Foxconn unrest risks iPhone shipments, weighs on Apple shares

Foxconn Zhengzhou plans Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plan in China is set to see a further reduction in November shipments after the latest bout … Read more

Musk warns of Twitter bankruptcy as more senior executives quit

Nov 10 (Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US regulator and departures of senior executives viewed as future leaders. The billionaire told Twitter employees on a call that he could not rule … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to ax around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Exclusive: Twitter is losing its most active users, internal documents show

Oct 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active … Read more

Adidas ends Kanye West partnership over anti-Semitism, hate speech

Adidas ends partnership immediately To take ~$250 mln hit to 2022 net income Adidas sole owner of design rights Oct 25 (Reuters) – Adidas AG (ADSGn.DE) is immediately terminating its partnership with Kanye West, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer. The … Read more

Indonesia soccer stampede kills 125 after police use tear gas in stadium

More than 320 injured during crowd stampede Indonesia football association suspends league to investigate Police say they fired tear gas to control crowd MALANG, Indonesia, Oct 2 (Reuters) – A stampede at a soccer stadium in Indonesia has killed 125 people and injured more than 320 after police police used tear gas to quell a … Read more

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Volkswagen expected to rubber-stamp landmark Porsche IPO plan -source

Attendees look at the 2022 Porsche 718 Cayman GT4 RS during the 2021 LA Auto Show in Los Angeles, California, U.S. November 17, 2021. REUTERS/Ringo Chiu Register now for FREE unlimited access to Reuters.com register HAMBURG/FRANKFURT, Sept 5 (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is expected to approve a plan to list sportscar maker Porsche … Read more

Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower

Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Sept 4 (Reuters) – Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer fell to his death from New York’s Tribeca skyscraper known as … Read more

Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) on Wednesday said it inked deals for more than $500 million in new financing and that it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. Investors, however, remain concerned that the retailer’s plan, … Read more