Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple
(Reuters) – Warren Buffett’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during…
Category: Business
Paramount Global begins planned layoffs with 15% job cuts in US
(Reuters) – Paramount Global will begin laying off 15% of its workforce in the United States starting Tuesday as part…
Lockheed Martin, General Dynamics to build their own rocket motors
(Reuters) -Lockheed Martin said on Tuesday it had signed an agreement with peer General Dynamics to build solid rocket motors,…
Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar
By Granth Vanaik and Aishwarya Venugopal (Reuters) -Starbucks on Tuesday named Chipotle Mexican Grill head Brian Niccol as its new…
Starbucks, Elliott in talks over a settlement, CNBC reports
(Reuters) -Starbucks and activist investor Elliott Management are talking about a settlement, CNBC reported on Monday, citing sources. Elliott had…
Tire maker Goodyear to invest C$575 million to upgrade Canada plant
OTTAWA (Reuters) -The Canadian unit of Goodyear Tire & Rubber Co will invest over C$575 million ($418.4 million) to upgrade…
Disney expected to announce plans for its theme parks
By Dawn Chmielewski ANAHEIM, California (Reuters) – Walt Disney is expected to announce new attractions at the company’s theme parks…
Hindenburg research alleges India market regulator chief held investments in offshore funds used by Adani Group
MUMBAI (Reuters) – U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of…
GPS spoofers ‘hack time’ on commercial airlines, researchers say
By James Pearson LAS VEGAS (Reuters) – A recent surge in GPS “spoofing”, a form of digital attack which can…
Delta Air warns of $380 million revenue hit from CrowdStrike outage
By Rajesh Kumar Singh (Reuters) -Delta Air Lines on Thursday warned of a $380 million hit to its revenue in…