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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
Plunging cost of wind and solar marks turning point in energy transition: IRENA

Plunging cost of wind and solar marks turning point in energy transition: IRENA

Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday.



6 years ago
Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday.



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

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.



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
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
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
Zoom doubles full-year revenue forecast on remote-work boost

Zoom doubles full-year revenue forecast on remote-work boost

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to coronavirus-driven lockdown measures globally.



6 years ago
Equities cruise to three-month highs, dollar under protest pressure

Equities cruise to three-month highs, dollar under protest pressure

World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.



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
Wall Street closes up on signs of economic rebound

Wall Street closes up on signs of economic rebound

A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.



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
Advocacy group sues to block Trump social media executive order

Advocacy group sues to block Trump social media executive order

A Washington-based advocacy group on Tuesday asked a U.S. judge to invalidate an executive order on social media companies President Donald Trump signed last week claiming it violates the First Amendment.



6 years ago