, Stéphane, Blum, Hulaud, Keith Griffin, Webex, Mike Sharp, Sharp, Ujjwal Singh Organizations: REUTERS, Google, Cisco, Cisco Systems Inc, Microsoft, Facebook, Technology, University of Victoria, ., Reuters, Gartner, Nestle SA, Holdings, Thomson Locations: Webex, British Columbia, Canada, California
Protesters clash with police at Enbridge pipeline construction site in Minnesota
  + stars: | 2021-06-07 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Demonstrators build protest signs at the Pure Bliss Ranch site as part of the Treaty People Gathering, an organized protest of the Line 3 pipeline, built by Enbridge Energy, in Waubun, Minnesota, U.S., June 5, 2021. REUTERS/Nicholas PfosiEnvironmental protesters clashed with police on Monday after occupying a pump station as they rallied against Enbridge Inc's (ENB.TO) Line 3 pipeline in Minnesota, while Enbridge said it had evacuated 44 workers from its site. Owner Enbridge is replacing the pipeline so it can roughly double the amount of crude it transports. The pipeline is key to landlocked Alberta's efforts to boost crude exports from its oil sands. Calgary-based Enbridge and opponents are waiting for a ruling from the Minnesota Court of Appeals, due by June 21, on whether there is sufficient evidence of crude oil demand to justify replacing Line 3.
Persons: Nicholas Pfosi, Enbridge Inc's, Enbridge, Dawn Goodwin Organizations: Enbridge Energy, REUTERS, Midwest refiners, Coalition, Thomson Locations: Waubun , Minnesota, U.S, Minnesota, Canadian, Alberta, Hubbard County, Calgary
Skin in the game: Video chat apps tout ‘inclusive’ AI features
  + stars: | 2021-06-07 | by ( Paresh Dave | ) www.reuters.com + 0.00   time to read: +6 min
A photo illustration dated June 2, 2021 shows how Google's new light adjustments feature for its Meet video conferencing tool brightens the face of a user who is underexposed because of a window in the background. loadingAlphabet Inc's (GOOGL.O) Google this month plans to deploy an artificial intelligence (AI) feature that addresses the longstanding issue of darker skin tones being under-illuminated in video chats. 'NOT EQUALLY REPRESENTED'The upcoming Google Meet feature tackles the problem of people appearing darker because of their surroundings, for example when sitting in front of a window, said Niklas Blum, a Google product leader involved with Meet. "Users with dark skin tones are not equally represented, and we want to build products for everyone," he said. The AI separates users from their background, determines whether they are underexposed regardless of their skin tone, brightens the picture accordingly, and finally merges the background and foreground.
Persons: LogMeIn Inc's, Jeetu Patel, Colin Madland, Damien Hooper, Campbell, Madland, Niklas Blum, Stéphane, Blum, Hulaud, Keith Griffin, Webex, Mike Sharp, Sharp, Ujjwal Singh, Organizations: REUTERS, Google, Cisco, Cisco Systems Inc, Microsoft, Facebook, Technology, University of Victoria, ., Reuters, Gartner, Nestle SA, Holdings, Thomson Locations: Webex, British Columbia, Canada, California
Judge dismisses charges against Apple security chief in gun-permit probe
  + stars: | 2021-06-01 | by ( Stephen Nellis | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Brendan McDermidA court in California on Tuesday dismissed bribery charges against Apple Inc's (AAPL.O) security chief, writing that a key element of the case was "pure speculation" by prosecutors and unsupported by evidence. The Santa Clara County District Attorney’s Office in November had said a grand jury indicted Apple Chief Security Officer Thomas Moyer and two officers in the Sheriff’s Office. It is illegal to carry a concealed weapon without a permit in California, and county sheriffs have wide discretion over whether to grant them. By then, Geffon wrote, the evidence suggests Moyer believed the permits were already approved and would be issued soon. “This argument is pure speculation, and is not supported by the evidence presented to the grand jury," Geffon wrote.
