US agency sues two automakers, alleging discrimination and harassment
By Jonathan Stempel (Reuters) – The U.S. Equal Employment Opportunity (SO:FTCE11B) Commission on Friday sued two large automakers, accusing General Motors (NYSE:GM) and the United Auto Workers of age discrimination and the Stellantis (NYSE:STLA) unit that includes Chrysler of subjecting female employees to sexual harassment. GM and the UAW were accused of having since October…
United Airlines donates $1 million to Trump inaugural fund
WASHINGTON (Reuters) – United Airlines said on Friday it is donating $1 million to President-elect Donald Trump’s inaugural committee and said CEO Scott Kirby (NYSE:KEX) plans to attend various events over the long holiday weekend. Kirby will attend dinners on Saturday and Sunday but not the actual inauguration itself that was moved inside due to…
Trump team plans wealth-fund revamp for federal agency, Bloomberg News reports
(Reuters) – President-elect Donald Trump’s team wants the U.S. International Development Finance Corp (DFC) to function more like a sovereign wealth fund and be an effective tool for deploying economic power, Bloomberg News reported on Friday. Plans discussed for the federal agency include how it could use investments to boost U.S. influence in Panama and…
OpenAI finalizes ‘o3 mini’ reasoning AI model version, to launch it soon
(Reuters) – ChatGPT maker OpenAI has finalized a version of its new reasoning AI model o3 mini and would be launching it in a couple of weeks, CEO Sam Altman said on Friday. The Microsoft-backed company has considered user feedback and, consequently, plans to release the application programming interface (API) and ChatGPT simultaneously, Altman wrote…
Trump plans crypto-friendly orders in first few days in power
By Gram Slattery, Chris Prentice and Jarrett Renshaw WASHINGTON (Reuters) – President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash…
Bank of America awards stock to employees after strong 2024 performance, memo shows
(Reuters) – Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday. The stock awards, which will be issued in addition to year-end incentive…
Starbucks to trim jobs as part of turnaround strategy, says CEO
(Reuters) – Starbucks (NASDAQ:SBUX) CEO Brian Niccol said on Friday the coffee giant will cut jobs to optimize its support teams as part of the company’s ongoing turnaround efforts. The details of the job cuts, to be announced by early March, will not affect the company’s in-store teams or the investments it makes in store…
What will happen to TikTok on Apple and Google’s app store on Sunday?
With President-elect Trump adding uncertainty around whether a TikTok ban will go into effect, the focus is now turning to companies like Google and Apple, who are expected to take the popular video sharing app off their platforms in just two days. Though the Supreme Court on Friday unanimously upheld a federal law that could…
LA public utility’s wildfire liability hinges on equipment’s role, Moody’s says
(Reuters) – The Los Angeles Department of Water and Power’s (LADWP) potential liability for the recent Palisades Fire will depend on whether the utility’s power lines or assets were involved in sparking the wildfire, credit rating agency Moody’s (NYSE:MCO) said in a report on Friday. The cause of the deadly Palisades Fire, which has burned…
US awards Moderna $590 million for bird flu vaccine development
(Reuters) -The U.S. government has awarded Moderna (NASDAQ:MRNA) $590 million to advance the development of its bird flu vaccine, as the country doubles down on efforts to tackle increasing infections in humans. This is in addition to $176 million awarded last year to complete late-stage development and testing of a pre-pandemic mRNA-based vaccine against the…
