By Akash Sriram, Harshita Mary Varghese and Joey Roulette (Reuters) -Shares of moon lander maker Intuitive Machines tumbled 30% in extended trade, wiping out a Friday rally after the company said its spacecraft had tipped over shortly after touching down on the lunar surface a day earlier. The stock of the first private company to…
By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an issue it did not specify. The No. 2 U.S. automaker said the shipment halt began on Feb. 9. It did not say when it…
(Reuters) – Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday. Schwarzman reaped over $1.26 billion in pay and dividends for 2022, including more than $1 billion in dividends from his shares…
By David Shepardson WASHINGTON (Reuters) -Delta Air Lines on Friday urged the U.S. government to allow the carrier to continue its partnership with Aeromexico, saying that otherwise it would likely have to cancel nearly two dozen routes. The U.S. Transportation Department (USDOT) said last month it had tentatively decided not to renew Delta’s antitrust immunity…
By Deena Beasley (Reuters) – Pharmaceutical companies last year launched new U.S. drugs at prices 35% higher than in 2022, reflecting in part the industry’s embrace of expensive therapies for rare diseases like muscular dystrophy, a Reuters analysis found. The median annual list price for a new drug was $300,000 in 2023, according to…
By Jonathan Stempel NEW YORK (Reuters) -Donald Trump was formally ordered by a New York judge to pay $454.2 million after being found liable for manipulating his net worth, in a civil fraud case brought by New York state’s attorney general. The payment includes the $354.9 million penalty that Justice Arthur Engoron of the state…
By Daphne Psaledakis, David Brunnstrom and Timothy Gardner WASHINGTON (Reuters) -The United States on Friday imposed extensive sanctions against Russia, targeting more than 500 people and entities to mark the second anniversary of Moscow’s invasion of Ukraine and retaliate for the death of Russian opposition leader Alexei Navalny. President Joe Biden said the measures aim…
(Reuters) -Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on content generation. Shares of the company, forged by the union of WarnerMedia and Discovery, tumbled nearly 12%, even as it beat Disney and Paramount to an…
(Reuters) -AngloGold Ashanti on Friday posted a 3% drop in 2023 output, weighed down by production slippages at key mines in Tanzania, Guinea and Ghana. Gold production for the year ended Dec. 31 fell to 2.593 million ounces from 2.672 million, it said in its full-year results, with the decline due mainly to lower ore…
By Divya Rajagopal and Seher Dareen (Reuters) -Newmont Corp intends to divest eight non-core assets and trim its workforce to cut debt following its $17.14 billion purchase of Newcrest, the world’s largest gold miner said on Thursday, as the company beat quarterly profit estimates. Still, shares fell 7% with analysts highlighting a big impairment charge…