Persons: Brendan McDermid, Apple Inc's, Thomas Moyer, Moyer, Eric S, Santa Clara County, Geffon, Apple Organizations: Apple, REUTERS, Attorney’s Office, Prosecutors, Superior, Thomson Locations: Brooklyn , New York, U.S, California, Santa Clara
Microsoft to unplug Internet Explorer as it seeks edge in browser war
  + stars: | 2021-05-20 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Microsoft Corp (MSFT.O) is pulling the plug on its once omnipresent browser, Internet Explorer, next year as it prepares to battle market leader Chrome with its slicker Edge browser. Launched in 1995, Internet Explorer became the dominant browser for over a decade as it was bundled with Microsoft's Windows operating system that came pre-installed in billions of computers. To compete better, Microsoft launched the Edge browser in 2015 that runs on the same technology as the Google browser. Microsoft Edge has a 3% share, while Internet Explorer has a miniscule share of the market it once dominated. The Windows software maker said on Wednesday the future of Internet Explorer on Windows 10 was in its faster and more secure Microsoft Edge.
Persons: Chrome, Apple Inc's Organizations: Microsoft Corp, Microsoft, Windows, Thomson Locations: U.S
But most of the chips Ampere competes against use off-the-shelf computing core designs provided by Arm. Ampere, by contrast, has designed its own computing cores, which could set its chips apart from rivals. Perhaps the best known maker of Arm chips with custom computing cores is Apple, which uses custom cores to differentiate its phones from Android rivals. Ampere has been working on the custom cores since the company's founding in 2017. She said Ampere wanted to fully customize its chips from the cores up for the way that cloud vendors sell computing power to customers today.
Persons: Renee James, Inc's, James, Ampere, China's Organizations: Ampere Computing, Intel Corp, Apple Inc, Intel, Devices Inc, Ampere, Arm Ltd, Marvell Technology Inc, Web, AMD, Apple, Reuters, Oracle Corp, Microsoft Corp, China's Tencent Holdings, HK, Thomson Locations: British
Squarespace valuation plunges to $6.5 bln in lacklustre debut
  + stars: | 2021-05-19 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Squarespace Inc's (SQSP.N) valuation dropped by nearly a third in its debut on the New York Stock Exchange on Wednesday, after its shares opened 4% below their reference price amid a broader market sell-off. The NYSE had set a reference price of $50 each. The New York-based company was valued at $6.5 billion, a steep drop from the $10 billion valuation after its funding round announced in March. The NYSE reference price was already at a 27% discount to $68.42 at which Squarespace priced its private placement in March. Squarespace continued with its listing plan despite choppy market conditions that forced at least three companies to postpone their debuts last week.
Persons: Squarespace Inc's, Squarespace, Goldman Sachs, J.P, Morgan Organizations: New York Stock Exchange, NYSE, Wix.com, GoDaddy, Coupang Inc, Tiger, D1 Capital Partners, Fidelity Management, Thomson Locations: New York
Disney World and other U.S. theme parks update mask rules
  + stars: | 2021-05-15 | by ( ) www.reuters.com sentiment -0.93   time to read: +1 min
Summer Selmon, her brother Levi, and their parents Dave and Brandi wear face masks while visiting the Disney Springs shopping and dining district during their vacation at Walt Disney World during a phased reopening from coronavirus disease (COVID-19) restrictions in Lake Buena Vista, Florida, U.S. July 11, 2020. REUTERS/Octavio JonesDisney World and other U.S. amusement parks updatedtheir mask policy following the latest guidance from the Centers for Disease Control and Prevention (CDC) this week. "Face coverings will remain required at all indoor locations, including restaurants, shops, and indoor hotel public areas," the company said in a statement on Friday. "All park employees will be required to continue to wear face coverings," a SeaWorldspokeswoman said on Saturday. The CDC on Thursday advised that fully vaccinated people do not need to wear masks outdoors and can avoid wearing them indoors in most places.
Persons: Selmon, Levi, Dave, Brandi, Octavio Jones, Aquatica Organizations: Disney Springs, Walt Disney, REUTERS, Octavio Jones Disney, Centers for Disease Control, Prevention, Walt Disney Inc's, Disney, Universal Orlando, SeaWorld Entertainment Inc, SeaWorld, Busch Gardens Tampa, CDC, Thomson Locations: Lake Buena Vista , Florida, U.S, Orlando , Florida, SeaWorld San Antonio, Busch Gardens Tampa Bay, Discovery, Aquatica Orlando, Antonio
A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. But he said an appeal would face an "uphill battle" and Citigroup had not demonstrated irreparable harm absent a freeze. Citigroup sought the extended freeze after Furman ruled on Feb. 16 that 10 asset managers, whose clients include the Revlon lenders, did not have to return the $504 million. Their lawyer Adam Abensohn was pleased with Furman's decision, saying Revlon's lenders "received what they were owed" and under binding New York law could keep it. read moreThe case is In re Citibank August 11, 2020 Wire Transfers, U.S. District Court, Southern District of New York, No.
