News

This afternoon Intuit confirmed persistent rumors that it was in the process of buying MailChimp, detailing a $12 billion transaction that will bring the well-known email infra company to its corporate remit. Intuit is not a well-known player in the email marketing space. The company is instead best known for its TurboTax software — and […]

September 13, 2021 NEW YORK (Reuters) – Interactive Brokers Group on Monday said it launched low-fee cryptocurrency trading on its platform, making it the latest online retail brokerage to add digital assets to its offerings. U.S. clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside […]

September 13, 2021 (Reuters) – Enterprise software firm Oracle Corp missed Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space. Total revenue rose 4% to $9.73 billion in the quarter ended Aug. 31. Analysts were expecting revenue of $9.77 billion, according to IBES data from Refinitiv. (Reporting by […]

September 13, 2021 By Lawrence Hurley WASHINGTON (Reuters) – Abortion rights advocates on Monday urged the U.S. Supreme Court not to overturn the Roe v. Wade ruling that legalized abortion nationwide – a 1973 landmark imperiled in the legal fight over Mississippi’s attempt to ban the procedure after 15 weeks of pregnancy. “The fallout would […]

Twitch filed a lawsuit late last week against two people on its own platform for running automated hate and harassment campaigns. The harassment, often targeted at Black and LGBTQ streamers, manifests in a unique Twitch phenomenon as a “hate raid.” On Twitch, creators regularly point viewers toward another friendly account after their stream concludes to […]

September 13, 2021 By Mayela Armas CARACAS (Reuters) – Venezuela’s government is allowing private firms to run at least 13 food companies that were nationalized a decade ago, according to a dozen people familiar with the situation, an effort meant to improve operations that suffered under state management. The government of President Nicolas Maduro has […]

September 13, 2021 WASHINGTON (Reuters) – Toyota Motor Corp said on Monday that a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive discriminates against nearly half of American autoworkers. In a letter to Congress from Toyota executives in nearly a […]

September 13, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar climbed to a two-week peak against a basket of currencies on Monday, bolstered by expectations the U.S. Federal Reserve could reduce its asset purchases by the end of the year despite a surge in COVID-19 cases. The greenback, however, came off its highs […]

September 13, 2021 By Tom Polansek CHICAGO (Reuters) – JBS USA on Monday halted production at a Nebraska beef plant that slaughters about 5% of U.S. cattle due to a fire, but said the company expects to resume operations on Tuesday. The temporary closure highlighted concerns among U.S. lawmakers and ranchers that the United States […]

September 13, 2021 (Reuters) – A cyber surveillance company based in Israel has developed a tool that can break into Apple iPhones with a never-before-seen technique used at least since February, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all […]

September 13, 2021 By Jessica DiNapoli NEW YORK (Reuters) – Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass Lewis & Co gave diverging recommendations to investors on voting on FedEx Corp CEO Fred Smith’s $54 million pay package, after a labor union challenged the plan. The pay package for Smith, a billionaire, faces a […]

Apple has released security updates for a newly discovered zero-day vulnerability that affects every iPhone, iPad, Mac and Apple Watch. Citizen Lab, which discovered the vulnerability and was credited with the find, urges users to immediately update their devices. The technology giant said iOS 14.8 for iPhones and iPads, as well as new updates for […]

Instagram confirmed it’s developing a new feature called “Favorites,” which would allow users to select certain accounts whose posts they would like to see higher in their feed. A similar feature already exists on Facebook where it gives users a bit more control over the News Feed algorithm. On Facebook, users can select up to […]

September 13, 2021 By Steve Holland and Trevor Hunnicutt ABOARD AIR FORCE ONE (Reuters) – U.S. President Joe Biden will talk about the Senate rules blocking large parts of his agenda “when or if” he has something to say about the legislative filibuster, a spokesperson said on Monday. Liberal lawmakers have been pressing for the […]

September 13, 2021 MAIDUGURI, Nigeria (Reuters) – Seventy-five children who were kidnapped from their school in Nigeria’s northwestern Zamfara State have been released after their abductors came under pressure from a military crackdown, a state official said on Monday. Gunmen took the students from the village of Kaya on Sept. 1, the latest in a […]

September 13, 2021 (Reuters) – Will Zalatoris was named the PGA Tour rookie of the year on Monday in a vote by his peers following a season in which he counted a Masters runner-up showing among his eight top-10 finishes. Zalatoris was selected for the Arnold Palmer Award over Garrick Higgo, making the 25-year-old American […]

September 13, 2021 By Sarah N. Lynch WASHINGTON (Reuters) -Olympic champion Simone Biles will be one of several renowned gymnasts who will testify before a U.S. Senate panel this week, as it explores how the FBI botched its investigation into disgraced former USA Gymnastics doctor Larry Nassar, the Senate Judiciary Committee said on Monday. Along […]

September 13, 2021 PARIS (Reuters) – France’s economy is recovering more quickly than expected this year as the COVID-19 crisis wanes, the central bank said on Monday, raising its growth outlook for this year. The euro zone’s second-biggest economy is on course to grow 6.3% this year, the Bank of France said in its quarterly […]

September 13, 2021 (Reuters) – Three media companies have agreed to pay more than $539 million to settle U.S. Securities and Exchange Commission (SEC) charges over illegal offerings of stock and digital assets, the regulator said on Monday. The SEC charged New York-based GTV Media Group Inc. and Saraca Media Group Inc and Phoenix-based Voice […]

September 13, 2021 By David Lawder WASHINGTON (Reuters) – The U.S. government on Monday posted a $171 billion budget deficit for August, 15% lower than the $200 billion gap a year ago, as recovery-driven tax receipts grew faster than outlays for COVID-19 pandemic relief programs, the Treasury Department said. The August deficit was $2 billion […]