DETROIT (Reuters) – Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations. The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered…
By Mike Scarcella and Jody Godoy (Reuters) -Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent. The terms of the settlement, disclosed on Tuesday, mark the largest accord ever…
By Joey Roulette WASHINGTON (Reuters) – SpaceX is in talks with U.S. and Australian officials to land and recover one of its Starship rockets off Australia’s coast, a possible first step toward a bigger presence for Elon Musk’s company in the region as the two countries bolster security ties, according to three people familiar with…
By Niket Nishant (Reuters) – Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from earlier in the session, when optimism fueled by Republican presidential candidate Donald Trump’s pro-crypto speech lifted stocks. The volatile cryptocurrency has often seen…
By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs. Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has led fast food chains such…
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines’ plan to eliminate open seating is one way for the company to raise much-needed revenue, but it comes with the risk of alienating loyal customers. The unusual practice of letting passengers choose their own seats once they board the plane was created by Southwest’s egalitarian-minded founder,…
WASHINGTON (Reuters) – Apple Inc has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 other firms that have committed to ensuring that AI’s power is not used for destructive purposes, the White House said on Friday. The original commitments, announced in July 2023, were signed on to by firms including…
(Reuters) – The U.S. Food and Drug Administration on Friday warned patients and doctors about dosing errors associated with compounded versions of Novo Nordisk’s weight loss and diabetes drugs. The health regulator said it has received reports of adverse events, some requiring hospitalization, that may be related to overdoses due to patients incorrectly self-administering the…
By Fabian Cambero and Natalia Siniawski SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the same period last year, to 579,785 metric tons, citing operational setbacks and difficult weather. The company attributed the lower output to an extended…
By Helen Reid LONDON (Reuters) – Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. Shein, which sells $5 tops and $10…
