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Apple hits seven-week low after Barclays downgrade on demand concerns

January 3, 2024

(Reuters) — Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for its devices from the iPhone to the Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a…

Montana appealing ruling that blocked state from barring TikTok use

January 3, 2024

WASHINGTON (Reuters) — Montana said on Tuesday it was appealing a decision by a U.S. judge in November to block Montana’s first-of-its kind state ban on the use of short-video sharing app TikTok. Montana Attorney General Austin Knudsen filed a notice that the state is appealing the ruling to …

For investors, 2024 is year of transition to a new economic order

January 3, 2024

The Wall Street Bull is pictured in the Manhattan borough of New York City, Jan. 16, 2019. (Reuters) — Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a result, but 2024 could hold surpris…

Danone to sell US organic dairy units to PE firm Platinum Equity

January 2, 2024

(Reuters) — French food group Danone said on Tuesday it had signed an agreement to sell its premium organic dairy units in the United States to investment firm Platinum Equity. The sale of the Horizon Organic and Wallaby businesses is part of the company’s portfolio review and asset rotation …

Reckitt’s Mead Johnson Nutrition recalls baby formula powder from US -FDA

January 2, 2024

(Reuters) — Reckitt Benckiser Group’s Mead Johnson Nutrition (MJN) is voluntarily recalling select batches of Nutramigen Powder from the U.S. market due to a possibility of contamination with Cronobacter sakazakii bacteria in product sampled outside the United States, the Food and Drug Admini…

CITADEL announces leadership changes

January 2, 2024

Jim Oehlerking David Gibson CITADEL Pacific Ltd. announces a strategic realignment aimed at further strengthening its commitment to leading innovation and excellence. Jim Oehlerking to transition to lead CITADEL Data Centers Effective January 2024, Jim Oehlerking will transition to a key role, leve…

McDonald’s Malaysia sues Israel boycott movement for $1 million in damages

December 31, 2023

KUALA LUMPUR (Reuters) — McDonald’s Malaysia has sued a movement promoting boycotts against Israel for “false and defamatory statements” that it says hurt its business, seeking damages amounting to 6 million ringgit ($1.31 million). Malaysia, a majority-Muslim country, is a staunc…

Hershey is sued over lack of artistic detail on Reese’s candies

December 31, 2023

(Reuters) — Hershey has been sued by a Florida woman who said its holiday-themed Reese’s peanut butter candies lack the artistic details shown on the packaging that make them worth buying. In a proposed federal class action filed on Thursday and seeking at least $5 million, Cynthia Kelly accu…

Google settles $5 billion consumer privacy lawsuit

December 29, 2023

(Reuters) — Alphabet’s Google has agreed to settle a lawsuit claiming it secretly tracked the internet use of millions of people who thought they were doing their browsing privately. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, put a scheduled Feb. 5, 2024 trial in the p…

NY Times sues OpenAI, Microsoft for infringing copyrighted works

December 29, 2023

NEW YORK (Reuters) — The New York Times sued OpenAI and Microsoft on Wednesday, accusing them of using millions of the newspaper’s articles without permission to help train chatbots to provide information to readers. The Times said it is the first major U.S. media organization to sue OpenAI, …

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Apple hits seven-week low after Barclays downgrade on demand concerns

Montana appealing ruling that blocked state from barring TikTok use

For investors, 2024 is year of transition to a new economic order

Danone to sell US organic dairy units to PE firm Platinum Equity

Reckitt’s Mead Johnson Nutrition recalls baby formula powder from US -FDA

CITADEL announces leadership changes

McDonald’s Malaysia sues Israel boycott movement for $1 million in damages

Hershey is sued over lack of artistic detail on Reese’s candies

Google settles $5 billion consumer privacy lawsuit

NY Times sues OpenAI, Microsoft for infringing copyrighted works

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Audit finds major CPA accounting and compliance issues

AG opinion sought to protect DPS chief, says RB

Castro explains party switch

CUC seeks CPUC approval for $2.2M water meter replacement project

Governor transfers DPW’s Roads & Grounds to DLNR

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