Reuters US Business

By Jonathan Stempel (Reuters) -A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an activist investor group based in London, said on Tuesday it submitted a shareholder resolution for Berkshire’s annual meeting on May 3 to create …

Berkshire shareholder seeks committee to oversee AI at Buffett’s company Read More »

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. The oil major also said in an SEC filing that upstream asset sales would benefit results by about $400 million, …

Exxon signals weaker performance across the board to hurt Q4 profits Read More »

(Reuters) -Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support …

Amazon’s AWS to invest $11 billion in Georgia to boost AI infrastructure development Read More »

By Jody Godoy (Reuters) -Cushman & Wakefield was among six large landlords sued by the U.S. Department of Justice over alleged anticompetitive practices in housing rental markets on Tuesday, expanding the DOJ’s first case alleging algorithmic collusion. The DOJ and a coalition of states sued in North Carolina in August, accusing property management software company …

US sues Cushman & Wakefield, other landlords over alleged rental price coordination Read More »

(This Dec. 27 story has been corrected to say Opdivo Qvantig has been approved to treat most previously approved tumor indications, not all previously approved tumor indications, in paragraph 5) By Sneha S K and Sriparna Roy (Reuters) – The U.S. Food and Drug Administration said on Friday that it has approved an injectable version …

FDA approves injectable version of Bristol Myers Squibb’s cancer drug Opdivo Read More »

By David Shepardson and Akash Sriram WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows users to move their cars remotely. The new investigation comes after the U.S. auto safety …

US opens probe into 2.6 million Tesla vehicles over remote driving feature Read More »

PALM BEACH, Florida (Reuters) – Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump’s home in Palm Beach, Florida. With an election victory largely driven by voters’ economic concerns, Trump has doubled down …

Emirati billionaire to invest $20 billion in US data centers, Trump says Read More »