NEW YORK (Reuters) -Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December, sources familiar with the matter said on Thursday. The company announced in October it would close the facility and begin winding down operations in October 2025. The workforce reduction will begin two months later. The Los Angeles facility has about 600...

* Elon Musk has sued media watchdogs over advertising decrease * FTC demands communications between Media Matters, others * FTC chairman has called potential group boycotts unlawful By Jody Godoy, Mike Scarcella May 22 (Reuters) - The U.S. Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

(Reuters) -Alphabet's YouTube has hired long-time Walt Disney ( DIS ) executive Justin Connolly to serve as its global head of media and sports, the company said on Thursday, as the video service pushes further into sports and traditional media. Connolly will manage the platform's relationships with major media companies as well as take charge of the company's growing live-sports...