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Twitter wins bid for expedited trial to force Musk to close deal

Jul 2022 19
Musk's plan to buy Twitter has worried policymakers around the world.Joe Skipper | ReutersTwitter won its motion for an expedited trial in its lawsuit against Elon Musk on Tuesday. Delaware Court of Chancery chancellor Kathaleen McCormick ruled in favor of an expedited 5-day trial, to take place in October, after a hearing conducted via teleconference.Twitter is seeking to enforce Musk's $44 billion acquisition of the company despite Musk's intentions to back out of the deal.During the hearing, Twitter's lawyer, Bill Savitt of Wachtell, Lipton, Rosen & Katz, argued that Twitter's request for a September trial was well in line with......

Latest news on Russia and the war in Ukraine

Jul 2022 19
Russia over-committed in Donbas and likely to make slow progress, UK saysRussia continues to commit what are nominally six separate armies to its Donbas offensive, according to the latest intelligence update from the British Ministry of Defence, that noted Tuesday that at full strength, before the invasion, these formations were established for around 150,000 personnel. In recent weeks, Russia has often operated with company-sized groupings of around 100 personnel when undertaking offensive operations in any one sector at a time, the ministry noted.Nonetheless, Russia has struggled to sustain effective offensive combat power since the start of the invasion and this problem......

The stocks to buy to beat inflation, including tech: Analyst

Jul 2022 19
As U.S inflation remains hot and the Federal Reserve looks to continue on its tightening path, analyst Keith Fitz-Gerald believes some firms are clearly better than others at navigating this difficult environment. Consumer prices in the U.S. rose 9.1% in June from a year ago — the fastest pace of inflation since November 1981. Some market watchers believe falling oil and gasoline prices this month indicate that consumer inflation may have finally peaked , but Fitz-Gerald, a private investor, analyst and researcher, is not convinced. "Inflation is not peaking. Not even by a little. Gasoline is down because traders are......

Amazon faces probe by federal prosecutors, OSHA into warehouse safety

Jul 2022 18
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021.Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty ImagesFederal prosecutors in New York and the Occupational Safety and Health Administration are inspecting a handful of Amazon warehouses as part of a civil investigation into working conditions at the e-commerce giant's sprawling facilities.OSHA, a division of the Labor Department that polices workplace safety, on Monday inspected Amazon warehouses outside New York City, Chicago and Orlando for possible hazards in response to referrals received from the U.S. Attorney's Office......

Apple iPhone remains in high demand despite inflation pressure

Jul 2022 18
Customers look at the iPhone13 smartphones at apple's flagship store in Shanghai, China.Xing Yun | Future Publishing | Getty ImagesShipments of Apple's iPhone remain strong despite regional uncertainty and economic headwinds that dragged global phone shipments down 9% year over year in the second quarter, according to new data from research firm Canalys.Apple had a 17% share of global phone shipments in Q2, up from 14% in the year-earlier quarter, Canalys said, noting that the iPhone 13 remains in high demand. Samsung has the largest share with 21% of the market, according to Canalys, but that was largely on the......

Aviation leaders to gather for major trade event

Jul 2022 18
Britain's Farnborough International Airshow will showcase the most advanced aircraft across commercial and military aviation design.Bloomberg | Bloomberg | Getty ImagesLONDON — Britain's Farnborough International Airshow will make its long-awaited return this week, with aerospace and defense industry leaders poised to gather against a backdrop of travel chaos and labor unrest.The five-day trade show, which kicks off on Monday, will showcase the most advanced aircraft across commercial and military aviation.Over 70 of the top 100 aerospace companies will be present, although Farnborough International suspended Russian participation, citing the Kremlin's war in Ukraine.Six key themes have been placed at the heart......
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