Persons: Mike Segar, Jesse Furman, Furman, Adam Abensohn Organizations: Citibank, REUTERS, Citigroup Inc's, Revlon Inc, U.S, Citigroup, Furman, Revlon, Brigade Capital Management, HPS Investment Partners, Asset Management, Furman's, Court, Southern District of, Thomson Locations: New York , New York, U.S, Manhattan, York, Southern District, Southern District of New York
Japan's coronavirus vaccine booking system crashes
  + stars: | 2021-05-12 | by ( Rocky Swift | ) www.reuters.com sentiment -1.00   time to read: +2 min
A full-page ad by magazine publisher Takarajimasha, with message reading 'No vaccine, no medication. REUTERS/Issei KatoTechnical problems derailed Japan's coronavirus vaccination booking system on Wednesday, compounding frustration over the government's handling of new outbreaks of infections and an inoculation drive that critics say has been woefully slow. "Making an appointment for a vaccination seems to be a tall order for the elderly,” wrote Twitter user @obachan66972352. "Please consider making it possible to get the vaccine without an appointment.”A representative of the health ministry's vaccine office was not immediately available when contacted by Reuters. read moreTaro Kono, the minister in charge of vaccines, has urged the public to be patient and to take steps to streamline the booking process.
Persons: Takarajimasha, Issei Kato, Parker Harris, , Pfizer Inc's, Taro Kono, Christophe Weber Organizations: REUTERS, Inc, NHK, Twitter, Reuters, Olympics, Pfizer, Japan's, Takeda Pharmaceutical, Thomson Locations: Tokyo, Japan, Minoh
Activist investor Starboard nominates directors to Box Inc's board
  + stars: | 2021-05-10 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Reuters) -Activist investor Starboard Value LP launched a proxy battle on Monday to take greater control of cloud services provider Box Inc as it nominated four directors for election to the company’s board. Box, in response, said it does not believe that changes proposed by Starboard to its board were “warranted or in the best interests of all stockholders”. “The Box Board has been consistently responsive to feedback from all of its stockholders, including suggestions from Starboard ... furthermore, Starboard’s statements do not accurately depict the progress Box has made,” the company said. The activist investor last week said it planned to nominate directors to Box’s board. In response, Box highlighted that it had added directors to its board under an agreement with Starboard last year.
Persons: , Starboard’s, Deborah Conrad, Peter Feld Organizations: Reuters, Inc, , Intel Corp
The attack on Colonial Pipeline (COLPI.UL) last week was one of the most disruptive digital ransom schemes ever reported and has sent shockwaves across the industry. The resulting shutdown has disrupted fuel supply across the eastern United States, triggered isolated sales restrictions at retail pumps and pushed benchmark gasoline prices to a three-year high. The southeastern United States would likely be the first to see price increases at retail pumps, and demand has already picked up as drivers fill regional storage tanks. It moves over 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, supplying motorists and major airports. Kinder Morgan Inc's (KMI.N) 720,000-bpd fuel pipeline had been working with customers to take on additional volumes since Friday and reached full capacity for May on Sunday, a spokeswoman for the company told Reuters.
Persons: cyberattack, Andrew Lipow, cybercriminals, Kinder Morgan Inc's Organizations: Colonial Pipeline, REUTERS, U.S, White, Lipow Oil Associates, Department of Transportation, Hartsfield, Jackson International, Reuters, RBC Capital Markets, Gulf Coast refiner Valero Energy, Thomson Locations: Pipeline's Linden, Woodbridge , New Jersey, U.S, United States, Gulf Coast, Atlanta, East Coast
Unused COVID shots piling up in Japan amid slow rollout
  + stars: | 2021-05-07 | by ( Rocky Swift | ) www.reuters.com + 0.00   time to read: +3 min
A syringe with a dose of the vaccine against the coronavirus disease (COVID-19) is displayed at the Tokyo Metropolitan Cancer and Infectious Diseases Center Komagome Hospital in Tokyo, Japan March 5, 2021. Japan imported 28 million doses of Pfizer Inc's (PFE.N) COVID-19 vaccine through late April, but has so far used only 15% of the stockpile, with the remaining 24 million doses sitting in freezers. The first batch of the Moderna vaccine had already arrived and an estimated 30 million doses of the AstraZeneca shot are being prepared by its local domestic partners. Pfizer shipments are also due to accelerate to more than 35 million doses this month and next. The government tasked the Defense Ministry to set up a mass inoculation site in Tokyo and Osaka by May 24.
