Business

U.S. Justice Dept says Google depositions should be in person

An attorney for the U.S. Justice Department said on Tuesday that he wanted depositions planned for August in an antitrust lawsuit against Alphabet’s Google (GOOGL.O) to be live rather than on Zoom. The government hopes to question, or depose, three people in August, one Google employee and two people who left Google, one in 2011 […]

Business

Facebook launches newsletter product Bulletin, its Substack rival

Facebook Inc (FB.O) launched its newsletter product “Bulletin” on Tuesday, a standalone platform for free and paid articles and podcasts that will aim to rival Substack. CEO Mark Zuckerberg announced the platform, which is live at Bulletin.com, and introduced some of the writers that the company has recruited in a live audio room on Facebook. […]

Business

List of Upcoming IPOs in July: Zomato, Shriram Properties and Others

July is looking to be a month of many public offerings as the IPO market is looking quite saturated as 12 different companies are setting the stage to launch their public issues. Following the second COVID-19 wave, Indian companies raised around Rs 40,000 crores in the first half of 2021, as opposed to the Rs […]

Business

U.S. safety regulators require crash reporting of vehicles with advanced safety systems

U.S. safety regulators on Tuesday issued an order requiring automakers and operators of vehicles equipped with advanced driver assistance or automated driving systems to immediately report crashes, allowing the industry to spot issues faster. The new order comes amid increased scrutiny of such systems, especially Tesla Inc (TSLA.O) with its Autopilot system. The National Highway […]

Business

GM expects to work with the UAW at battery plants

A top executive of General Motors Co (GM.N) on Tuesday expressed strong support for efforts by the United Auto Workers union to organize U.S. electric vehicle battery plants it is building with a partner, but stopped short of endorsing unionization without a formal worker vote. “We are supportive of the UAW, we are partners with […]

Business

German privacy tsar tells ministries to shut Facebook pages

German government organisations have until the end of the year to close their Facebook (FB.O) pages after the data protection commissioner found the social network had failed to change its practices to comply with German and European privacy laws. In a letter to government departments and agencies earlier this month, commissioner Ulrich Kelber said Facebook […]

Business

Wall Street banks hike shareholder payouts after Fed gives the green light

Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual “stress tests” last week. Analysts and investors had expected the country’s largest lenders to start issuing as much as $130 […]