GM lays off over 1,000 salaried software, services employees

By David Shepardson (Reuters) -General Motors said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide. GM, confirming the layoffs initially reported by CNBC, said in a statement that “as we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact.” CNBC said the job cuts include roughly 600 jobs at GM’s tech campus … Read more…

Ten more states join US suit seeking to break up Live Nation-Ticketmaster

WASHINGTON (Reuters) – Ten additional states have joined the U.S. Justice Department’s lawsuit against Live Nation-Ticketmaster for monopolizing markets across the live concert industry, the department said on Monday. The Justice Department, along with a group of 30 states and the District of Columbia, filed the lawsuit in May to break up Live Nation [LYV.N], arguing the concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. (Reporting by Ismail Shakil … Read more…

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Mike Lynch, the UK tycoon who defeated US fraud charges, missing at sea

By Paul Sandle LONDON (Reuters) – Mike Lynch, the tech tycoon missing after his luxury yacht sank off Sicily, spent more than a decade building Britain’s biggest software company and then almost as long again fighting fraud charges related to its multi-billion pound sale. Lynch founded Autonomy from his ground-breaking research at Cambridge University in 1996, and was lauded by shareholders, scientists and politicians when he sold it to Hewlett-Packard for $11 billion 15 years … Read more…

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With Harris at helm, Democrats meet with new hope and some old worries

By Jarrett Renshaw (Reuters) – In the five weeks since U.S President Joe Biden abandoned his flailing reelection bid, the Democratic Party’s fortunes have changed dramatically, and this week the change will be on full display.  Vice President Kamala Harris, now the party’s candidate, is heading into the Democratic National Convention riding a historic whirlwind: her campaign has broken records for fundraising, packed arenas with supporters, and turned the polls in some battleground states in … Read more…

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Suggestions Poland helped Nord Stream sabotage are groundless, says presidential aide

WARSAW (Reuters) – Suggestions that Ukrainian authorities supported by Poland were behind planning and executing the sabotage attack on Nord Stream gas pipelines in 2022 are groundless, the Polish president’s aide said on Sunday. Germany’s former intelligence chief August Hanning told Die Welt this week he believed there were agreements between presidents of Poland and Ukraine to carry out the attack. “These are completely groundless insinuations,” Mieszko Pawlak, head of the international policy bureau at … Read more…

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Russia launches third ballistic missile attack on Kyiv this month, Ukraine says

KYIV (Reuters) – Russia launched on Sunday its third ballistic missile on Kyiv in August, with preliminary data showing that all the air weapons were destroyed on their approach to the city, the military administration of the Ukrainian capital said. “This is already the third ballistic strike on the capital in August, with exact intervals of six days between each attack,” Serhiy Popko, the head of the Kyiv military administration, said on the Telegram messaging … Read more…

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Three exhumed 1921 Tulsa massacre victims found to have gunshot wounds

By Jasper Ward WASHINGTON (Reuters) – Three of the 11 victims of the 1921 race massacre in Tulsa, Oklahoma, who were exhumed on Friday, were found with gunshot wounds, the city said. Two of those three victims were found to have wounds from two different firearms and one had “evidence of possible burns,” the city said in an update of its investigation into the massacre. “The people we are searching for are not just names … Read more…

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Canada’s CPKC expands freight embargoes ahead of looming work stoppage

By Promit Mukherjee OTTAWA (Reuters) – Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting on Tuesday if talks with its Canadian labour union fail to progress. North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada’s main railway companies that could disrupt the movement of commodities such as coal, potash, … Read more…

Hurricane Ernesto weakens, but still dangerous, as it closes in on Bermuda

By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto was weakening as it closed in on Bermuda early on Saturday, downgraded to a Category 1 storm but still threatening the British island territory with powerful winds, a dangerous storm surge and potentially deadly flooding. The storm was slowly making its way toward the Atlantic archipelago, its center due to pass near or over Bermuda on Saturday morning, with the worst of the storm … Read more…

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Foxconn chief defends hiring practices after report married women rejected in India

By Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman on Saturday defended its hiring practices after New Delhi ordered investigations following a Reuters report that the Apple supplier rejects married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a big part of our workforce here,” Young Liu said during the opening ceremony for a hostel complex for its workers near Chennai in the southern Indian state of Tamil Nadu. … Read more…

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