Tuesday, 7 December 2021

Reuters Business: Exclusive: SEC's internal watchdog kept job despite 'serious misconduct' finding

Exclusive: SEC's internal watchdog kept job despite 'serious misconduct' finding

As the inspector general at the U.S. Securities and Exchange Commission, Carl Hoecker leads investigations into wrongdoing by agency staff. In one case, however, it was Hoecker himself who was under an investigation - one that concluded in 2019 with a recommendation that the agency consider firing him for "serious misconduct," government records reviewed by Reuters show.

Wall Street closes higher with Nasdaq boosted by tech rally

Wall Street's main indexes finished Tuesday's session with strong gains as investors shook off some anxiety about the latest virus variant and investors piled into technology stocks that boosted Nasdaq.

Apple's alleged restriction on workers' Slack use sparks labor complaint

Apple has restricted employees' use of workplace messaging app Slack, hampering workers' ability to engage in protected speech and organizing, a former employee alleged in a complaint to a U.S. labor regulator filed on Tuesday.

Nestle cuts L'Oreal stake by selling $10 billion worth of shares

Nestle SA said on Tuesday it would cut its stake in L'Oreal by selling shares worth 8.9 billion euros ($10.03 billion) back to the French cosmetics brand, as the Nescafe maker sharpens its focus on its core food and beverage divisions.

U.S. risks 'chilling' regulations on crypto, industry warns Congress

Top executives from six cryptocurrency firms will on Wednesday tell Congress to tread lightly in imposing new rules on digital assets - or risk sending activity underground or outside the United States.

Discord begins testing premium subscriptions in creator economy push

Chat platform Discord will launch a pilot test to let content creators sell subscriptions for access to their online communities, the company said on Tuesday, as it aims to keep up with the burgeoning creator economy.

EXCLUSIVE Amazon offered France deal to have bill protecting bookshops pulled

Amazon proposed raising book delivery charges in France to around 2 euros from almost nothing if parliament withdrew a bill that would make it more difficult for the e-commerce group to undercut local bookshops, a French senator told Reuters.

U.S. warns 5G wireless use could prompt flight diversions

The U.S. Federal Aviation Administration (FAA) on Tuesday warned that interference from planned use of 5G wireless spectrum posed an air safety risk and could result in flight diversions.

Kellogg to permanently replace striking employees as workers reject new contract

Kellogg Co said on Tuesday a majority of its U.S. cereal plant workers have voted against a new five-year contract, forcing it to hire permanent replacements as employees extend a strike that started more than two months ago.

Uber, Deliveroo could be hit by draft EU rules for gig workers

Uber , Deliveroo and other online platform companies may have to reclassify some of their workers as employees under draft European Union rules meant to boost their social rights, according to an EU document seen by Reuters.

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