Amazon delivery contractor settles on New York back wages
New York (Reuters) – An Amazon.com Inc delivery contractor in New York City has agreed to pay $100,000 in back wages to drivers after making deductions for lunch breaks that the workers never took, the state attorney general’s office said on Friday.
Oil prices set for weekly drop on doubts OPEC can coordinate output cut
SINGAPORE (Reuters) – Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two…
Exclusive: Chipotle builds team to defend against activist investor Ackman – sources
BOSTON/LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc has turned to high-profile investment bankers and lawyers to help defend against activist investor William Ackman, according to two people familiar with the matter on Thursday.
Amazon forecast for holiday season disappoints as investment rises
(Reuters) – Amazon.com Inc on Thursday said high spending on warehouses and video production would drag on profits in the holiday quarter, disappointing investors who are weary of roller coaster results from the e-commerce giant and sending its shares …
GE in discussion with Baker Hughes on potential partnerships
(Reuters) – General Electric Co said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes Inc on potential partnerships.
Google parent Alphabet profit surges on mobile, video ads
(Reuters) – Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing.
U.S. eyes long prison term for Wall Street scion’s fraud
NEW YORK (Reuters) – U.S. prosecutors on Thursday said Andrew Caspersen, the scion of a wealthy Wall Street family, should spend as long as 15-2/3 years in prison after he pleaded guilty to defrauding friends, family and a charity out of more than $38 …
Uber sees flying commuters in 10 years
SAN FRANCISCO (Reuters) – Flying commuters like George Jetson could be whizzing to work through the sky less than 10 years from now, according to ride-services provider Uber, which believes the future of transportation is literally looking up.
Twitter cuts jobs with eye on 2017 profit; Vine discontinued
(Reuters) – Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street’s beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company….
Apple adds touch screen keys to MacBook Pro, price jump startles some
CUPERTINO, Calif. (Reuters) – Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch screen and raising prices by several hundred dollars.
