SUSTAINABLE-BUSINESS

Toyota cuts output target amid chip crunch as profit tumbles 25%

Toyota cuts output target amid chip crunch as profit tumbles 25%

Q2 profit 562.7 billion yen vs. 772.2 billion yen forecast Cuts FY production target to 9.2 million units from 9.7 million Unclear when the chip shortage will end – executive Results ‘very unimpressive’ considering positive factors -analyst Shares end down 1.9%, Nikkei benchmark up 0.3% TOKYO, Nov 1 (Reuters) – Toyota Motor Corp (7203.T) on …

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Shell reports drop in profit to $9.45 billion, hikes dividend

Shell reports drop in profit to $9.45 billion, hikes dividend

Shell to boost dividend by 15% Announces plans to buy further $4 billion in shares Profit hit by weak LNG trading and refining LONDON, Oct 27 (Reuters) – Shell (SHEL.L) on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said …

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Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

Nasdaq halts IPOs of small Chinese companies as it probes stock rallies

NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come …

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EXCLUSIVE Korean auto giant Hyundai investigating child labor in its US supply chain

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its US supply chain

DETROIT, Oct 19 (Reuters) – Hyundai Motor Co (005380.KS), Korea’s top automaker, is investigating child labor violations in its US supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers , the company’s global chief operating officer Jose Munoz told Reuters on Wednesday. A Reuters investigative …

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More US companies charging employees for job training if they quit

More US companies charging employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed esthetician with no need for instruction, she argued that the trainings were specific to the shop and low quality. Bal’s story mirrors that of dozens of …

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Former WSJ reporter says law firm used Indian hackers to sabotage his career

Former WSJ reporter says law firm used Indian hackers to sabotage his career

WASHINGTON, Oct 15 (Reuters) – A former Wall Street Journal reporter is accusing a major US law firm of having used mercenary hackers to oust him from his job and ruin his reputation. In a lawsuit filed late Friday, Jay Solomon, the Journal’s former chief foreign correspondent, said Philadelphia-based Dechert LLP worked with hackers from …

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US grocer Kroger carts away Albertsons for $25 a month but faces antitrust test

US grocer Kroger carts away Albertsons for $25 a month but faces antitrust test

Oct 14 (Reuters) – Kroger Co ( KR.N ) snapped up Albertsons Cos Inc ( ACI.N ) in a $25 billion deal on Friday, creating a US grocery behemoth to better compete with leader Walmart Inc ( WMT.N ) on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and …

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Barclays hit by $361 million US penalty for 'staggering' blunder

Barclays hit by $361 million US penalty for ‘staggering’ blunder

Sept 30 (Reuters) – British lender Barclays (BARC.L) agreed a $361 million penalty with US regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO CS Venkatakrishnan’s first year in charge. The bank said after the London market …

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Cryptoverse: Bitcoin miners get stuck in a bear pit

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with …

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