Exclusive: Microsoft faces complex technical challenges in TikTok carveout
(Reuters) - Microsoft Corp's
bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavor that could test the patience of President Donald Trump's administration, according to sources familiar with the setup.
McDonald's sues ousted CEO, saying he lied about sexual affairs with employees
(Reuters) - McDonald's Corp said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees.
Dow, S&P 500 up; tech-related shares underperform value
(Reuters) - The S&P 500 and Dow rose on Monday, as investors rotated into value stocks from heavyweight tech-related names while they awaited news on progress in a fiscal support bill for the country's battered economy.
U.S. loan to Kodak will not proceed unless allegations cleared: White House
WASHINGTON (Reuters) - The U.S. government will not proceed with a $765 million loan to Eastman Kodak Co
to make drugs at its U.S. factories unless the company is cleared of alleged wrongdoing in circumstances surrounding the announcement of the loan, the White House said on Monday.
Fiat Chrysler asks judge to deny GM request to reopen racketeering case
(Reuters) - Fiat Chrysler Automobiles NV (FCA) on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller rival, comparing a recent GM filing to a "third-rate spy movie, full of preposterous allegations."
Tech giants back legal challenge to Trump's foreign worker restrictions
WASHINGTON (Reuters) - Top U.S. tech firms including Amazon.com Inc
and Facebook Inc filed a legal brief on Monday backing a challenge to U.S. President Donald Trump's temporary ban on the entry of certain foreign workers to preserve jobs for Americans during the coronavirus pandemic.
Facebook, Microsoft gripes with Apple's App Store on EU's antitrust radar
BRUSSELS (Reuters) - Facebook and Microsoft's grievances over how their gaming apps appear on Apple's App Store may feed into an EU investigation into the iPhone maker's business as EU antitrust regulators said such concerns are on their radar.
Marriott sees cash burn slowing as bookings recover from coronavirus lows
(Reuters) - Marriott International
said on Monday it expects cash burn for the year to be slower than previous estimated as bookings slowly recover from the coronavirus lows that pushed the hotel chain to post its first quarterly loss in nearly nine years.
Exxon Beaumont, Texas, union to ask for talks over planned 401k change: sources
HOUSTON (Reuters) - Unionized employees at Exxon Mobil Corpâs
refinery and chemical plant in Beaumont, Texas, will seek negotiations with the company over plans to suspend the employer contribution to their 401K retirement savings plan, sources familiar with the matter said.
Denmark angry at Google censorship of some Danish content, seeks talks
COPENHAGEN (Reuters) - Denmark, angry at Google's censorship of some Danish content over an argument over copyright, said on Monday it was seeking talks with the Alphabet-owned tech giant.