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☆ Twitter suspends accounts of several journalists
  + stars: | 2022-12-16 | by ( ) www.reuters.com   time to read: +3 min
Dec 15 (Reuters) - Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of personal information applied to all, including journalists. On Wednesday, Twitter suspended @elonjet, an account tracking Musk's private jet in real time using data available in the public domain. Twitter on Thursday showed "account suspended" notices for a clutch of journalists' accounts. A spokesperson for The New York Times said: "Tonight's suspension of the Twitter accounts of a number of prominent journalists, including The New York Times's Ryan Mac, is questionable and unfortunate. We hope that all of the journalists' accounts are reinstated and that Twitter provides a satisfying explanation for this action."
☆ California approves $2.9 bln investment to double car chargers in state
  + stars: | 2022-12-15 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Lucy NicholsonDec 14 (Reuters) - The California Energy Commission on Wednesday approved a $2.9 billion investment plan to accelerate the state's 2025 electric vehicle (EV) charging and hydrogen refueling goals. The investment will result in 90,000 new EV chargers across the state, more than double the 80,000 chargers already installed, the energy commission said. The $1 trillion infrastructure bill provides $5 billion to help states install EV chargers along interstate highways over five years. States now have access to more than $1.5 billion to help build EV chargers. California, in August, moved to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids.
☆ U.S., UK export controls hit China's access to Arm's chip designs -FT
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: +2 min
Dec 14 (Reuters) - Chinese tech giant Alibaba Group Holding Ltd cannot buy some of the most advanced chip designs after the SoftBank-owned (9984.T) British chip tech firm Arm Ltd determined that U.S. and Britain would not approve licences to export technology to China, the Financial Times reported on Wednesday. This is the first known time that Arm has decided it could not export its most cutting-edge designs to China, the report said, citing people familiar with the matter. The British chip tech firm concluded that the United States and Britain would not approve the sale of its latest Neoverse V series because the performance was too high, the report added. Arm launched its next generation of data center chip technology called Neoverse V2 earlier this year to meet the explosive growth of data from 5G and internet-connected gadgets. Reporting by Rhea Binoy in Bengaluru; Editing by Dhanya Ann Thoppil and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. to add over 30 Chinese companies to trade blacklist -Bloomberg News
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: +1 min
Dec 13 (Reuters) - The Biden administration plans to place Chinese chip maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain American components, Bloomberg News reported on Tuesday. The U.S Department of Commerce will add the Chinese companies to a so-called Entity List as early as this week, the report said, citing a person familiar with the matter. Once a company is added to the entity list, its U.S. suppliers must seek a special license to ship even low-tech items to it. Dozens of other Chinese entities, including YMTC, were "at risk" of being added to a trade blacklist as soon as Dec. 6, a U.S. Commerce Department official said in prepared remarks seen by Reuters last month. In October, 31 entities, including YMTC, were added to a list of companies that U.S. officials have been unable to inspect, ratcheting up tensions with Beijing.
☆ Albertsons says Washington AG denied request for injunction to stop dividend payout
  + stars: | 2022-12-10 | by ( Industry Insight | Insights In Action | Service Is Now Table Stakes As Clients Seek Higher Value Firms | ) www.reuters.com   time to read: +2 min
[1/2] The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Rancho Cucamonga, California, U.S., October 14, 2022. REUTERS/Aude GuerrucciDec 10 (Reuters) - U.S. grocery chain Albertsons Companies Inc (ACI.N) said that Washington State Court had denied a request of preliminary injunction by the state's Attorney General to prevent the company from paying $4 billion to shareholders in a special dividend. The court has extended the existing temporary restraining order until Dec. 19 to give the Attorney General an opportunity to appeal, the company said late on Friday. The Washington Attorney General has said that the dividend payout "risks severely undercutting the grocery giant's ability to compete" during the lengthy regulatory scrutiny. Albertsons has maintained that it was in a strong position financially and that the dividend would not hurt it.
☆ UKMTO says aware of reports of incident in Red Sea - statement
  + stars: | 2022-12-10 | by ( ) www.reuters.com   time to read: 1 min
Dec 10 (Reuters) - Britain's Maritime Trade Operations (UKMTO) agency on Saturday said it was aware of reports of an incident involving a vessel in the Red Sea. The UKMTO, which is part of the Royal Navy, said the vessel and crew were reported to be safe, without providing further details. Reporting by Rhea Binoy in Bengaluru; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ Griner lands in U.S. as Russia's Bout greets family in Moscow
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Dec 9 (Reuters) - Basketball star Brittney Griner landed in the United States on Friday after 10 months in Russian detention that ended with a prisoner swap with arms dealer Viktor Bout who flew home hours earlier to embrace his family on the airport tarmac in Moscow. The two countries had swapped prisoners in April when Russia released former U.S. Marine Trevor Reed and the United States released Russian pilot Konstantin Yaroshenko. Griner, 32, a two-time Olympic gold medalist and star of the Women's National Basketball Association's Phoenix Mercury, flew in to San Antonio, Texas. She had been arrested on Feb. 17 at a Moscow airport after vape cartridges containing cannabis oil, which is banned in Russia, were found in her luggage. As Griner flew back home, Bout arrived in Moscow and hugged his mother and wife after stepping onto the tarmac, television images showed.
