PRESS DIGEST- New York Times business news - Jan 23

Reuters13:27

Jan 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Car maker Stellantis said on Wednesday it planned to reopen a factory in Illinois and increase production elsewhere in the United States, a move that is likely to resolve several simmering disputes with the United Automobile Workers (UAW) union.

- Many Reddit users are boycotting the social media site X, formerly known as Twitter, after Elon Musk twice made a gesture during U.S. President Donald Trump's inaugural celebration that drew comparisons to the Nazi salute.

- Amazon on Wednesday said it was closing all of its warehouse and logistics operations in Quebec, the Canadian province where unions gained a foothold in one of its facilities, and would lay off 1,700 employees.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment