Biden says U.S. Steel must stay domestically owned, a major blow to Nippon Steel
(This March 14 story has been refiled to correct the spelling of Cleveland-Cliffs CEO Lourenco Goncalves’ surname in paragraph 9)…
Reckitt unit hit with $60 million verdict in Enfamil baby formula case in Illinois
By Brendan Pierson (Reuters) – An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to…
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…
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…
SpaceX Starship disintegrates after completing most of third test flight
By Joe Skipper, Steve Gorman and Joey Roulette BOCA CHICA, Texas (Reuters) -SpaceX’s Starship rocket, designed to eventually send astronauts…
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)…