☆ Brittney Griner arrives in the U.S. after prisoner exchange with Russia
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +1 min
Dec 9 (Reuters) - A plane carrying basketball star Brittney Griner landed in the United States early on Friday, nearly 10 months after she was detained in Russia. Griner was released in a prisoner swap with Russia in exchange for arms dealer Viktor Bout and was heading home on Thursday, ending what President Joe Biden called months of "hell" for her and her wife. [1/3] The plane carrying U.S. basketball star Brittney Griner arrives, following her release from prison in Russia, in San Antonio, Texas, U.S., December 9, 2022. The swap was a rare instance of cooperation between the United States and Russia since the invasion of Ukraine. The two countries also swapped prisoners in April when Russia released former U.S. Marine Trevor Reed and the United States released Russian pilot Konstantin Yaroshenko.
☆ Apple and Amazon resume advertising on Twitter, reports say
  + stars: | 2022-12-04 | by ( ) www.reuters.com   time to read: +2 min
Dec 3 (Reuters) - Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. Twitter billed the offer as the "biggest advertiser incentive ever on Twitter," according to the email reviewed by Reuters. On Saturday, a Platformer News reporter tweeted that Amazon is planning to resume advertising on Twitter at about $100 million a year, pending some security tweaks to the company's ads platform. However, a source familiar with the matter told Reuters that Amazon had never stopped advertising on Twitter. Separately, during a Twitter Spaces conversation, Musk announced that Apple is the largest advertiser on Twitter and has "fully resumed" advertising on the platform, according to a Bloomberg report.
☆ India's Oyo lays off 600 employees as part of 'wide ranging' reorganisation
  + stars: | 2022-12-03 | by ( Rhea Binoy | ) www.reuters.com   time to read: +1 min
Dec 3 (Reuters) - Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said on Saturday it ins cutting 600 jobs in its corporate and technology departments. India's IPO-bound Oyo will cut 10% of its 3,700-employee base, while at the same time hiring 250 people, it said in a statement. Oyo Hotels first filed to go public in October 2021 but it has delayed the share sale due to market conditions. The company reported a net loss of 3.33 billion Indian rupees ($40.90 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. ($1 = 81.4100 Indian rupees)Reporting by Rhea Binoy in Bengaluru, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Crypto exchange Gemini trying to recover $900 million from crypto lender Genesis, Financial Times reports
  + stars: | 2022-12-03 | by ( ) www.reuters.com   time to read: +1 min
Dec 3 (Reuters) - Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month’s failure of Sam Bankman-Fried’s FTX crypto group, the newspaper said, citing people familiar with the matter. Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis' crypto lending arm, Digital Currency Chief Executive Barry Silbert told shareholders last month. Gemini, which runs a crypto lending product in partnership with Genesis, has now formed a creditors' committee to recoup the funds from Genesis and its parent DCG, the report added. Genesis Global Capital suspended customer redemptions in its lending business last month, citing the sudden failure of crypto exchange FTX.
☆ Fitch downgrades Telecom Italia to 'BB-'
  + stars: | 2022-11-15 | by ( ) www.reuters.com   time to read: +1 min
Nov 15 (Reuters) - Ratings agency Fitch on Tuesday downgraded Telecom Italia's credit rating to 'BB-' from 'BB,' citing insufficient debt reduction in 2022. It expects the company's free cash flow to remain negative for at least three years, adding that financing of its negative free cash flow is increasingly important given financial market volatility and high interest rates. Ratings agency S&P Global in October downgraded Telecom Italia to "B+" from "BB-," citing a weak macro environment. Moody's in July downgraded Telecom Italia by one notch to 'B1,' citing expectations its leverage will remain high and free cash flow will stay negative over the next two to three years. Italy's new government wants to bring Telecom Italia's network under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday.
☆ Twitter Blue 'probably' coming back end of next week, Musk says
  + stars: | 2022-11-13 | by ( ) www.reuters.com   time to read: +1 min
Nov 12 (Reuters) - Twitter Blue will probably "come back end of next week", billionaire owner Elon Musk said in a tweet on Saturday. loadingTwitter on Friday paused its recently announced $8 blue check subscription service on Friday as fake accounts mushroomed. The coveted blue check mark was previously reserved for verified accounts of politicians, famous personalities, journalists and other public figures. "To combat impersonation, we've added an 'Official' label to some accounts," Twitter's support account - which has the "official" tag - tweeted on Friday. The label was originally introduced on Wednesday - but "killed" by Musk just hours later.
☆ Meta will begin laying off employees on Wednesday morning - WSJ
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +2 min
U.S. Senate Judiciary Committee via REUTERS//File PhotoNov 8 (Reuters) - Meta Platforms Inc (META.O) will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported. The specific employees losing their jobs will be informed over the course of the morning, the report said. Meta reported more than 87,000 employees at the end of September. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Microsoft Corp (MSFT.O) also laid off around 1,000 employees across several divisions in October, according to an Axios report.
☆ Musk's Twitter updates app to start charging $8 for blue checkmark
  + stars: | 2022-11-05 | by ( Rhea Binoy | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration/File PhotoNov 5 (Reuters) - Twitter on Saturday updated its app in Apple's App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. The change comes a week after Musk took over the social media company in a $44 billion deal. It was not immediately clear how or if Twitter planned to verify the identity of the user beyond charging a fee. Twitter Blue will roll out in India in "hopefully less than a month," Musk tweeted in reply to a question from a follower. As of Saturday, the update to Twitter Blue remained at the old price of $4.99.
☆ Twitter launches $8 monthly subscription with blue checkmark
  + stars: | 2022-11-05 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoNov 5 (Reuters) - Twitter Inc on Saturday launched a subscription service for its social media platform for $8 a month that includes the blue checkmark "verified" badge, offering an updated version on Apple’s App Store. In an update to Apple iOS devices, Twitter said those who "sign up now" can receive the sought-after blue checkmark next to their user names, "just like the celebrities, companies and politicians you already follow." A blue check mark next to a person's user name means Twitter has confirmed that the account belongs to the person or company claiming it. Twitter's update said the new service with verification will be available in the United States, Canada, Australia, New Zealand and the United Kingdom. However, according to a tweet from Twitter's early stage products executive Esther Crawford on Saturday, the new Twitter Blue service is available but has not yet gone live.
☆ United Airlines suspends ad spending on Twitter
  + stars: | 2022-11-05 | by ( ) www.reuters.com   time to read: 1 min
Nov 4 (Reuters) - United Airlines Holdings Inc (UAL.O) joined the list of companies that are suspending ad spending on Twitter, a United spokeswoman confirmed late on Friday. Major brands such as General Mills Inc (GIS.N) and luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. Reporting by Rhea Binoy in Bengaluru and David Shepardson in Washington; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
☆ Washington state court temporarily blocks Albertsons' $4 bln dividend payout
  + stars: | 2022-11-04 | by ( Boies | Hausfeld Among Law Firms Reaping | Mln Windfall In Blue Cross Antitrust Case | ) www.reuters.com   time to read: +2 min
Nov 3 (Reuters) - A state court in Washington has temporarily blocked Albertsons Companies Inc (ACI.N) from paying a $4 billion dividend to shareholders before the grocery chain closes its proposed deal with rival Kroger Co (KR.N), documents filed said on Thursday. Kroger Co (KR.N) snapped up Albertsons in a $25 billion deal in last month's mega merger between the No. "By eliminating its cash-on-hand and nearly doubling its debt, Albertsons will be in a weakened competitive position relative to Kroger, thereby harming grocery consumers and workers throughout Washington," State Court Commissioner Henry Judson wrote in issuing the temporary restraining order. Washington State Attorney General Bob Ferguson called the temporary order a "huge victory". In its statement, Albertsons said on Thursday the court order was based on the "incorrect assertion" that the dividend payout would weaken its competitiveness while antitrust agencies review the proposed merger.
☆ Washington court temporarily blocks Albertsons' $4 bln dividend payment
  + stars: | 2022-11-04 | by ( Boies | Hausfeld Among Law Firms Reaping | Mln Windfall In Blue Cross Antitrust Case | ) www.reuters.com   time to read: +1 min
Nov 3 (Reuters) - Washington's King County court has granted a nationwide temporary restraining order, blocking grocery chain Albertsons Companies Inc's (ACI.N) $4 billion dividend payment, State Attorney General Bob Ferguson tweeted on Thursday. loading"We'll be back in court Nov. 10 seeking an injunction to keep the dividend on hold while our lawsuit continues," Ferguson said in a tweet. Supermarket operator Kroger Co (KR.N) snapped up Albertsons in a $25 billion deal last month, to better compete against U.S. grocery industry leader Walmart Inc on prices. Ferguson filed a lawsuit on Tuesday to block Albertsons from paying dividends to shareholders before closure of its proposed merger with Kroger. The attorneys general of Washington D.C., California and Illinois also filed a lawsuit on Wednesday in a federal court seeking to block the dividend payment alleging that the proposed dividend was in violation of federal and state antitrust laws by rendering Albertsons less able to compete effectively with other supermarkets.
☆ Republican National Committee sues Google over email spam filters
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +2 min
Oct 22 (Reuters) - The Republican National Committee (RNC) filed a lawsuit against Google on Friday, for allegedly sending its emails to users' spam folders. "Google has relegated millions of RNC emails en masse to potential donors’ and supporters’ spam folders during pivotal points in election fundraising and community building," the RNC said in the lawsuit. Register now for FREE unlimited access to Reuters.com RegisterGoogle did not immediately respond to a request from Reuters for comment. Spam filters on email services typically weed out unsolicited "spam" messages and divert them to a separate folder. The committee said the "discrimination" had been going on for about 10 months despite its best efforts to work with Google.
☆ Amazon launches home insurance comparison website in Britain
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 19 (Reuters) - Amazon.com Inc (AMZN.O) is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services. Moneysupermarket.com's (MONY.L) shares slumped more than 8% on Wednesday following the news that Amazon will be stepping into the insurance-price comparison market. Amazon has been considering launching a comparison website in Britain for several years. The new portal, Amazon Insurance Store, will also include customer reviews and ratings on insurance companies and the rate at which the claims were accepted for policies offered, Amazon said. Amazon partnered with Lloyd's broker Superscript last year to offer insurance to small and medium-sized UK business customers.
☆ Dutch central bank urges pension funds to guard against UK-style crisis - FT
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
Oct 19 (Reuters) - The Dutch central bank is calling on the country's pension funds to consider boosting holdings of cash and other liquid assets to ensure that they can avoid the turmoil that has hit the UK, the Financial Times reported on Wednesday. The officials at the Dutch central bank have asked local retirement funds to check for signs of stress, recommending that they review liquidity rules and report on any need for fire sales of assets, the report added, citing people familiar with the matter. The move comes after UK pension funds were forced to offload billions of pounds government bonds, or gilts, at distressed prices earlier this month, after an ill-fated package of tax cuts sent yields soaring, triggering margin calls on derivatives designed to protect the funds against movements in rates. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rhea Binoy in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
☆ Credit Suisse prepares Swiss business sales to raise capital - FT
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +2 min
Oct 15 (Reuters) - Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial Times reported on Saturday, citing people familiar with the matter. "We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings," Credit Suisse told Reuters in an emailed statement. The bank is also looking to sell its famed Savoy Hotel, located on Paradeplatz in the centre of Zurich's financial district. The hotel could be worth 400 million Swiss francs, as reported by finance blog Inside Paradeplatz early this month. The bank is due to present its new business strategy on Oct. 27, when it announces third-quarter results.
☆ Apple workers vote to unionize second U.S. store
  + stars: | 2022-10-15 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +3 min
NEW YORK, Oct 14 (Reuters) - Apple Inc retail workers voted to form a union at an Oklahoma location, the U.S. National Labor Relations Board (NLRB) said on Friday, making it the tech giant's second U.S. store to organize. Employees at the Apple Penn Square store in Oklahoma City voted 56 to 32 in support of joining the Communications Workers of America Union (CWA), securing the needed majority, according to a tally by the NLRB. Apple workers near Baltimore, Maryland, voted in June to join the International Association of Machinists and Aerospace Workers. The CWA in May withdrew an election petition on behalf of Apple workers in Atlanta, Georgia, claiming that Apple had repeatedly violated federal labor law and the rising number of COVID infections among store employees made a fair election impossible, according to the CWA. Some current and former Apple workers last year began criticizing the company's working conditions online, using the hashtag #AppleToo.
☆ Credit Suisse prepares Swiss business sales to raise capital, Financial Times reports
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +2 min
Oct 15 (Reuters) - Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial Times reported on Saturday, citing people familiar with the matter. "We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings," Credit Suisse told Reuters in an emailed statement. The bank is also looking to sell its famed Savoy Hotel, located on Paradeplatz in the centre of Zurich's financial district. The hotel could be worth 400 million Swiss francs, as reported by finance blog Inside Paradeplatz early this month. The bank is due to present its new business strategy on Oct. 27, when it announces third-quarter results.
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