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Meta institutional investors urge opposing re-election of two board members

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(Reuters) - A group representing some of Meta Platforms Inc's institutional investors urged shareholders of the Facebook owner to vote against the re-election of two of its board members, Marc Andreessen and Peggy Alford. "We believe the lack of independence of board members Peggy Alford and Marc L. Andreessen is undermining the board's ability to adequately oversee the … [Read more...] about Meta institutional investors urge opposing re-election of two board members

China’s Ant Group to take up majority ownership of payments platform 2C2P

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(Reuters) - Ant Group, the fintech unit of China's Alibaba Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, the companies on Monday. The deal will lead to the integration of Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East and the Americas. Ant has over … [Read more...] about China’s Ant Group to take up majority ownership of payments platform 2C2P

Trending now: Netflix’s forecast as competition heats up

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By Eva Mathews and Nivedita Balu (Reuters) - Netflix Inc is expected to report its slowest quarterly revenue growth in nearly eight years on Tuesday, but the focus will be on its forecast in the run-up to new seasons of popular titles including "Stranger Things" and "Ozark". The company is spending billions to bring more original films and TV shows, as well as build mobile … [Read more...] about Trending now: Netflix’s forecast as competition heats up

Brazil’s Tupy set to buy Traton-owned motor maker MWM, shares soar

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By Gabriel Araujo SAO PAULO (Reuters) - Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher. The deal has an enterprise value of 865 million reais ($184.2 million), Tupy said in a securities filing. MWM is owned by … [Read more...] about Brazil’s Tupy set to buy Traton-owned motor maker MWM, shares soar

Amazon workers in small New Jersey facility file for union election

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(Reuters) -Amazon.com Inc workers at a small facility in New Jersey have shown enough interest to hold a vote on unionizing, the U.S. National Labor Relations Board (NLRB) said on Monday. At least 60 of 200 workers from Amazon's DNK5 depot in Bayonne, New Jersey, have submitted cards seeking to organize as part of Local 713 International Brotherhood of the Trade Union, the NLRB … [Read more...] about Amazon workers in small New Jersey facility file for union election

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