BRUSSELS, May 31 (Reuters) - Temu will have to comply with stricter EU online content rules after its user numbers exceeded a key criterion, the European Commission said on Friday, putting the PDD Group's fast-fashion e-commerce retailer in a group that includes Amazon ( AMZN ), Meta Platforms ( META ) and TikTok. Under the European Union's Digital Services Act...

06:45 AM EDT, 05/31/2024 (MT Newswires) -- PepsiCo ( PEP ) will lay off nearly 30% of its workforce at a Frito-Lay plant in the suburbs of New York City, according to a regulatory notice posted Wednesday and reported by Bloomberg Thursday. The notice said 88 of the 305 employees at the Middletown manufacturing facility will be laid off beginning...

06:49 AM EDT, 05/31/2024 (MT Newswires) -- BRP (DOO.TO) on Friday reported a drop in first-quarter profit and revenue amid a decline in shipment volumes as the company focused on reducing network inventory levels. The Canadian manufacturer of snowmobiles, all-terrain vehicles, side by sides, motorcycles, and personal watercraft, on Friday reported fiscal first-quarter normalized net income of $72.5 million, or...

ZURICH (Reuters) - Swiss bank UBS said on Friday it had completed the merger of the main parent companies of the Swiss lender and its longtime rival Credit Suisse, which it acquired last year. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe, UBS said in a statement. The...