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Exclusive: Goldman sends Indian employees back home as local COVID-19 cases rise

Goldman Sachs told all but critical staff at its operation in Indian IT capital Bengaluru to return to working from home on Wednesday, reversing moves to get staff back to one of its biggest global offices as coronavirus infections in the city grew.

Markets

Exclusive: GM further cuts production in North America due to global chip shortage

General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector.

Markets

GameStop tumbles as Reddit darling mulls share sale

Shares of Reddit-favorite GameStop Corp fell nearly 18per cent on Wednesday, a day after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion.

Markets

Tesla urges court to reinstate hike in emissions penalties

Tesla is pressing a US appeals court to immediately reinstate a 2016 Obama regulation more than doubling penalties for automakers who fail to meet fuel efficiency requirements, according to court filings.

Markets

US factory activity picks up in March; cost pressures building: IHS Markit

US factory activity picked up in early March amid strong growth in new orders, but supply chain disruptions because of the COVID-19 pandemic continued to exert cost pressures for manufacturers, which could keep inflation fears in focus.

Markets

Facebook, Google CEOs suggest ways to reform key internet law

Facebook Chief Executive Mark Zuckerberg laid out steps to reform a key internet law on Wednesday, saying that companies should have immunity from liability only if they follow best practices for removing damaging material from their platforms.

Markets

Fourteen US states sue Biden administration over oil and gas leasing pause

Fourteen U.S. states including Louisiana and Wyoming filed suit on Wednesday against President Joe Biden's administration to challenge his pause on new oil and gas leasing on federal lands and waters.

Markets

US SEC begins rollout of law aimed at delisting Chinese firms

The top U.S. securities regulator on Wednesday adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards, and require them to disclose any governmental affiliations.

Markets

Mastercard links executive bonuses to environmental, social and governance goals

Mastercard will link bonuses for its senior executives to environmental, social and corporate-governance initiatives, Chief Executive Officer Michael Miebach said in a note on the payment processor's website on Wednesday.

Markets

Facebook may have to disclose some app records in privacy probe, Massachusetts court rules

BOSTON: Massachusetts' top court on Wednesday reversed an order requiring Facebook Inc to turn over to state Attorney General Maura Healey records identifying apps the company suspected had misused customer data, but the justices said she ultimately could obtain some materials. The ...

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