Tuesday, 12 October 2021

Reuters Business: U.S. Senate Democrat asks Facebook CEO to retain documents

U.S. Senate Democrat asks Facebook CEO to retain documents

Senate Commerce Committee Chair Maria Cantwell on Tuesday called on Facebook Chief Executive Mark Zuckerberg to preserve all documents related to testimony from company whistleblower Frances Haugen last week.

Qualcomm announces new $10 billion stock buyback

Qualcomm Inc on Tuesday announced a new $10 billion stock buyback, effective immediately.

Hasbro announces passing of CEO Brian Goldner

Toymaker Hasbro Inc on Tuesday announced the passing of its longtime Chief Executive Officer Brian Goldner.

Wall Street closes lower on jitters ahead of earnings, Fed minutes

U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

U.S. oil and gas M&A activity in third quarter pulls back from 2-yr peak

Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets.

Apple likely to slash iPhone 13 production due to chip crunch - Bloomberg News

Apple Inc is expected to cut down production of the iPhone 13 serie by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Rebuffing Texas governor, American Airlines, Southwest stand by vaccine mandate

Rebuffing the Texas governor, American Airlines and Southwest Airlines said on Tuesday they would comply with U.S. President Joe Biden's executive order to require their employees be vaccinated for COVID-19 by a Dec. 8 deadline.

U.S. quits scale record high, millions of job openings as labor market tightens

The number of Americans voluntarily quitting their jobs surged to a record high in August and there were more than 10 million vacancies, pointing to a tightening labor market that could help to keep inflation high as companies raise wages to lure workers.

Wall Street closes lower on jitters ahead of earnings, Fed minutes

U.S. stocks finished lower on Tuesday, with investors jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market.

Exxon says union removal vote to go forward at Texas refinery hit by lockout

Exxon Mobil Corp said on Tuesday that a vote to remove the United Steelworkers union (USW) from representing locked-out workers at its Beaumont, Texas, refinery would go forward no matter the outcome of a contract ratification vote next week by those same workers.

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