By Daniel Wiessner (Reuters) -Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs, lawyers for the plaintiffs said. The lawsuit filed in state court in San Francisco by two women claims Apple systematically underpays female […]
Biden taps CFTC commissioner Goldsmith Romero to lead scandal-hit FDIC
By Douglas Gillison and Chris Prentice WASHINGTON (Reuters) -U.S. President Joe Biden will nominate Christy Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission (CFTC), to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation (FDIC), the White House said on Thursday. The intended nomination from the White House comes after […]
Tyson Foods suspends CFO John Tyson after arrest
(Reuters) -Tyson Foods has suspended its chief financial officer, John R. Tyson, after he was arrested on charges of alleged driving while intoxicated, the company said on Thursday. The U.S. meat packer said that Tyson was suspended from his duties immediately, and that Curt Calaway, a senior finance executive at the company, will take over […]
JPMorgan, Greek fintech, claim success in London court
LONDON (Reuters) – Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its potential sale. Karonis’s WEREALIZE.COM (WRL), the majority owner of Athens-based Viva Wallet, has accused JP Morgan of trying to […]
GameStop tumbles for second day as meme-stock rally fades
(Reuters) – Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the […]
Global stock index up slightly while euro falls, yields up
By Sinéad Carew and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – MSCI’S global equities index edged higher on Monday ahead of key inflation data and central bank policy meetings, while the euro fell after French President Emmanuel Macron called a snap election. U.S. Treasury yields were higher as investors digested Friday’s labor market data and looked […]
Chipmaker Intel to halt $25-billion Israel plant, news website says
JERUSALEM (Reuters) – Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or deny. The U.S. company, asked about the report, cited the need to adapt big projects to changing timelines, without directly referring to the […]
Nvidia sparks chatter over possible Dow inclusion after stock split
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation. […]