Amazon tells India regulator its partner Future Retail is misleading public

Amazon.com Inc AMZN.O has complained to India’s market regulator that its local partner Future Retail Ltd FRTL.NS misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant. Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led […]

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Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who wins

Some investors are betting the technology and communications stocks that drove a massive rebound in U.S. markets this year will face a tougher slog in coming months, no matter whether Republican President Donald Trump or Democratic challenger Joe Biden wins Tuesday’s election. Betting against big technology has been a risky proposition over the last decade, […]

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Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March

U.S. stock indexes closed lower on Friday to cap Wall Street’s biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment. The pandemic pushed U.S. hospitals to the brink of capacity as coronavirus cases surpassed 9 million, while […]

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Qualcomm, FedEx, auto executives to propose transport policies for world in transition

A group of business leaders and public policy experts is launching a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles. The Commission on the Future of Mobility, was formally unveiled on Friday. The group plans to propose a new regulatory framework to address a global transportation […]

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