By Jonathan Stempel NEW YORK (Reuters) – Southwest Airlines has been sued by a passenger who said it failed to provide refunds to passengers left stranded when an operational meltdown led the carrier to cancel more than 15,000 flights late last month. In a proposed class action filed on Dec. 30 in New Orleans federal …
Southwest Airlines is sued for not providing refunds after meltdown Read More »
(Reuters) – Shares of Shaw Communications Inc fell on Tuesday after a Federal Court put a stay on the company’s C$20 billion ($14.63 billion) merger with Rogers Communications Inc following a request from Canada’s Competition Bureau. The agency had requested a stay on Canada’s competition tribunal’s decision last week to approve the deal that would …
Shaw falls as court stay on Rogers merger deal sparks uncertainty, analyst downgrades Read More »
By Akash Sriram and Baranjot Kaur (Reuters) -Tesla Inc said quarterly deliveries fell short of market estimates on Monday, held back by ongoing logistical issues and growing demand concerns that rounded off a tumultuous 2022 for the Elon Musk-led firm. The company is still the world’s most valuable automaker even after losing 65% of its …
Tesla deliveries miss estimates due to logistical issues, slowing demand Read More »
TORONTO (Reuters) – Canadian manufacturing activity contracted at a slightly faster rate in December as an uncertain economic outlook and high inflation undercut demand, while the recent trend of easing cost pressures reversed, data showed on Tuesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from …
Canada factory sector posts longest slowdown in 7 years Read More »
By Lais Morais and Eduardo Simões SANTOS, Brazil (Reuters) -The Brazilian coastal city of Santos, which sporting giant Pele turned into a byword for soccer brilliance during a glittering club career, started bidding goodbye to its hero on Monday with a 24-hour wake. Mourners lined up to see Pele’s body in an open casket in …
Brazil bids farewell to ‘king of soccer’ Pele with 24-hour wake Read More »
(Reuters) -Tesla Inc shares kicked off 2023 with a near 4% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter deliveries despite shipping a record number of …
Tesla shares start 2023 lower on worries over weak demand, logistical issues Read More »
(Reuters) – Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it with their own online platform. The company said it had signed up toymaker Mattel Inc for the product, and was looking to bring …
Shopify launches new subscription product to lure big retail clients Read More »
NEW YORK (Reuters) – Sam Bankman-Fried’s parents have been getting physical threats since the collapse of their son’s now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. The disclosure was made in a filing in Manhattan federal court, where the lawyers asked that the names of two remaining sureties for Bankman-Fried’s $250 million bond not …
Bankman-Fried’s parents have been physically threatened, his lawyers say Read More »
(Reuters) -The world of motorsport paid tribute to American Ken Block, the professional rally driver whose daring stunts made him an internet sensation, after his death aged 55 in a snowmobile accident. Block’s Hoonigan Racing team confirmed his death in a statement on Instagram on Monday. “Ken was a visionary, a pioneer and an icon. …
Rallying-Driver and YouTube star Ken Block dies in snowmobile accident Read More »
SANTOS, Brazil (Reuters) – More than 150,000 people including President Luiz Inacio Lula da Silva paid their respects to the Brazilian soccer great Pele in the coastal city of Santos, filing past Pele’s open casket at the Vila Belmiro stadium to bid a final farewell. A 24-hour memorial service for Pele, who died last week …
Brazil’s Lula pays respects to Pele as 150,000 attend stadium wake Read More »
