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Business groups want more time to consider FTC's noncompete ruleWASHINGTON : The U.S. Chamber of Commerce, which has indicated that it would oppose a broad rule banning most noncompete agreements for employees, asked the Federal Trade Commission Tuesday to extend the comment period for the rule.In a letter to the FTC signed by the Chamber and some 100 organizations li
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Roomster must face lawsuit by US FTC, six states over fake reviewsNEW YORK : A U.S. judge on Wednesday ordered the roommate matching service Roomster to face a lawsuit by the Federal Trade Commission and six states claiming it used fake listings and reviews to take millions of dollars from people struggling to find affordable housing.Without ruling on the merits, U.S. D
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Snap's earnings may hold positive news for Meta, Google -analystsSnap Inc blamed a poor economy and increased competition for its ho-hum quarterly earnings, but a rise in the key ad metric could mean good news for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday.Snap said its direct response business geared towards driving product sales or website
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Meta shares soar as company cuts spending, forecasts upbeat first-quarter sales:Meta Platforms Inc on Wednesday forecast stricter control of expenses this year and first-quarter sales that could beat Wall Street estimates, sending shares soaring 19 per cent in after-hours trade.The world's biggest social media company cut its cost outlook for 2023 by $5 billion and expanded its share bu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Within FFP rules, but Chelsea take huge gambleLONDON : Chelsea's massive outlay on eight new players in January may not breach Financial Fair Play (FFP) rules but it represents a huge gamble, according to a leading football business expert.The Premier League club crowned a month of squad-strengthening by smashing the British transfer record to sign A
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Meta reports sales fall, but beats expectationsSAN FRANCISCO — Facebook and Instagram owner Meta on Wednesday (Feb 1) reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring.
Source: TODAYonline - 🏆 1. / 99 Read more »