10:15 AM EDT, 06/24/2025 (MT Newswires) -- Microsoft ( MSFT ) will reduce its Xbox division workforce next week amid a company-wide reorganization, Bloomberg reported Tuesday, citing people familiar with the plans. This would mark the fourth major round of layoffs at Xbox in the past 18 months, the report said. Xbox division management expects substantial group-wide reductions, the report...

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,...

Nano Labs Ltd ( NA ) shares are rising Tuesday after the company announced plans to raise $500 million through convertible senior notes and target a BNB treasury strategy. What To Know: China-based web 3.0 infrastructure provider Nano Labs ( NA ) has entered into a convertible notes purchase agreement with several investors to issue $500 million of promissory notes. The...

June 24 (Reuters) - Gold Reserve ( GDRZF ) has filed an emergency request with a court in Delaware asking for clarification about a license by the U.S. Treasury Department that last week extended its protection over Venezuela-owned U.S. refiner Citgo Petroleum even amid a court-organized auction to pay creditors, the company said on Tuesday. The Delaware court has progressed...