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Foxconn woes will weigh heavier on China's giant iPhone factory as more workers leave - source

Foxconn woes will weigh heavier on China’s giant iPhone factory as more workers leave – source

November shipments from Foxconn’s Zhengzhou plant to drop further – source Workers’ discontent at the factory turned into protests this week More than 20,000 workers, mostly new recruits, left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone factory in China is expected to see its November shipments further reduced by the latest …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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Musk warns of Twitter bankruptcy as more top executives quit

Musk warns of Twitter bankruptcy as more top executives quit

November 10 (Reuters) – New owner of Twitter Inc, Elon Musk, on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit from the leader in enterprise trust and security. The billionaire on his first mass call with …

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Apple warns of falling iPhone shipments as COVID curbs Chinese factory

Apple warns of falling iPhone shipments as COVID curbs Chinese factory

Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says factory in China is operating at greatly reduced capacity Apple supplier Foxconn revises down its outlook for the fourth quarter TAIPEI, Nov 7 (Reuters) – Apple Inc (AAPL.O) expects shipments of high-end iPhone 14 models to fall from what was expected following …

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Buffett's Berkshire loses money as stocks and Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …

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Twitter lays off staff as Musk blames activists for 'massive' drop in ad revenue

Twitter lays off staff as Musk blames activists for ‘massive’ drop in ad revenue

Musk seeks to lay off about half of Twitter’s workforce Employees file class action lawsuit against Twitter Staff lose access to systems Volkswagen removes ads Nov 4 (Reuters) – Twitter Inc began a major round of layoffs on Friday, alerting employees to their status via email after barring entry to offices and cutting off workers’ …

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Exclusive: Tesla faces US criminal investigation over self-driving allegations

Exclusive: Tesla faces US criminal investigation over self-driving allegations

Oct. 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States for allegations that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice last year launched an undisclosed investigation into more than a dozen crashes, some of them fatal, involving Tesla’s Autopilot …

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Exclusive: Twitter is losing its most active users, internal documents show

Exclusive: Twitter is losing its most active users, internal documents show

Oct. 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk pondered in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research (TWTR.N) seen by Reuters, goes well beyond the handful of examples of celebrities who have ghosted their own accounts. Twitter is struggling to keep its …

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