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PayPal shares plunge 17% as bleak forecast stokes growth fears
(Reuters) - Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company's growth prospects after it disclosed a big hit to revenue from the impending loss of marq...
Syndicated Content Feb 02, 2022
TuSimple says it has completed 550 miles of fully driverless trucking, plans Texas expansion
(Reuters) - TuSimple Holdings Inc on Wednesday said its autonomous trucks have completed more than 550 miles (885 km) of public road driving in Arizona without a human behind the wheel. The company al...
Syndicated Content Feb 02, 2022
Europe needs to soften competition stance in telecoms sector, Telenor CEO says
OSLO (Reuters) - Norway's Telenor hopes the European Commission will change its stance on competition in the telecoms sector and allow for more consolidation and thereby encourage investments in infra...
Syndicated Content Feb 02, 2022
Global container flows struggle to pick up speed, data shows
By Jonathan Saul LONDON (Reuters) - Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-rel...
Syndicated Content Feb 02, 2022
U.S. union wants retailers to review wages paid by vendors in ‘human capital’ trend
By Ross Kerber (Reuters) - The Teamsters union wants four large U.S. retailers to investigate if companies in their supply chains are underpaying workers, hoping the retailers will use their leverage ...
Syndicated Content Feb 02, 2022
New York Times beats quarterly revenue estimates
(Reuters) -The New York Times Co surpassed fourth-quarter revenue estimates on Wednesday, benefiting from an influx of digital subscribers consuming news around the holiday season and the Omicron vari...
Syndicated Content Feb 02, 2022
Emerson profit doubles on higher automation demand
(Reuters) -Industrial conglomerate Emerson Electric Co posted a rise in quarterly profit on Wednesday, helped by strong demand for its automation systems as well as its valves and instruments across s...
Syndicated Content Feb 02, 2022
Capri raises revenue forecast on firm demand for luxury handbags, apparel
(Reuters) - Michael Kors owner Capri Holdings Ltd raised its full-year revenue and profit forecasts on Wednesday, as the company rides a boom in demand for luxury handbags and apparel in the United St...
Syndicated Content Feb 02, 2022
Top German court sides with lawmaker over slurs on Facebook
BERLIN (Reuters) - Germany's constitutional court on Wednesday sided with a politician seeking the personal data of several Facebook users to take legal action over slurs against her on the platform. ...
Syndicated Content Feb 02, 2022
Ferrari points to higher profits this year after record 2021 shipments
MILAN (Reuters) - Sports car maker Ferrari said on Wednesday its core earnings would rise this year after posting strong financial results in 2021 with record shipments of 11,155 vehicles. The Italian...
Syndicated Content Feb 02, 2022
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