China plans to remove hurdle to Sino-US audit cooperation

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SHANGHAI/BEIJING, April 2 (Reuters) – China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-US … Read more

New York warehouse workers vote to form first US union at Amazon

NEW YORK, April 1 (Reuters) – Workers at an Amazon.com Inc (AMZN.O) warehouse in New York City voted to form the first union at the second-largest US private employer, a victory that adds to recent grassroots successes by labor activists pushing into new industries. Employees at the online retailer’s fulfillment center in the borough of … Read more

Amazon union has strong lead in NY vote count; losing in Alabama

March 31 (Reuters) – Amazon.com Inc (AMZN.O) workers at a warehouse in New York City’s Staten Island have so far voted 57% in favor of unionizing with a final tally due on Friday, a potential landmark victory for organized labor at the second-largest US private employer. But that win contrasted with 53% of Amazon workers … Read more

Intel CEO earned 1,711 times more than average company worker in 2021

March 30 (Reuters) – Intel Corp (INTC.O) Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than … Read more

Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion

Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register March 29 (Reuters) – As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 … Read more

EXCLUSIVE US boost fines for automakers not meeting fuel economy rules in Tesla win

Traffic is seen on a highway in New York, US, July 2, 2021. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 27 (Reuters) – The US National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements … Read more

US tech giants face tough new rules as EU countries, lawmakers clinch deal

BRUSSELS, March 24 (Reuters) – Alphabet’s (GOOGL.O) Google, Amazon (AMZN.O), Apple (AAPL.O), Meta (FB.O) and Microsoft (MSFT.O) may have to change their core business practices in Europe as EU countries and EU lawmakers on Thursday clinched a deal on landmark rules to curb their powers. France, which currently holds the rotating EU presidency, said in … Read more

Authentication firm Okta’s shares slide after hack warning

People’s miniatures are seen in front of Okta logo in this illustration taken March 22, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 23 (Reuters) – Shares in Okta Inc fell 9% on Wednesday after the US digital authentication firm said hundreds of its customers may have been affected … Read more

Disney employees stage walkouts to protest company response to Florida bill

LOS ANGELES, March 22 (Reuters) – Employees of the Walt Disney Co (DIS.N) staged walkouts and social media campaigns on Tuesday to protest the company’s response to Florida legislation that would limit classroom discussion of sexual orientation or gender identity. In a rare public demonstration of unrest, about 60 Disney employees gathered at a park … Read more

US SEC to Elon Musk: Regarding your tweets, a deal is a deal

NEW YORK, March 22 (Reuters) – The top US securities regulator on Tuesday urged a federal judge not to let Elon Musk escape an agreement requiring that his Twitter use be monitored, which the Tesla Inc (TSLA.O) chief executive considers part of a campaign of harassment. In a filing in the federal court in Manhattan, … Read more