TOPNWS

Microsoft faces EU antitrust warning over Activision deal – sources

BRUSSELS, Jan 16 (Reuters) – Microsoft (MSFT.O) is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O), people familiar with the matter said, that could pose another challenge to completing the deal. The European Commission is readying a charge sheet known as a statement …

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Fired Twitter workers can’t pursue claims through class-judge action

Jan 14 (Reuters) – Twitter Inc has won a ruling allowing the social media company to force several dismissed workers pursuing their dismissals to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing …

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China acquires ‘preferred shares’ in two Alibaba units

BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd (9988.HK), according to company registration records, so that Beijing is extending its campaign to tighten control over the Internet. contents. Beijing has taken “preferred shares” in private online media and …

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TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall …

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US inflation subsidizes as consumer prices fall; labor market still tight

Consumer prices fell 0.1% in December The CPI increases by 6.5% over one year Core CPI increases by 0.3%; up 5.7% year-on-year Weekly jobless claims fall by 1,000 to 205,000 WASHINGTON, Jan 12 (Reuters) – U.S. consumer prices fell for the first time in more than two and a half years in December amid falling …

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Goldman job cuts hit investment banking and global markets hard

Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 (Reuters) – Goldman Sachs (GS.N) began laying off staff on Wednesday as part of a sweeping cost-cutting campaign, with around a third of those affected …

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Wall St ends sharply higher on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains Indices: Dow up 0.8%, S&P 500 up 1.3%, Nasdaq up 1.8% NEW YORK, Jan 11 (Reuters) – U.S. stocks ended sharply higher on Wednesday, with the S&P 500 and Nasdaq each gaining more than 1% as investors were bullish ahead …

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