Meta battles U.S. antitrust agency over future of virtual reality

Meta battles U.S. antitrust agency over future of virtual reality

SAN JOSE, Calif./ WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly dent BlackRock’s $8 trillion in assets … Read more

Elon Musk trial opens to decide fate of his $56 billion Tesla pay

Elon Musk trial opens to decide fate of his $56 billion Tesla pay

WILMINGTON, Del, Nov 14 (Reuters) – A trial opened Monday over shareholder allegations that Tesla Inc Chief Executive Elon Musk’s $56 billion pay package was rigged with easy performance targets and that investors were duped into approving it, with Musk slated to take the stand later this week. A Tesla (TSLA.O) shareholder hopes to prove … Read more

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

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

Musk looking to axe 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

More U.S. companies charging employees for job training if they quit

More U.S. companies charging employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed esthetician with no need for instruction, she argued that the trainings were specific to the shop and low quality. Bal’s story mirrors that of dozens of … Read more

U.S. Supreme Court’s Kavanaugh says overtime pay rules may be invalid

U.S. Supreme Court’s Kavanaugh says overtime pay rules may be invalid

Challenge to overtime pay exemptions would be “strong,” justice says Case involves oil rig worker who earned $200,000 a year Appeal does not challenge rules, only the way they are applied (Reuters) – U.S. Supreme Court Justice Brett Kavanaugh on Wednesday seemed to invite a legal challenge to World War II-era regulations exempting certain workers … Read more

Musk, Twitter may reach deal to end court battle as early as Wednesday -source

Musk, Twitter may reach deal to end court battle as early as Wednesday -source

WILMINGTON, Del., Oct 5 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) may reach an agreement to end their litigation as soon as Wednesday and clear the way for the world’s richest person to close his $44 billion deal for the social media platform, a source familiar with the litigation told Reuters. Chancellor Kathaleen McCormick, … Read more

Twitter to interview Elon Musk, known for combative testimony

Twitter to interview Elon Musk, known for combative testimony

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc (TWTR.N)are expected to interview the Tesla Inc (TSLA.O) CEO about his abrupt decision in July to ditch his $44 billion deal for the social media … Read more

NYC, California pensions ask credit card firms to help track suspicious gun buys

NYC, California pensions ask credit card firms to help track suspicious gun buys

New York City Comptroller Brad Lander speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, U.S., January 6, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 30 (Reuters) – Top New York … Read more

Bayer to pay $40 million to resolve U.S. whistleblower claims over three drugs

Bayer to pay $40 million to resolve U.S. whistleblower claims over three drugs

The logo of Bayer AG is pictured on the facade of the historical headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, April 27, 2020. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – Bayer AG (BAYGn.DE) agreed to pay $40 million to settle claims over its … Read more