(Reuters) – AT&T will credit customers a full day of service for the carrier’s more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the “right thing to do.” “I believe this approach is fully manageable while achieving the 2024 business objectives we have set for ourselves and our stated …
AT&T to credit customers a full day of service for Thursday outage Read More »
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T, whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for more …
AT&T to give billing credits to consumers impacted by outage Read More »
By Milana Vinn (Reuters) -Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company’s …
Exclusive-Broadcom nears $3.8 billion sale of remote access unit to KKR Read More »
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire’s $354 …
Buffett’s Berkshire posts record profit on insurance, investments Read More »
By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway, the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop business it did not already own, after resolving a lawsuit over the price. The price means Berkshire paid about $13.6 billion for Pilot, which …
Berkshire paid $2.6 billion for Haslam family’s remaining 20% Pilot stake Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies. “The introduction of cheap Chinese autos – which are so inexpensive because they are backed with the …
US should block cheap Chinese auto imports from Mexico, US makers say Read More »
By Akash Sriram, Harshita Mary Varghese and Joey Roulette (Reuters) -Shares of moon lander maker Intuitive Machines tumbled 30% in extended trade, wiping out a Friday rally after the company said its spacecraft had tipped over shortly after touching down on the lunar surface a day earlier. The stock of the first private company to …
Intuitive Machines shares descend fast after the CEO says the moon lander is on its side Read More »
By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an issue it did not specify. The No. 2 U.S. automaker said the shipment halt began on Feb. 9. It did not say when it …
(Reuters) – Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday. Schwarzman reaped over $1.26 billion in pay and dividends for 2022, including more than $1 billion in dividends from his shares …
Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023 Read More »
By David Shepardson and Kannaki Deka (Reuters) -United Airlines on Friday became the third major U.S. airline to hike checked baggage fees for customers traveling in North America after American Airlines and JetBlue Airways announced similar increases. United passengers flying economy in the U.S. after Feb. 24 will pay $40 for a first checked bag, …
US airlines hiking checked baggage fees as costs jump Read More »
