CYCS

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, November 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a “technical error” related to compensation occurred when hiring new hires at a …

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Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks rebound as Treasury yields fall Tesla leaps as Citigroup modernizes Nordstrom falls on reduced earnings forecast Dow Jones Industrial closed at the highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Major Wall Street indexes ended Wednesday with strong gains after minutes from the …

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Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding batons smashed surveillance cameras and windows at a huge Apple-owned campus (AAPL.O) Foxconn supplier (2317.TW) in the Chinese city of Zhengzhou, scenes streamed live on Kuaishou’s short video platform were released on Wednesday. Hundreds of workers demonstrated on campus, home to the world’s largest iPhone factory, where many …

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Musk says Twitter to hold off relaunching blue check verification

Nov 21 (Reuters) – Twitter’s new owner Elon Musk said on Monday the social media company was pausing the relaunch of its blue check subscription service, a delay from its original tentative schedule to bring the service back on the platform. “Withholding Blue Verified relaunch until there is high confidence in stopping spoofing,” Musk said …

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Elon Musk encourages Twitter engineers to fly in for in-person meetings

November 18 (Reuters) – Elon Musk on Friday asked all remaining Twitter employees who write software code to report to the 10th floor of the San Francisco office by early afternoon, according to an email reviewed by Reuters . The billionaire said in a follow-up email: ‘If possible, I would appreciate it if you could …

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Wall Street drops as hawkish Fed official comments weigh

Fed’s Bullard backs further rate hikes Data shows that the US labor market remains tight Cisco shares rise after Co raises full-year outlook Macy’s jumps on raising its earnings forecast Indices down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s major indexes ended slightly lower on Thursday in a choppy session …

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Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

November 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused consternation among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14-year partnership ended. NetEase shares closed 9% lower in Hong Kong after Blizzard said it was unable to …

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Tesla board member says Elon Musk identified potential successor as CEO

SAN FRANCISCO, Nov 16 (Reuters) – James Murdoch of Tesla Inc (TSLA.O) director, said in court on Wednesday that CEO Elon Musk had in recent months identified someone as a potential successor at the helm of the electric car maker. Murdoch, who did not name the potential successor, was testifying in a lawsuit over Musk’s …

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