WASHINGTON (Reuters) - U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.
Nonfarm productivity, which measures hourly output per worker, increased at a 0.3% annualized rate last quarter after rising at a 3.5% pace in the October-December period, the Labor Department's Bureau of Labor Statistics said on Thursday.
The government on Friday... (continue reading...)
(Reuters) - Pop-Tarts maker Kellanova beat Wall Street estimates for first-quarter sales and profit on Thursday, boosted by higher prices and firm demand for its breakfast cereals and ready-to-eat snacks.
The Rice Krispies maker's shares were up nearly 2% in premarket trading.
Kellanova, which rebranded itself late last year, is known for its diverse portfolio of brands like Grahams Crackers, Nutri-Grain breakfast bars and frozen food... (continue reading...)
By Steven Scheer
JERUSALEM (Reuters) - Israeli cyber security start-up Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman.
In all, Apex raised $7 million in a seed funding round led by Sequoia Capital, with participation from Index Ventures, Altman and others, it said. Altman did not immediately comment.
... (continue reading...)ATHENS (Reuters) - The convicted leader and founder of Greece's far-right Golden Dawn party, Nikos Mihaloliakos, has been released from prison on parole, a Greek police source and state television ERT said on Thursday.
Mihaloliakos, 66, and other members of Golden Dawn were sentenced in 2020 for running a criminal gang linked to hate crimes during the country's economic crisis.
Mihaloliakos, who was serving a 13-year sentence in a prison... (continue reading...)
ROME (Reuters) - The European Court of Human Rights (ECHR) on Thursday ruled in favour of Italy's long-standing demand that the Getty Villa Museum in the United States return an ancient Greek statue which Rome claims was smuggled out of the country decades ago.
The bronze, life-size statue known as the "Victorious Youth" is of a naked young man crowning himself with a wreath. It was made by Greek sculptor Lysippos between 300 and 100 BC and discovered... (continue reading...)
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