By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing Co , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. In a Monday regulatory filing describing its U.S.-listed equity investments as of Sept. 30, Berkshire said it owned about 60.1…
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday it has charged S&P Global Ratings with conflict of interest violations. The watchdog said in a statement that S&P Global Ratings had violated conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. (Reporting by Chris Gallagher; editing…
By Laura Sanicola (Reuters) -Oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer. Brent crude futures settled down $2.85, or 3%, at $93.14 a barrel after gaining 1.1%…
WASHINGTON (Reuters) – Boeing Co said operators of its 787 Dreamliner jetliners have experienced paint peeling issues on wing and horizontal stabilizer surfaces due to ultraviolet radiation exposure, and asked regulators to approve its plan to address the issue. The U.S. planemaker’s interim fix involves repeated use of speed tape over affected areas and the…
By Nelson Acosta and Marc Frank HAVANA (Reuters) – Cuba has cut by half its original forecast for growth in 2022, the head of its chamber of commerce said on Monday, as the Caribbean island nation struggles to jumpstart its ailing economy and all-important tourism industry. Cuba’s economy is expected to grow 2% this year,…
LONDON (Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. Some of FTX’s investors have said they are writing their investment down to zero. Other crypto firms may be exposed to FTX by having held tokens on the exchange or by owning…
(Reuters) -Corporate America is making deep cuts to its employee base as part of its restructuring efforts to navigate a potential downturn in the economy from the U.S. Federal Reserve’s war on inflation. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. Here…
By Jane Lanhee Lee (Reuters) – Silicon Valley artificial intelligence (AI) computing startup SambaNova Systems said on Monday it delivered eight units of its latest AI system to the U.S. Argonne National Laboratory, which is expanding its AI offering to researchers. Each of the systems has eight DataScale SN30 chips, launched in September, and triples…
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by StarKist Co, owned by South Korea’s Dongwon Industries, to avoid a lawsuit by tuna buyers accusing it of fixing prices. The justices turned away StarKist’s appeal of a lower court’s decision that let three groups of tuna purchasers receive…
WARSAW (Reuters) – Poland will take over the Polish assets of Gazprom, Rzeczpospolita daily reported on Monday. In September, Poland imposed sanctions on Russia’s Gazprom Export’s and said it’s assets would be frozen. (Reporting by Alan Charlish and Marek Strzelecki)
