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Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cutting

(Reuters) – Alphabet Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on Friday. Pichai’s compensation included stock awards of about $218 million, the filing showed. The pay disparity comes at a time when Alphabet, …

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Factbox-Industry targets of U.S. Republicans’ anti-ESG efforts

By Ross Kerber (Reuters) – Republican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance (ESG) factors in their business decision making. In all 39 bills targeting aspects of ESG were filed as of the end of 2022, of which …

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Exclusive-Tesla’s Autopilot never claimed to be self-pilot -juror

By Abhirup Roy, Dan Levine and Hyunjoo Jin LOS ANGELES (Reuters) – Jurors in what appears to be the first trial related to a crash involving Tesla’s Autopilot feature told Reuters after the verdict on Friday that the electric-vehicle maker clearly warned that the partially automated driving software was not a self-piloted system, and that …

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Russian billionaires see wealth rise to over half a trillion dollars -Forbes

By Guy Faulconbridge MOSCOW (Reuters) – Russia’s richest people added $152 billion to their wealth over the past year, buoyed by high prices for natural resources and rebounding from the huge loss of fortunes they experienced just after the Ukraine war began, Forbes Russia said. Russia has 110 official billionaires in the list, up 22 …

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Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News

(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News reported, citing people with knowledge of the situation. The home goods retailer is also looking to secure funding from U.S.-based investment firm Sixth …

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Brazil’s Embraer to build NATO-approved aircraft in Portugal

LISBON (Reuters) – Brazil’s Defence Minister Jose Mucio said on Friday his country’s planemaker Embraer SA would manufacture aircraft that meet NATO’s requirements in a partnership with Portuguese aerospace company OGMA. Embraer, which holds 65% of OGMA’s capital, makes several types of planes, including a light attack aircraft called “Super Tucano”. The company launched last …

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Paramount agrees to settle Viacom-CBS merger investor lawsuit

(Reuters) -Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed. The settlement, reached on Tuesday, provides for the dismissal of the case in exchange for the payment to Paramount, according to a Securities …

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Factbox-World’s biggest lithium producers

By Carman Chew SINGAPORE (Reuters) – Chilean President Gabriel Boric said on Thursday he would nationalise the country’s lithium industry and create a state-owned company to produce the metal that is a key component of electric vehicle batteries. Boric said future lithium contracts would only be issued as public-private partnerships with state control. Chile holds …

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Chile bid to boost state control over lithium spooks investors

By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) -Chile has moved to boost state control over its lithium industry as it seeks to diversify from mining into batteries and other areas, spooking investors in the country’s dominant miners of the white metal, SQM and Albemarle Corp. Chile’s progressive President Gabriel Boric late on Thursday announced …

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JPMorgan bankers met with Epstein after his accounts were closed – WSJ

NEW YORK (Reuters) – JPMorgan Chase & Co bankers continued to have meetings with the sex offender Jeffrey Epstein even after the bank decided to close his accounts in 2013, the Wall Street Journal reported on Friday, citing people familiar with the matter. The banker Justin Nelson had about a half-dozen meetings at Epstein’s townhouse …

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