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

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

Tesla rolls out first vehicles as German gigafactory goes live

BERLIN, March 22 (Reuters) – Tesla will on Tuesday deliver to customers the first 30 Model Y cars made at its 5 billion euro ($5.5 billion) Gruenheide plant, launching its first European production hub that is the biggest investment in a German car factory in recent history. Chief Executive Elon Musk arrived in Berlin on … Read more

Union workers at Chevron refinery prepare for strike on Monday

Chevron Corp’s refinery is shown in Richmond, California August 7, 2012. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register March 20 (Reuters) – The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 am on Monday barring agreement … Read more

Amazon slams Reliance takeover of Future stores as ‘fraud’ in India newspaper ads

NEW DELHI, March 15 (Reuters) – Amazon.com Inc has gone on the attack in its bitter dispute with two Indian retailers, accusing them of fraud in Indian newspaper ads on Tuesday after Reliance Industries (RELI.NS) suddenly took over many of Future Retail (FRTL.NS) stores. Amazon has been contesting the planned $3.4 billion sale of Future … Read more

Deutsche Bank rebuked over remaining in Russia as others quit

Deutsche CEO says in Russia to serve multinational customers Deutsche CEO says exit ‘would go against our values’ Investors criticizes Deutsche’s Russia presence Deutsche Bank has said monitoring situation, may adapt CEO’s 2021 pay up 20% FRANKFURT, March 11 (Reuters) – Deutsche Bank (DBKGn.DE) faced stinging criticism from some investors and politicians on Friday for … Read more