A US FCC commissioner urges Apple, Google to boot TikTok from app stores

WASHINGTON / NEW YORK, June 29 (Reuters) – A Republican member of the Federal Communications Commission has urged the chief executives of Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google to kick Chinese-owned TikTok out of its app stores. Brendan Carr, the FCC commissioner, said in a letter to the CEOs, dated June 24 and … Read more

S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more

Bed Bath & Beyond replaces CEO Tritton as sales sink

June 29 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) on Wednesday replaced Chief Executive Officer Mark Tritton as part of a management shake-up to reverse a slump in its business, the home goods retailer said. Shares fell 13% in premarket trading as the company’s first-quarter net sales slumped 25%, rounding off a year of … Read more

Legal clashes await US companies covering workers’ abortion costs

June 26 (Reuters) – A growing number of large US companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said . Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Lyft Inc … Read more

Apple ready to bargain with its first US store to unionize: source

June 24 (Reuters) – Apple Inc (AAPL.O) accepts the outcome of a vote by Maryland store workers to become its first US employees to join a union and is ready to bargain with them, a person familiar with the matter told Reuters on Friday. Apple is one of several major American companies whose workforces have … Read more

Disney, other US companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – US companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the US Supreme Court overturned Roe v Wade. The US Supreme Court on Friday overturned the landmark 1973 … Read more

Meta and other tech giants form metaverse standards body, without Apple

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS / Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Meta (META.O), Microsoft (MSFT.O) and other tech giants racing to build the emerging metaverse concept have formed a group to … Read more

Apple workers at Maryland store vote to unionize, a first for the US

June 18 (Reuters) – Apple Inc (AAPL.O) workers in Maryland voted on Saturday to join a union, becoming the first retail employees of the tech giant to unionize in the United States. More than 100 workers in Towson near Baltimore “have overwhelmingly voted to join the International Association of Machinists and Aerospace Workers,” the union … Read more

Warren Buffett charity lunch fetches record winning bid of $ 19 million

June 18 (Reuters) – A wealthy person has bid a record $ 19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned off a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the … Read more

Dozens of companies, small business groups back US bill to rein in Big Tech

WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations are sending a letter to US senators on Monday to urge them to support a bill aimed at reining in the biggest tech companies, such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Democratic US Senator Amy Klobuchar and lawmakers from both parties said last … Read more