By Blake Brittain (Reuters) -Internet domain registrar GoDaddy owes a patent owner $170 million for violating its rights in website-building technology, a Delaware federal jury said in a verdict made public on Friday. The jury agreed with Express Mobile that GoDaddy’s web-design tools infringe two of its patents. GoDaddy said in a statement that it …
GoDaddy hit with $170 million patent verdict over web-design tech Read More »
By Isla Binnie and Arasu Kannagi Basil (Reuters) -Investment firm KKR reported a rise in third-quarter profit that beat Wall Street’s expectations on Friday, boosted by strong fundraising, particularly in credit and its insurance unit. Adjusted net income of $1.27 billion, or $1.41 per share, surpassed the $1.17 billion, or $1.30 per share, that analysts …
KKR’s profit beats forecast on credit-led inflows, one-off charge weighs Read More »
By Scott DiSavino NEW YORK (Reuters) -U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to 548 in …
US drillers add oil and gas rigs for third time in four weeks, says Baker Hughes Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Friday it was delaying flights at eight airports including in Atlanta, San Francisco, Houston, Washington and Newark, citing widespread air traffic staffing issues as controllers have not been paid during the government shutdown. The FAA said it has staffing shortages at 10 locations …
US delays flights at 8 airports due to short staffing of air traffic controllers Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded flights. Still, the University of Michigan’s Surveys of Consumers …
US consumer sentiment near 3-1/2-year low as government shutdown fuels anxiety Read More »
(Reuters) -Warren Buffett has a message for people who generate or view AI-created impersonations of him. There’s only one Oracle of Omaha. Berkshire Hathaway said on Thursday that videos using AI-generated images of its longtime chief executive are circulating on YouTube, featuring comments he never made. The 95-year-old investor, known for his market instincts and …
Berkshire warns of AI deepfakes impersonating Warren Buffett Read More »
By Isla Binnie and Arasu Kannagi Basil NEW YORK (Reuters) -KKR executives signaled optimism for investment returns and dealmaking on Friday and sought to allay concerns about slower private equity fundraising, deal volume and credit defaults saying there was no reason for alarm. KKR Chief Financial Officer Rob Lewin described the environment for monetizations, meaning …
KKR executives see nothing alarming in credit default rise Read More »
By Leticia Fucuchima and Fabio Teixeira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazil’s Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company’s chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras’ …
Brazil’s Petrobras making investments faster than expected, CFO says Read More »
(Reuters) -Spirit Airlines said on Friday it has reached tentative deals with unions representing its pilots and flight attendants that would involve some contract concessions, as the carrier tries to rein in costs as part of its ongoing Chapter 11 restructuring process. The airline said its senior leadership team has also agreed to take salary …
Spirit Airlines reaches tentative cost-saving labor deals amid bankruptcy proceedings Read More »
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The U.S. Army aims to buy at least a million drones in the next two to three years and could acquire anywhere from a half million drones to millions of them annually in the years that follow, U.S. Army Secretary Daniel Driscoll said. Driscoll detailed the major …
Exclusive-US Army to buy 1 million drones, in major acquisition ramp-up Read More »
