By Blake Brittain (Reuters) – Apple Inc convinced a California federal judge on Wednesday to throw out a lawsuit accusing the tech giant of ripping off another company’s multiracial emoji and violating its intellectual property rights. Cub Club Investment LLC didn’t show that Apple copied anything that was eligible for copyright protection, U.S. District Judge…
By Leika Kihara and Gayatri Suroyo TOKYO/JAKARTA (Reuters) – Finance leaders of the world’s top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some regions at a two-day meeting kicking off on Thursday. But rising COVID cases overshadow the gathering with many ministers either attending…
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its fourth-quarter net profit grew more than 5% from the year-earlier period with the gross margin helped by new business lines, even as higher expenses ate into earnings. Walmart de Mexico, the biggest retailer in Mexico, said its net profit rose to 13.3 billion pesos ($646.3…
In the past few months, the number of women who call Fund Texas Choice has doubled to more than 100 per week. The demand, driven by a state law banning abortions at roughly six weeks of pregnancy, has forced the abortion rights fund to hire more people. But it’s still been difficult to keep up…
By Danielle Kaye NEW YORK (Reuters) – Marriott and Hilton, two of the biggest U.S. hotel chains, told investors they expect people to resume packing their bags for business and leisure this year at rates not seen since before the pandemic. Hotel and other travel-related companies delivered rosy outlooks in this week’s quarterly results, citing…
By Matt Scuffham NEW YORK (Reuters) – Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win over investors yet to be convinced by its long-term strategy. Wall Street’s premier investment bank is reshaping itself after a turbulent decade during which…
DoorDash on Wednesday posted better-than-expected sales for its fourth quarter thanks to its growing active-user base and new offerings like deliveries from groceries and pet stores. The San Francisco-based delivery company said its revenue grew 34% to $1.3 billion in the October-December period. That topped Wall Street’s forecast of $1.28 billion, according to analysts polled…
By Jonathan Stempel (Reuters) – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said it is “massively stupid” for tensions to escalate between the United States and China, and separately said cryptocurrency should have been banned, calling it “beneath contempt.” Munger, 98, spoke while fielding nearly two hours of questions at the…
By Herbert Lash NEW YORK (Reuters) -Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish reading of minutes from the last Federal Reserve meeting helped stocks close mostly flat on Wall Street. Stronger-than-expected U.S. retail sales data and higher inflation…
By Elizabeth Culliford (Reuters) – Meta Platforms Inc CEO Mark Zuckerberg said in a Facebook post on Wednesday that he had promoted policy chief Nick Clegg into a larger role to lead on all policy matters, signaling less involvement from Zuckerberg in the area. “We need a senior leader at the level of myself (for…
