Tesla investors lose bid for new US trial over Musk’s 2018 tweets
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk…
Business
Cummins posts quarterly profit beat on strong demand for power products from data centers
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from…
Moderna CEO Bancel steps down as sales chief, Bloomberg News reports
(Reuters) -Vaccine maker Moderna’s chief executive officer Stephane Bancel will vacate his role as the company’s chief commercial officer, Bloomberg…
Super Micro says cannot predict timing of annual filing; shares down
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its…
US green power demand expected to grow regardless of election outcome
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of…
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their…
Novartis CEO ‘very confident’ on sales target, doesn’t fear patent cliff – newspaper
ZURICH (Reuters) – Novartis expects to increase its annual sales by least 5% per year in the coming years, CEO…
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion
(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services,…
AT&T announces $1 billion fiber deal with Corning
(Reuters) – AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable,…
JPMorgan CEO Jamie Dimon says ‘it’s time to fight back’ on regulation
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory…