(Reuters) – Online travel giant Booking Holdings (NASDAQ:) said on Friday it expected to cut jobs as part of broader changes to its businesses, which also aim to drive real estate savings. Booking Holdings, which owns brands like Booking.com and Kayak, did not disclose how many jobs would be affected but said it expected to provide more details on timing, likely impact on employees and financials “in due course”. As
(Reuters) – Microsoft-backed OpenAI said on Friday night it is facing an issue that has resulted in its popular chatbot ChatGPT being unavailable. The company said in a statement on its website that it was investigating the issue and working to restore functionality as soon as possible. Over 19,403 users had been impacted by the outage as of 7:13 p.m. ET (0013 GMT on Saturday), according to outage tracking website
(Reuters) -Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his U.S. presidential election victory. Here are some of the contenders for several posts overseeing regulation and enforcement. Commerce Department LINDA MCMAHON McMahon is seen as a top contender for Commerce secretary. She served as head of the Small Business Administration in the first Trump administration and is chair of the pro-Trump
By Nate Raymond (NS:) and David Shepardson (Reuters) -A U.S. appeals court on Friday held that a trial judge correctly found that American Airlines (NASDAQ:)’ now-scrapped U.S. Northeast partnership with JetBlue Airways (NASDAQ:) violated federal antitrust law. Siding with the U.S. Department of Justice, the Boston-based 1st U.S. Circuit Court of Appeals affirmed a trial judge’s ruling blocking the airlines’ “Northeast Alliance,” which had allowed the two carriers to coordinate
WASHINGTON (Reuters) – Elon Musk joined a congratulatory call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskiy on Wednesday, according to media reports. During the 25-minute call, Trump told Zelenskiy he would support Ukraine, without providing details, while Musk said he would continue to support the country with his Starlink satellites, Axios reported, citing unidentified sources. News of the call comes as Trump moves closer to choosing his top
By Brendan O’Brien and Rich McKay (Reuters) – After forcing thousands of Californians to evacuate and burning more than 100 structures, a stubborn wildfire burning northwest of Los Angeles on Friday challenged firefighting crews working to snuff it out even as fierce winds in the area calmed. Overnight, the area scorched by the blaze – dubbed the Mountain Fire – remained at about 20,000 acres (8,100 hectares) in Ventura County.
By Shashwat Chauhan and Sruthi Shankar (Reuters) -Europe’s benchmark logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as concerns about tariffs under a Trump presidency hurting economic growth. The pan-European STOXX 600 closed down 0.6%, with China-exposed sectors such as miners and luxury losing more than 3% each. Most major subsectors were in the red barring defensive sectors such as
(Reuters) – Tesla (NASDAQ:)’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker’s shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday’s close. The company crossed the $1
(Reuters) – Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content. Revenue at the TV media business, which includes CBS and MTV, fell 6% in the third quarter due to lower spending from advertisers, a drop in subscribers and absence of
By John Revill and Mimosa Spencer ZURICH (Reuters) -Cartier jewellery owner Richemont (SIX:) reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited
