U.S. corruption probe involving lavish parties, champagne hits another top UAW official

U.S. corruption probe involving lavish parties, champagne hits another top UAW official
DETROIT/WASHINGTON (Reuters) – Just two days before the UAW’s contracts with Detroit automakers were due to expire, U.S. prosecutors arrested and charged a senior union official on Thursday with embezzlement, releasing a complaint that alleges he spent member dues on lavish parties for union leaders, with liquor, cigars and women to light them. FILE PHOTO: The UAW logo is seen... Read More

Senior UAW official charged in widening U.S. corruption probe

Senior UAW official charged in widening U.S. corruption probe
DETROIT/WASHINGTON (Reuters) – A senior United Auto Workers (UAW) official was arrested on Thursday and charged with conspiring with other union leaders to embezzle hundreds of thousands of dollars in a mushrooming corruption scandal that comes at a decisive moment in contract talks with Detroit automakers. FILE PHOTO: The UAW logo is seen inside the United Auto workers Union Solidarity... Read More

Elliott queries AT&T deal for Time Warner, calls for asset sales

Elliott queries AT&T deal for Time Warner, calls for asset sales
(Reuters) – AT&T Inc (T.N) shareholder Elliott Management Corp on Monday questioned the wireless carrier’s $85 billion takeover of Time Warner and called for it to sell non-core businesses to boost its stock price, driving shares in the company up 10%. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017.... Read More

Hard Rock International eyes bid for Greek tourist resort casino: paper

Hard Rock International eyes bid for Greek tourist resort casino: paper
ATHENS (Reuters) – Hard Rock International will bid for a casino license in a long-delayed tourist development in Athens and plans to spend more than 1 billion euros ($1.11 billion) on the project, the U.S. firm’s chairman said in a newspaper interview. FILE PHOTO: A view of the main entrance of the former international Hellenikon airport in Athens, Greece, July... Read More

World of Warcraft nostalgia to boost Activision Blizzard: Barron’s

World of Warcraft nostalgia to boost Activision Blizzard: Barron’s
NEW YORK (Reuters) – The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc, with new titles from key franchises also bolstering the company’s outlook, according to Barron’s. The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. REUTERS/Mike Blake The... Read More

Best Buy misses quarterly same-store sales estimates

Best Buy misses quarterly same-store sales estimates
FILE PHOTO: People wait in line to shop at Best Buy during a sales event on Thanksgiving day in Westbury, New York, U.S., November 22, 2018. REUTERS/Shannon Stapleton (Reuters) – Best Buy Co Inc (BBY.N) reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles and other entertainment... Read More

Tencent launches WeChat for drivers

Tencent launches WeChat for drivers
FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song HONG KONG (Reuters) – Tencent Holdings on Monday unveiled a version of its popular social media app WeChat tailor-made for drivers with state-backed Chinese carmaker China Chang’an Automobile Group, marking a further foray into transportation solutions. China’s... Read More