Persons: Yoshikazu, Pfizer Inc's, Taro Kono, Kono, Kazuaki Jindai, Jindai Organizations: Tokyo Metropolitan Cancer, Infectious Diseases, Komagome Hospital, Pfizer, Moderna Inc, AstraZeneca Plc, NHK, Moderna, AstraZeneca, Olympics, Japan, Defense Ministry, Takeda Pharmaceutical, Thomson Locations: Tokyo, Japan, freezers, Asia, Kanagawa prefecture, Osaka
REUTERS/Andrej IvanovCanada on Wednesday became the first nation in the world to authorize the use of Pfizer Inc's (PFE.N) COVID-19 vaccine for children aged 12 to 15, describing the move as a light at the end of the tunnel. Supriya Sharma, a senior adviser at the Canadian federal health ministry, said the Pfizer vaccine, produced with German partner BioNTech SE (22UAy.DE), was safe and effective in the younger age group. A health ministry spokesman confirmed Canada was the first country to allow children of those ages to receive the Pfizer medicine. read moreSeparately, authorities reported the third death of a Canadian from a rare blood clot condition after receiving AstraZeneca PLC's (AZN.L)'s COVID-19 vaccine. Around 20% of the 1,249,950 cases of COVID-19 in Canada have been reported in people under the age of 19.
Persons: Andrej Ivanov, Pfizer Inc's, Supriya Sharma, BioNTech, Jennifer Russell, Russell, Jason Kenney Organizations: Pfizer, Palais des Congres, REUTERS, Andrej Ivanov Canada, Wednesday, U.S . Food, Drug Administration, AstraZeneca PLC's, AstraZeneca, Quebec, Thomson Locations: Montreal, Quebec, Canada, U.S, Atlantic, New Brunswick, Alberta, COVID
EU court to rule May 12 on Amazon, Engie appeals against tax orders
  + stars: | 2021-04-30 | by ( Foo Yun Chee | ) www.reuters.com sentiment -0.99   time to read: +1 min
The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File PhotoEurope's second-highest court will rule on May 12 on Amazon.com Inc's (AMZN.O) appeal of an EU order to pay about 250 million euros ($300.5 million) in back taxes to Luxembourg. Luxembourg also appealed to the Luxembourg-based General Court, contending its treatment of Amazon was legal because it did not give the company a selective advantage. Amazon has its EU headquarters in Luxembourg and employs 1,500 people there, making it one of the biggest employers in the country of half a million. The cases are T-816/17 Luxembourg v Commission & T-318/18 Amazon EU v Commission, and T-525/18 Engie Global & T-516/18 Luxembourg v Commission.
Persons: Pascal Organizations: REUTERS, Inc's, European Commission, EU, Regulators, Commission, Thomson Locations: Boves, France, EU, Luxembourg, Grand
Mexico is struggling with behind-schedule local AstraZeneca production and shortfalls in deliveries from foreign suppliers and has asked the United States to help with more vaccines. read more The request is in addition to some 2.7 million AstraZeneca doses Washington sent to Mexico in March. "It's probable that they'll help us with a loan, while the AstraZeneca plant in Mexico gets up and running," Lopez Obrador said at a regular news conference. The Mexican government has said the Liomont factory has undergone major upgrades to produce the AstraZeneca vaccine, and that it has taken longer than expected for the factory to win regulatory approvals. Reuters reported on Thursday that Pfizer will ship doses made in its U.S. plant to Mexico for the first time.
Persons: Andres Manuel Lopez Obrador, Lopez Obrador, AstraZeneca, Pfizer Inc's Organizations: AstraZeneca, U.S . State Department, Reuters, Pfizer, Thomson Locations: States, Mexico, United States, Argentina, America, Brazil, Latin America, Russia
Berkshire Hathaway Chairman Warren Buffett (left) and Vice Chairman Charlie Munger are seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Buffett has run Berkshire since 1965, and Munger has been vice chairman since 1978. Saturday's meeting should illustrate how Buffett and Munger have thrived together for so long, despite differences in politics - Buffett is a Democrat, Munger a Republican - and often investment ideas. "Charlie's perspective often may challenge Warren's," said Paul Lountzis, president of Lountzis Asset Management LLC in Wyomissing, Pennsylvania and a Berkshire shareholder. Like Buffett, Munger tries to teach as he speaks, thinks long-term, and eschews investments whose main attribute is being in vogue.
