FTX gets approval for LedgerX sale, asserts $3.9 billion Genesis claim
By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX…
Business
Berkshire director: Buffett CEO heir an ideal fit, but changeover not imminent
By Jonathan Stempel OMAHA, Nebraska (Reuters) – One of Berkshire Hathaway Inc’s longest-serving directors said Greg Abel has the ability…
Canada’s Magna raises profit forecast as global auto production improves
By Raechel Thankam Job (Reuters) -Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting…
EOG Resources may delay some Dorado gas wells in Texas due to low prices
DENVER (Reuters) – U.S. shale producer EOG Resources on Friday said it may delay some well completions in its Dorado…
Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia’s grid
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) -Italy’s Treasury is ready to back a joint purchase proposal for Telecom…
Google, Sonos head to trial in contentious smart speaker patent fight
By Blake Brittain (Reuters) – Sonos Inc and Alphabet’s Google LLC will face off in a San Francisco federal trial…
AMC positive about box office recovery as ‘Ant-Man’ lifts quarter
By Tiyashi Datta (Reuters) -AMC Entertainment Holdings Inc on Friday provided an upbeat assessment of box office recovery this year,…
PBF Energy boosts buyback plan, beats Q1 on robust margins
By Sourasis Bose (Reuters) -PBF Energy Inc boosted its share buyback authorization to $1 billion after soaring margins helped the…
Air Canada raises full-year core profit outlook on strong demand
(Reuters) -Air Canada on Thursday raised its full-year forecast for core profit, citing a stronger-than-anticipated demand environment and lower-than-expected fuel…
Apple stakes future growth on emerging markets, starting with India
By Stephen Nellis (Reuters) -When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump…