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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. …

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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) …

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Stocks in a tailspin, dollar soars as hard landing fears grow

Stocks in a tailspin, dollar soars as hard landing fears grow

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on …

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Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

May 11 (Reuters) – More than 2.8 million courses of Pfizer Inc’s (PFE.N) COVID-19 oral antiviral treatment Paxlovid have been made available at pharmacies around the United States, with the Biden administration working to improve access to the drug. As Paxlovid has become more widely used, some patients have reported that COVID-19 symptoms recurred after …

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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 …

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EXCLUSIVE Google paying more than 300 EU publishers for news, more to come

EXCLUSIVE Google paying more than 300 EU publishers for news, more to come

BRUSSELS, May 11 (Reuters) – Alphabet (GOOGL.O) unit Google has signed deals to pay more than 300 publishers in Germany, France and four other EU countries for their news and will roll out a tool to make it easier for others to sign up too, the company told Reuters. The move to be announced publicly …

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Shares drop, yields shoot up after US inflation data

Shares drop, yields shoot up after US inflation data

MILAN, May 11 (Reuters) – World shares turned lower on Wednesday and bond yields shot up after US data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. US futures turned negative after data showed US annual consumer price growth slowed to 8.3% in …

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Investors think unlikely Musk buys Twitter at agreed $44 bln price

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

SAN FRANCISCO, May 10 (Reuters) – A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by US District Judge Edward Chen of San Francisco is a …

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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 …

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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 …

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