(Reuters) -Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday. The appeal comes ahead of the November 6 annual meeting, with Tesla’s board having faced repeated criticism for not acting in shareholders’ best interests and governance …
Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns Read More »
By Anuja Bharat Mistry and Jessica DiNapoli (Reuters) -Keurig Dr Pepper lifted its forecast for annual sales on Monday and said it had raised $7 billion from private equity firms to finance its purchase of Dutch coffee giant JDE Peet’s, allaying investor fears about mounting debt. Shares of the beverage maker were up 7% late …
Keurig Dr Pepper lifts annual sales forecast, raises $7 billion to fund JDE Peet’s deal Read More »
By Arunima Kumar (Reuters) -Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America. U.S. oil producers have cut exploration budgets as prices hover in the low …
Oilfield giants pivot to booming AI infrastructure as drilling demand wanes Read More »
By Jonathan Stempel (Reuters) -Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller clean energy tax credits and Warren Buffett’s departure will weigh on its share price. KBW analyst Meyer Shields, who had rated Berkshire “market perform,” also cut his target …
Berkshire cut to ‘underperform’ by KBW, which cites Geico, tariffs, Buffett Read More »
By Timothy Gardner and Max A. Cherney WASHINGTON/SAN FRANCISCO (Reuters) -The U.S. has formed a $1 billion partnership with Advanced Micro Devices to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security, Energy Secretary Chris Wright and AMD CEO Lisa Su told Reuters. The U.S. is …
By Lucila Sigal BUENOS AIRES (Reuters) -Argentine President Javier Milei on Monday urged moderate opposition lawmakers to back his reform agenda during the next two years of his term, after his party cruised to victory in midterm legislative elections, sending local markets soaring. Milei’s La Libertad Avanza party won 40.68% of the votes, compared with …
Argentina’s Milei calls on moderates to support reform after strong midterm showing Read More »
MILAN (Reuters) -Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies. Several legacy automakers face potential fines as the transition to EVs in Europe has proved slower than expected in recent years. Here are details about the regulation and alliances for 2025, …
Factbox-Automakers pool with EV makers to avoid EU emissions fines Read More »
BERLIN (Reuters) -WTO Director-General Ngozi Okonjo-Iweala said on Monday that some of the United States’ criticisms of the multilateral trading system were valid. “I think that a lot of the criticisms made by the US of the system are valid, I share them,” Okonjo-Iweala said at the Fortune Global Forum in Riyadh. She pointed to …
Many US criticisms of multilateral trading system are valid, says WTO chief Read More »
(Reuters) -Goldman Sachs is in talks to secure a $10 billion mandate from Kuwait’s wealth fund for its asset-management arm, Bloomberg News reported on Monday. The firm has been in talks with the Kuwait Investment Authority (KIA) to receive the money over the coming years and across multiple funds, largely targeting Goldman’s private equity, credit …
Goldman in talks for $10 billion mandate from Kuwait, Bloomberg News reports Read More »
WASHINGTON (Reuters) -The U.S. unemployment rate remained stable at around 4.3% in October according to a Chicago Federal Reserve bank economic model that uses private data to estimate the jobless rate even in the absence of government statistics that have been unavailable since the start of an ongoing federal shutdown. The last official unemployment report …
