Reckitt to challenge $60 million baby formula verdict, shares sink
(Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60 million verdict overturned in a…
Category: Business
Buffett’s Berkshire boosts CEO-designate Abel’s pay to $20 million
By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20…
Reddit receives FTC inquiry on AI-related deals ahead of IPO
(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company’s sale, licensing…
Goldman bumps up 2023 pay for top three executives
NEW YORK (Reuters) -The pay of Goldman Sachs’ top three executives jumped by an average of nearly 24% in 2023,…
Apple reaches $490 million settlement over CEO Cook’s China sales comments
By Jonathan Stempel (Reuters) -Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim…
Adobe shares fall as downbeat forecast fans worries about competition, AI efforts
(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s…
Microsoft singles out Google’s competitive edge in generative AI
(This March 14 story has been corrected to say 15 million euros and not 15 billion euros, in paragraph 11)…
Intel signs Microsoft as foundry customer, says on track to overtake TSMC
By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans to use its services to…
Morgan Stanley forced Frasers off books with $1 billion margin call, court told
By Kirstin Ridley LONDON (Reuters) -Morgan Stanley used an “unrealistic” and “inappropriate” near $1.0 billion margin call to force trades…
Exclusive-Brazil readies broad FX hedging program with $2 billion in derivatives for green investments
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will announce on Monday new measures to help foreigners with foreign exchange…