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Center for Democracy and Technology files lawsuit against Trump's executive order on social media

Center for Democracy and Technology files lawsuit against Trump's executive order on social media

The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump's executive order on social media, arguing it violates the First Amendment.



6 years ago
U.S. board urges helicopter manufacturers to add crash-data recorders

U.S. board urges helicopter manufacturers to add crash-data recorders

The National Transportation Safety Board (NTSB) on Tuesday urged six major manufacturers to equip turbine-powered helicopters with crash-resistant systems to record data, audio and images, after former NBA star Kobe Bryant and eight others were killed in a helicopter crash in January.



6 years ago
U.S. auto sales in May encourage Detroit plan to rebuild inventories

U.S. auto sales in May encourage Detroit plan to rebuild inventories

Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.



6 years ago
Oil prices rise ahead of OPEC+ meeting on output cuts

Oil prices rise ahead of OPEC+ meeting on output cuts

Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.



6 years ago
Women In Fintech Will Play A Crucial Part In The Covid-19 Recovery Plan

Women In Fintech Will Play A Crucial Part In The Covid-19 Recovery Plan

Forbes | Madhvi Mavadiya | June 1, 2020 The coronavirus has prompted the U.K.’s biggest government bailout of all time. The bill for subsidies and tax breaks for businesses impacted by Covid-19 has already reached more than £100 billion and will continue to increase. This has prompted concern among some that rescue money is being

6 years ago
Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.



6 years ago
California court hears appeal of $289 million verdict against Bayer in first Roundup cancer trial

California court hears appeal of $289 million verdict against Bayer in first Roundup cancer trial

A California appeals court on Tuesday heard arguments in the first case that went to trial over allegations that Bayer AG's glyphosate-based weed killer Roundup causes cancer, resulting in a $289 million judgment against the company.



6 years ago
Goldman Sachs commits to new central Paris headquarters

Goldman Sachs commits to new central Paris headquarters

U.S. bank Goldman Sachs has signed a lease for a new Paris headquarters building, committing to a city centre office development at a time when many banks are weighing scaling back their presence in cities amid the COVID-19 pandemic.



6 years ago
China auto sales growth seen for second straight month, boosting recovery hopes

China auto sales growth seen for second straight month, boosting recovery hopes

China's vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world's biggest auto market with the first back to back monthly sales increase in about two years.



6 years ago
After a rush for more small business funding, PPP loan money remains untapped

After a rush for more small business funding, PPP loan money remains untapped

More than a month into round two of the Paycheck Protection Program, there's more than $120 billion still left unallocated for small businesses.

6 years ago
GM should emerge from pandemic with permanently lower costs: CEO

GM should emerge from pandemic with permanently lower costs: CEO

General Motors Co should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday.



6 years ago
LVMH's takeover of Tiffany seen as uncertain: WWD

LVMH's takeover of Tiffany seen as uncertain: WWD

French luxury goods group LVMH's $16.2-billion takeover of Tiffany & Co is looking less likely to go through, amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported on Tuesday.



6 years ago
FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.



6 years ago
Twitter names Patrick Pichette as chair of board

Twitter names Patrick Pichette as chair of board

Twitter Inc said on Tuesday that it appointed Patrick Pichette as chair of the social network's board of directors, replacing Omid Kordestani.



6 years ago
Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional

Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional

An advocacy group backed by the tech industry filed a lawsuit on Tuesday against President Donald Trump's executive order on social media, as U.S. technology companies have been fighting White House efforts to weaken a law that protects them.



6 years ago