UNITED NATIONS (AP) — Russia has circulated a U.N. resolution calling on all countries to take urgent action to prevent putting weapons in outer space “for all time” a week after it vetoed a U.S.-Japan resolution to stop an arms race in space. The Russian draft resolution, obtained Wednesday by The Associated Press, goes further […]
Snapchat will finally join most of its messaging app peers and allow users to edit their chats. The feature, which will be rolling out “soon,” will initially be limited to Snapchat+ subscribers, the company said. With the change, Snapchat users will have a five-minute window to rephrase their message, fix typos or otherwise edit their […]
(Bloomberg) — DoorDash Inc., the largest food delivery service in the US, offered a disappointing profit forecast for the current quarter as the company invests in expanding its list of non-restaurant partners and improving efficiency. Most Read from Bloomberg DoorDash expects adjusted earnings before interest, tax, deprecation and amortization for the current quarter of $325 […]
(Bloomberg) — Elon Musk’s latest cost-cutting victims: Summer interns. Most Read from Bloomberg Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in. “At 8:46am, I opened a Tesla email for flight info. By 11:25am, my […]
(Bloomberg) — Amazon.com Inc. Chief Executive Officer Andy Jassy made comments to the media that violated federal labor law, a US National Labor Relations Board judge ruled Wednesday. Most Read from Bloomberg Comments Jassy made to reporters about the downsides of unionization “threatened employees that, if they selected a union, they would become less empowered […]
(Bloomberg) — UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Most Read from Bloomberg Lawmakers zeroed in on lax defenses during more than two hours of questioning by the Senate Finance Committee, […]
(Bloomberg) — Regulators moved to bar a Huawei Technologies Co. lab from approving telecommunications gear for use in the US and proposed similar moves against other providers deemed a national security threat, including several Chinese companies. Most Read from Bloomberg The steps taken by the Federal Communications Commission aim to ensure that the nongovernment labs […]
(Bloomberg) — Dropbox Inc. said its digital-signature product, Dropbox Sign, was breached by hackers, who accessed user information including emails, user names and phone numbers. Most Read from Bloomberg The software company said it became aware of the cyberattack on April 24, sought to limit the incident and reported it to law enforcement and regulatory […]
(Reuters) – First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy. The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the […]
(Bloomberg) — Vidio, Indonesia’s answer to Netflix Inc., is aiming to double its paid subscribers to 8 million in the next two to three years ahead of plans to go public in a market where streaming still has much room to grow. Most Read from Bloomberg The company, owned by Indonesian media conglomerate PT Elang […]
(Bloomberg) — EBay Inc. declined after giving a weak forecast for the current quarter, reinforcing investor worries that the one-time pioneer continues to lose relevance in a maturing e-commerce market crowded with competitors. Most Read from Bloomberg EBay projected earnings of $1.10 to $1.15 a share on revenue of as much as $2.54 billion in […]
(Reuters) – U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped it offset a decline in natural gas prices. The Oklahoma City-based company also raised its full-year 2024 production outlook by 2% to a range of 655,000 to 675,000 barrels of oil equivalent per day (boepd). […]
