Friday 18 February 2022

Reuters Business: ISS supports Apple shareholder proposal on forced labor

ISS supports Apple shareholder proposal on forced labor

Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote for a resolution demanding greater transparency in the iPhone maker's efforts to protect workers in its supply chain from forced labor.

J&J unit proposes independent exam if it remains in bankruptcy

A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the healthcare giant undertook in an attempt to settle in U.S. bankruptcy court thousands of lawsuits alleging that J&J baby powder and other talc products cause cancer.

Wall Street ends lower as investors eye Ukraine conflict

Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.

Purdue's Sackler owners propose up to $6 bln in opioid settlement

The Sackler family owners of Purdue Pharma have proposed a settlement worth up to $6 billion to resolve allegations the company and the owners contributed to the U.S. opioid epidemic, according to a mediator's report.

As stocks swing, investors bet choppy markets are here to stay

After a turbulent start to the year, investors are betting stock market volatility isn't going away anytime soon.

GM seeks U.S approval to deploy self-driving vehicles

General Motors Co and its self-driving technology unit Cruise have petitioned U.S. regulators for permission to build and deploy a self-driving vehicle without human controls like steering wheels or brake pedals, Cruise said Friday.

Eurodollar futures market betting hawkish Fed could ease rates, slightly, in 2024

Eurodollar futures, which reflect the outlook for U.S. interest rates over the next few years, have started to price in an incremental easing of monetary policy by the Federal Reserve in 2024. If that plays out, it would be just two years after what is expected to be the start of a Fed tightening next month.

Spotify shares fall after Joe Rogan's podcast briefly not accessible

Spotify Technology's shares fell 5% on Friday after Joe Rogan's podcast was briefly not accessible on the company's streaming platform.

Meta tells advertisers mixed reality could be a few years away

Technology that merges the virtual and physical worlds could start to become a reality for consumers in a few years, Facebook owner Meta Platforms Inc has told advertising agencies, giving more details of its vision for the creation of the metaverse.

Canada govt to stop funding Trans Mountain oil line project as costs soar 70%

Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion).

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