Aug 03, 2022
Ben & Jerry’s says Unilever froze directors’ salaries

By Jessica DiNapoli NEW YORK (Reuters) -Ben & Jerry's independent board said parent company Unilever Plc, with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors' salaries in July as a…

Aug 03, 2022
U.S. crypto firm Nomad hit by $190 million theft

By Elizabeth Howcroft LONDON (Reuters) -U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet https://twitter.com/nomadxyz_/status/1554246853348036608…

Aug 01, 2022
U.S. considers crackdown on memory chip makers in China

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) - The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter,…

Aug 01, 2022
Wall Street ends down after biggest month since 2020

By Aniruddha Ghosh and Noel Randewich (Reuters) - Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil and other energy companies weighing against gains in Boeing as investors digested the U.S. stock market's biggest…

Aug 01, 2022
Einhorn’s Greenlight takes stake in Twitter – letter

By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said…

Jul 28, 2022
Russia fines WhatsApp, Snap and others for storing user data abroad

MOSCOW (Reuters) -A Russian court on Thursday fined Meta Platforms Inc's WhatsApp messenger, Snapchat owner Snap Inc and other foreign firms for their alleged refusal to store the data of Russian users domestically. Moscow has clashed with Big Tech over…

Jul 27, 2022
Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.…