By Brendan Pierson (Reuters) – A U.S. jury on Monday found Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood testing startup, convicting her on four of 11 counts. Holmes, 37, was accused of defrauding investors and patients with her claims of revolutionizing lab testing with a machine that used a…
By Richa Naidu and Danielle Kaye CHICAGO (Reuters) -Walmart temporarily shut almost 60 U.S. stores in COVID-19 hotspots in December to sanitize them against the virus, in a sign the new Omicron variant is disrupting the retail industry. The Walmart stores – in locations including Texas and New Jersey – were closed for two days…
By Jane Lanhee Lee and Jody Godoy SAN JOSE, Calif. (Reuters) -A U.S. jury on Monday found Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood testing startup. Holmes was convicted on four of 11 counts. She was acquitted on four counts and the jury could not reach a decision on…
(Reuters) – Lockheed Martin delivered a total of 142 F-35 fighter jets to the United States and its allies, three more than originally planned, the world’s largest defense contractor said on Monday. The company was expected to deliver between 133 and 139 jets in 2021. Last year, two new countries – Switzerland and Finland –…
By Nivedita Balu (Reuters) – Apple Inc on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the year’s first trading day. Apple became the first company to reach that milestone and its shares ended higher. Tesla’s shares also…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp’s fourth quarter profit should top Wall Street’s consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said. Credit Suisse, Scotiabank and JPMorgan have raised their fourth quarter earnings estimates following Exxon’s flagging of sharply higher oil and gas operating profit…
By Jane Lanhee Lee and Jody Godoy SAN JOSE, Calif. (Reuters) -A U.S. jury was urged to continue deliberating on Monday after saying in a note it could not agree on a verdict on all of the charges against Theranos founder Elizabeth Holmes, who is accused of fraud connected with the blood testing startup. U.S….
By Stephen Nellis (Reuters) – Is Apple Inc really worth $3 trillion 16 months after becoming the first company valued at $2 trillion? The answer depends on how one views the iPhone maker’s ability to keep up the unprecedented growth of the past 15 years. In its last fiscal year ended Sept. 25, Apple delivered…
(Reuters) – Apple Inc on Monday became the first company in the world to hit $3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse. The company’s shares rose to $182.88 in mid-day trading, a new…
