Reuters US Business

By Blake Brittain (Reuters) – A federal judge in Virginia has rejected cybersecurity company Centripetal Networks’ patent infringement claims against Cisco Systems in a multi-billion-dollar fight over network-security technology. A different judge in the same court, U.S. District Judge Henry Morgan, had awarded Centripetal $2.75 billion in the case in 2020, marking the largest patent …

Cisco defeats Centripetal patent case that led to $2.75 billion award Read More »

(Reuters) – Kroger said on Tuesday its associates would be returning to its offices in Cincinnati and other locations for more days in the week from February next year. “Remote working” had gained prominence during the COVID-19 pandemic, forcing employees to stay out of offices and work from home. However, with the pandemic subsiding, employers …

Kroger employees to return to offices for more days from February Read More »

(Reuters) – Workers at some U.S. facilities of Honda Motor, Hyundai Motor and Volkswagen have filed unfair labor practice charges against the companies, a release from the United Auto Workers union showed on Monday. The charges by the workers allege the companies of launching anti-union activities and preventing workers from organizing union campaigns. (Reporting by …

Workers at some non-union automakers file unfair labor practice charges in US Read More »

By Valerie Insinna and Tim Hepher (Reuters) -Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses energies on tackling industrial pressures, people familiar with the matter said. The move is the latest evidence of renewed industrial priorities after Boeing on Monday …

Exclusive-Boeing deepens strategy cuts as operations take center-stage -sources Read More »

(Reuters) -Perpetual Ltd’s top investor, Australian diversified investment firm Washington H. Soul Pattinson and Company (WHSP), has increased its stake in the company to 11.66%, according to an exchange filing made on Tuesday. This comes after the fund manager rejected WHSP’s A$3.1 billion ($2.04 billion) takeover offer last week, saying the proposal undervalued its business. …

WHSP raises stake in Australian fund manager Perpetual Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a U.S. telecom carrier. Nokia said it still sees a path to achieving the previous target, but …

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract Read More »

(Reuters) – A U.S. district court on Monday denied Elon Musk’s request to dismiss a lawsuit filed by Twitter investors that accuses him of driving down the social media platform’s stock price in the months before he bought it in October 2022. The court for the Northern District of California allowed certain claims by the …

US court denies Musk’s request to dismiss investor suit on Twitter buyout Read More »

(Reuters) – Lucid Group on Monday said Sherry House would be stepping down as the company’s finance chief, effective immediately, to pursue other opportunities. The luxury electric car maker said Gagan Dhingra, who is vice president of accounting, would additionally serve as interim CFO while it searches for a replacement. Shares dropped more than 3% …

EV maker Lucid says CFO Sherry House to step down Read More »

(Reuters) – Oracle missed estimates for quarterly revenue on Monday, as an uncertain economy and competition in the cloud computing market weighed on demand for its cloud offerings, sending its shares down more than 7% in extended trading. Sticky inflation and high borrowing costs have forced firms to cut back on expenditure, hurting firms like …

Oracle misses revenue estimates on weak cloud spending, shares fall Read More »