(Reuters) – Shares of Tesla gained nearly 6% on Monday, after a key Wall Street brokerage added the stock to its watch list ahead of the automaker’s quarterly production and delivery report…
Category: Business
Exclusive-Nvidia set to face French antitrust charges, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the…
Paramount is looking for streaming partner, CNBC reports
(Reuters) – Paramount Global is holding talks with other media companies about merging its streaming platform with an existing platform, CNBC reported on Monday, citing people familiar with the matter. Warner Bros…
Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says
By Jonathan Stempel NEW YORK (Reuters) – A federal judge said Visa and Mastercard can likely withstand a “substantially greater” settlement with merchants who said they overpaid on swipe fees than the…
Nestle sees stable sales growth from Q2, CEO tells paper
FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss…
US army awards Lockheed Martin $4.5 billion multi-year Patriot Missiles contract
(Reuters) -The U.S. Army awarded Lockheed Martin a multi-year contract worth $4.5 billion for its air defense Patriot Missiles system, the Pentagon said on Friday. The Patriot system is one of an…
Ackman’s Pershing Square USA to offer shares at $50 in NY listing
(Reuters) – Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York. Ackman…
Factbox-Bankruptcy cases to watch after US Supreme Court Purdue Pharma ruling
(Reuters) – The U.S. Supreme Court’s ruling on Thursday scuttling OxyContin maker Purdue Pharma’s bankruptcy settlement could have a sweeping impact on how U.S. bankruptcy courts handle cases aimed at resolving sprawling…
Elon Musk won $56 billion payday because of vote, Tesla argues in court
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding…
Crypto firm Abra reaches settlement with US states for operating without licenses
By Hannah Lang (Reuters) – Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing. As part…