Persons: Warren Buffett, Charlie Munger, Scott Morgan Berkshire Hathaway Inc's, Buffett, who's, Jim Weber, Brooks, Munger, Greg Abel, Ajit Jain, Saturday's, Warren's, Paul Lountzis, Warren, Tom Russo, Gardner, Russo, Quinn, Buybacks, James Armstrong, Henry, Henry H Armstrong, Todd Combs Organizations: Berkshire Hathaway, REUTERS, Berkshire, Republican, Lountzis, Management, Yahoo Finance, Apple Inc, Bank of America Corp, Henry H, Henry H Armstrong Associates, Amazon.com Inc, JPMorgan Chase &, Thomson Locations: Berkshire, Omaha , Nebraska, U.S, Munger, Woodstock, Omaha, Los Angeles, Wyomissing , Pennsylvania, Lancaster , Pennsylvania, Pittsburgh, Texas
read morePfizer has shipped more than 10 million doses to Mexico so far, becoming its largest supplier of COVID-19 vaccine. Mexico’s health ministry said it is receiving 2 million doses from Pfizer this week. It has received more than a million doses from Belgium since Wednesday and expects around another million this week. Reuters could not confirm if all the remaining Pfizer doses would come from Michigan. The White House on Monday said it would export up to 60 million doses of AstraZeneca's COVID-19 vaccine that have been made in a U.S. facility to countries in need.
Persons: Carlo Allegri, Carlo Allegri Pfizer Inc's, Johnson Organizations: Pfizer, REUTERS, Carlo Allegri Pfizer, Reuters, Moderna Inc, AstraZeneca Plc, BioNTech, U.S, United, AstraZeneca, Thomson Locations: Manhattan, New York City , New York, U.S, Mexico, United States, Kalamazoo , Michigan, Belgium, Michigan, India
REUTERS/Dustin ChambersEvidence submitted by a retail union that raised objections to Amazon.com Inc's (AMZN.O) conduct at this month's union election in Alabama "could be grounds for overturning the vote", the National Labor Relations Board said on Wednesday. The labor board has overturned several union elections over the years. In 2016, the board overturned an election the United Steelworks union lost by a decisive vote - a decision criticized by large U.S. business lobbies. "The evidence submitted by the union in support of its objections could be grounds for overturning the election if introduced at a hearing," the labor board said. For much of its history, the NLRB has used its decision-making authority to change labor policy by establishing new precedents.
Persons: Dustin Chambers, Inc's, Trump, Obama Organizations: REUTERS, National Labor Relations, United, Retail Wholesale, Department Store Union, NLRB, Thomson Locations: Bessemer , Alabama, U.S, Alabama, Amazon's Bessemer , Alabama
Sales have even boomed for its Windows operating system for PCs, which had waned for decades as smartphone have proliferated. Sales for what Microsoft calls its "commercial cloud" - which contains server infrastructure such as Azure along with cloud-based versions of its Office software - was up 33% at $17.7 billion. Overall sales at Microsoft's "intelligent cloud" unit that contains Azure were $15.1 billion, above analysts' estimates of $14.92 billion, according to Refinitiv data. Sales for Microsoft's productivity software unit, which includes Office and Teams, were $13.6 billion, compared with estimates of $13.49 billion, according to Refinitiv. Its sales forecasts for its intelligent cloud and personal computing businesses had midpoints of $16.32 billion and $13.80 billion, respectively, above estimates of $16.0 billion and $13.26 billion, according to Refinitiv data.
Persons: Mike Segar, Nicholas Hyett, Hargreaves Lansdown, Amy Hood, Amazon.com Inc's Organizations: Microsoft, REUTERS, Mike Segar Microsoft Corp, Tuesday, Amazon Web Services, Revenue, Refinitiv, Dynamics, Amazon.com, Web Services, Google, Alpha, Thomson Locations: New York City, U.S, Redmond , Washington
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