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WASHINGTON (Reuters) -Sen. Elizabeth Warren, an outspoken critic of corporate consolidation, wrote to the U.S. Federal Trade Commission to express concern about two pending pharmaceutical deals. In a letter dated Wednesday, Warren said that she was focused on Amgen’s plan to buy Horizon Therapeutics, and addiction specialist Indivior’s plan to buy Opiant for $145 million, …

U.S. Senator Warren ‘particularly concerned’ about Amgen, Indivior deals Read More »

By Noele Illien, Tom Wilson and Dietrich Knauth ZURICH/LONDON (Reuters) -FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange’s collapse, saying it is already conducting a wide-ranging probe that includes family members of FTX founder Sam Bankman-Fried.FTX said in a court filing in Wilmington, Delaware, …

FTX opposes new bankruptcy investigation as it probes Bankman-Fried connections Read More »

By Sheila Dang and David Shepardson FORT WORTH, Texas/WASHINGTON (Reuters) -Boeing Co pleaded not guilty on Thursday to a 737 MAX fraud conspiracy felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane’s flawed design. Boeing’s chief safety officer, Mike Delaney, entered the not-guilty plea on behalf …

Boeing pleads not guilty to fraud charge in 737 MAX arraignment Read More »

By Andrea Shalal and Kopano Gumbi PRETORIA (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday lauded South Africa’s “bold” participation in an energy transition partnership backed by the United States and other Western nations, but steered clear of mentioning U.S. concerns about Pretoria’s planned military drills with China and Russia. Yellen spoke to reporters alongside …

Yellen welcomes South Africa’s energy transition, steers clear of Russia mention Read More »

By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics, as the Germany software company looks to cut costs and focus on its cloud business. SAP is the latest tech company …

SAP to cut 3,000 jobs, explore Qualtrics stake sale Read More »

By Marie Mannes (Reuters) -Swedish truck maker AB Volvo’s supply chain struggles are set to linger, it said on Thursday after reporting fourth-quarter core profit close to analyst expectations and proposing an extra dividend. Volvo and rivals such as Germany’s Daimler Trucks have struggled with a global shortage of crucial components such as semiconductors, broader …

AB Volvo warns of lingering supply strains Read More »

By Anne Kauranen and Supantha Mukherjee HELSINKI/STOCKHOLM (Reuters) – Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it had been able to gain market share, benefitting from 5G roll-out in countries such as India. “We are taking market share now,” Chief Executive Pekka …

Nokia says is gaining market share, sees 2023 growth Read More »

(Reuters) – International Business Machines Corp will cut 3,900 roles, or about 1.5% of its global workforce, its chief financial officer, James Kavanaugh, told Bloomberg News in an interview on Wednesday. (Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)

By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries over the economic impact of the U.S. Federal Reserve’s restrictive policy. All three major U.S. stock indexes pared their losses throughout the afternoon to close well …

S&P 500 closes slightly red as weak corporate guidance fuels recession fears Read More »