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E-waste is overflowing landfills. At one sprawling Vietnam market, workers recycle some of it
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Thursday, May 2
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SRN News
Universal Music beats earnings forecasts after blockbuster Swift tour
(Reuters) -Universal Music Group comfortably beat expectations for first-quarter core profit after a blockbuster tour by its main star Taylor Swift and sales growth in all units, the company said on Thursday. The world’s biggest music label posted adjusted core earnings (EBITDA) of 591 million ...
Thursday, May 2
by
SRN News
Average long-term US mortgage rate rises for again, reaching highest level more than five months
LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year. The rate rose to ...
Thursday, May 2
by
SRN News
Amazon CEO Andy Jassy’s comments about unions violated federal law, NLRB judge rules
A federal administrative law judge ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago. The ruling, issued Wednesday, follows a complaint filed in 2022 by the National Labor Relations Board that accused Jassy ...
Thursday, May 2
by
SRN News
Universal Music Group first-quarter core earnings beat forecast
(Reuters) – Universal Music Group on Thursday posted first-quarter adjusted core profit that beat expectations, helped by the success of its star Taylor Swift. The world’s biggest music label posted adjusted core earnings (EBITDA) of 591 million euros ($632.6 million), up ...
Thursday, May 2
by
SRN News
Exclusive-TOMS Capital Investment Management has taken stake in Kellanova, sources say
By Svea Herbst-Bayliss NEW YORK (Reuters) – Investment firm TOMS Capital Investment Management has taken a “significant” position in U.S. multinational food manufacturing company Kellanova and is engaging with the company, two sources familiar with the matter said on Thursday. The size ...
Thursday, May 2
by
ABC News
Ahead of election, Lyft CEO details companys newest efforts to boost voter turnout
(NEW YORK) -- Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company's mission to bring more people -- especially younger voters -- to the polls.Lyft CEO David Risher told ...
Thursday, May 2
by
SRN News
AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.S. Census Bureau researchers. Overall ...
Thursday, May 2
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SRN News
Boeing supplier Spirit AeroSystems sues to block Texas safety probe
By Mike Scarcella (Reuters) – Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state’s demand for internal documents and other information unreasonable and unlawful. Spirit Aero filed the ...
Thursday, May 2
by
SRN News
Landmark Google antitrust case ready to conclude
WASHINGTON (AP) — Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the biggest antitrust case in a quarter century. In closing arguments of a Washington, D.C., trial that began last September, regulators will apply the ...
Thursday, May 2
by
SRN News
Pinnacle West Capital posts Q1 profit on customer growth, new rates
(Reuters) – Pinnacle West Capital Corp posted a quarterly profit from year-ago loss on Thursday, on the back of customer growth, increased sales and new rates. Utility companies use General Rate Case (GRC) proceedings to increase consumer electricity prices to ask ...
Thursday, May 2
by
SRN News
BoC says there’s a limit to how far US and Canada rates can diverge
OTTAWA (Reuters) – There is a limit to how far U.S. and Canadian interest rates can diverge but “certainly we’re not close to that limit”, Bank of Canada Governor Tiff Macklem told the House of Commons finance committee on Thursday. Macklem ...
Thursday, May 2
by
SRN News
Air Canada reports wider-than-expected loss, shares drop
By Shivansh Tiwary and Allison Lampert (Reuters) -Air Canada reported a bigger first-quarter loss than expected on Thursday on higher operating costs tied to labor and aircraft maintenance, overshadowing early signs of a revival in corporate demand. Shares dropped more than 5% in morning trade in ...
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