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BRASILIA (Reuters) – Guilherme Estrella, former director of Brazil’s state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in dividends that …

Former Petrobras executive asks Brazil court to block dividend payment Read More »

By Rod Nickel and Nia Williams (Reuters) – Canada’s proposal to tax corporate stock buybacks is unlikely to deter oil and gas companies from returning cash to shareholders and may instead put them at a competitive disadvantage, industry officials and analysts said. Canadian energy companies have been the most active in buying back shares of …

Canada’s share buyback tax could backfire, energy sector warns Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -Home Depot Inc retail workers voted against forming a union at a location in Pennsylvania, the U.S. National Labor Relations Board (NLRB) said late on Saturday. One hundred and sixty five employees at a Philadelphia, Pennsylvania, store voted against joining the independent union Home Depot Workers United as opposed …

Home Depot workers vote against unionizing U.S. store Read More »

GENEVA (Reuters) – The U.N. High Commissioner for Human Rights, Volker Türk, on Saturday issued an open letter to Elon Musk, the new owner of Twitter Inc, urging him to “ensure human rights are central to the management of Twitter”. Twitter Inc laid off half its workforce on Friday and tweets by staff of the …

UN urges Musk to safeguard human rights at Twitter Read More »

(Reuters) – The U.S. Powerball jackpot that will be drawn on Saturday night is the largest lotto prize ever offered at an estimated $1.6 billion, breaking the previous world record the game set in 2016, according to lottery officials. No one has won the jackpot since Aug. 3, allowing the prize money to mushroom and …

U.S. Powerball worth world-record $1.6 billion in Saturday night drawing Read More »

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc could soon see a boost to its bottom line after changing its accounting for its big stake in Occidental Petroleum Corp. In its quarterly report on Saturday, Berkshire said it adopted the equity method of accounting for its 20.9% stake in Occidental, which is worth …

Berkshire Hathaway could boost earnings after Occidental accounting change Read More »

(Reuters) – United Airlines Holdings Inc joined the list of companies that are suspending ad spending on Twitter, a United spokeswoman confirmed late on Friday. Major brands such as General Mills Inc and luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired …

United Airlines suspends ad spending on Twitter Read More »