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Markets

Amazon SVP Jeff Blackburn is departing the company Tuesday: memo

Amazon.com Inc Senior Vice President Jeff Blackburn is leaving the company Tuesday after 22 years, he said in an internal memo that the online retailer shared with Reuters.

Markets

LinkedIn says working to resolve technical glitch on platform

LinkedIn, Microsoft Corp's professional networking site, said on Tuesday it was investigating a technical issue on its platform, after thousands of users reported difficulties in accessing the website.

Markets

Pilgrim’s Pride pleads guilty to chicken price-fixing charge, to pay US$107.9 million fine

Pilgrim's Pride Corp, one of the largest U.S. poultry producers, pleaded guilty and was sentenced to pay a US$107.9 million fine on Tuesday to settle federal charges it conspired to fix chicken prices and passed on the costs to consumers and other purchasers.

Markets

Apple plans to increase dividend, approves stock payout to CEO – CNBC

Apple Inc is planning to increase dividend according to Chief Executive Tim Cook, CNBC reported on Tuesday, citing the shareholder meeting.

Markets

Occidental Petroleum expects temporary impact from winter storms

The impact of severe winter storms in Texas last week that shuttered oil production in the top U.S. oilfield was temporary and not expected to affect oil output for 2021, Occidental Petroleum Corp executives told analysts on Tuesday.

Markets

Brazil’s CVM watchdog opens second probe into Petrobras shakeup

Brazil's market regulator CVM said on Tuesday it has opened a second investigation into the announced shakeup at state-controlled oil giant Petrobras, which triggered a two-day share selloff that wiped more than 100 billion reais (US$18.3 bln) off its value.

Markets

Twitter removes hundreds of accounts it says are linked to Iran, Russia, Armenia

Twitter said on Tuesday it had taken down 373 accounts which it said had ties to Russia, Armenia and Iran and had breached its platform manipulation policies.

Markets

Powell says economy still needs Fed support, markets not driven by loose money

Federal Reserve Chair Jerome Powell on Tuesday pushed back on suggestions that U.S. central bank support for the economy risked inflating a dangerous asset bubble, insisting the support was still needed and that investors were responding mostly to expectations for a successful recovery.

Markets

EU targets online platforms after Wall Street short squeeze

Online platforms like Robinhood in the United States that offer commission-free share trading to retail investors would be illegal in the European Union, officials from the bloc said on Tuesday.

Markets

Exclusive: CDP consortium to value Atlantia’s unit 9 billion euros in bid – sources

A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia's 88per cent stake in motorway unit Autostrade per l'Italia on Tuesday, two sources close to the matter said.

Markets

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