Reuters US Business

By Jonathan Stempel NEW YORK (Reuters) – Starbucks has been sued for a third time by a company that accused the coffee chain of stealing its concept for coffee-flavored lipstick and lip gloss. Balmuccino, whose leaders have included a sister-in-law of TV doctor Mehmet Oz, filed its complaint on Friday in Manhattan federal court. The …

Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick Read More »

By Manya Saini and Niket Nishant (Reuters) -B. Riley Financial said on Friday that co-founder and co-CEO Bryant Riley had offered to buy the bank, in what has been a torrid week for the firm following its warning of a hit from its investment in Vitamin Shoppe-owner Franchise Group.  Riley’s unsolicited offer of $7 per …

B. Riley says co-founder has offered to take it private Read More »

(Reuters) – Mattress maker Tempur Sealy International’s proposed $4-billion takeover of retailer Mattress Firm is intended to “eliminate future competition”, according to a document unsealed by a Texas judge. A May 2022 presentation to the board by the company’s CEO stated that buying Mattress Firm would enable Tempur Sealy to “eliminate future competition” and “block …

Tempur Sealy’s deal to buy Mattress Firm aims to ‘eliminate’ competition, document shows Read More »

(Reuters) – OpenAI said on Friday it had taken down accounts of an Iranian group for using its ChatGPT chatbot to generate content meant for influencing the U.S. presidential election and other issues. The operation, identified as Storm-2035, used ChatGPT to generate content focused on topics such as commentary on the candidates on both sides …

OpenAI blocks Iranian group’s ChatGPT accounts for targeting US election Read More »

(Reuters) – Bitcoin, the world’s biggest and best-known cryptocurrency, rose 5.17% to $59,609 at 2013 GMT on Friday. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 54.8% from the year’s low of $38,505 on January 23. (Reporting by Rishabh Jaiswal in Bengaluru; editing by Diane Craft)

(Reuters) -S&P lowered its outlook on Warner Bros Discovery to “negative” from “stable”, citing declines in the media company’s cable TV business that could worsen with the potential loss of broadcast rights for the National Basketball Association games. The cable TV business, which brings in about half of Warner Bros Discovery’s revenue, has been struggling …

S&P lowers outlook for Warner Bros Discovery to ‘negative’ on cable TV decline Read More »

(Reuters) -Texas Instruments will receive as much as $1.6 billion in direct funding from the U.S. Commerce Department to support the construction of three new domestic facilities, the analog chipmaker said on Friday. In addition to the agreement signed under the CHIPS and Science Act, Texas Instruments expects to receive about $6 billion to $8 …

Texas Instruments to receive up to $1.6 billion under CHIPS Act Read More »