Warren Buffett’s PacifiCorp utility reaches $178 million wildfire settlement
By Jonathan Stempel (Reuters) – PacifiCorp, a utility owned by billionaire Warren Buffett’s Berkshire Hathaway, said on Monday it agreed…
Category: Business
Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
(Reuters) -Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, citing people familiar…
US agency seeks more details on self-driving Zoox crashes
By David Shepardson WASHINGTON (Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it is seeking more information…
Paramount’s special committee agrees to recommend Skydance deal, WSJ reports
(Reuters) – A special committee of the Paramount Global’s board agreed to recommend a deal with Skydance Media, the Wall…
Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
NEW YORK (Reuters) – Bank of America’s investment banking fees are expected to rise 10% to 15% in the second…
Salesforce plummets as weak forecast sparks concerns of AI competition
By Kanchana Chakravarty and Arsheeya Bajwa (Reuters) -Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth…
Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit
By Mike Scarcella (Reuters) – Visa and Mastercard have agreed to pay $197 million to resolve a class action by…
Musk’s $56 billion pay package opposed by CalPERS CEO, CNBC reports
(Reuters) -The California Public Employees Retirement System (CalPERS) CEO Marcie Frost is planning to oppose Tesla CEO Elon Musk’s $56…
Meme stock GameStop climbs after raising $933 million in share sales
(Reuters) -GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing…
Hess shareholders approve merger with Chevron
By Sabrina Valle HOUSTON (Reuters) – Hess Corp on Tuesday approved the company’s $53 billion merger with the No. 2…