Press Digest – New York Times Business News

January 25, 2023 0 Comments


Jan 25 (Reuters) – Following are the top news stories on the business pages of The New York Times. Reuters has not verified these reports and does not confirm their accuracy.

– A glitch on the New York Stock Exchange, which is owned by Intercontinental Exchange Inc, on Tuesday caused prices to jump wildly, affecting more than 250 stocks, including Wells Fargo & Co, Verizon Communications Inc and Nike Inc. Shares of large companies were included.

– The US Justice Department and a group of eight states sued Google on Tuesday over it illegally abusing a monopoly on the technology powering online advertising, in the agency’s first antitrust lawsuit against a tech giant under President Biden and increased legal pressure. One of the largest Internet companies in the world.

News Corp, one of Rupert Murdoch’s media companies, said in a statement Tuesday that they had determined that a combination of it and Fox Corp “was not optimal for News Corp and Fox shareholders at this time.”

Tesla Inc will build a factory in the North US state of Nevada that will make electric semi trucks, the company said on Tuesday, under pressure from traditional truck makers such as Daimler and Volvo, which are just beginning to sell battery-powered vehicles. . (Compiled by Bengaluru newsroom)

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