By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Nike’s bid to overturn a U.S. Patent Office tribunal’s decision to cancel part of a shoe patent in the American footwear company’s now-settled dispute with German rival Adidas. The justices turned away up Oregon-based Nike’s appeal of a lower court’s…
By Julie Zhu, Valentina Za, Scott Murdoch and Amy-Jo Crowley HONG KONG/LONDON (Reuters) -Credit Suisse Group AG’s dealmakers, hoping to secure jobs after UBS Group AG’s rescue takeover, are struggling to dispel fears about a culture clash and many will be disappointed, sources familiar with the talks told Reuters. UBS bankers over recent weeks have…
(Reuters) -Meta Platforms is set to roll out the web version on its new text-first social media platform Threads, hoping to gain an edge over X, formerly Twitter, as the initial surge in users waned. The widely anticipated web version will make Threads more useful for power users like brands, company accounts, advertisers and journalists….
HELSINKI (Reuters) – Elevator maker Kone reported slightly weaker-than-expected fourth-quarter core earnings on Wednesday, burdened by global supply chain distruptions. The Finnish company gave a new estimate for its 2022 profits, expecting its adjusted operating income to be in the range of 1.18-1.33 billion euros ($1.33-$1.50 billion), slightly down from 1.31 billion in full-year 2021….
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar lurched lower on Monday, stepping back from a 1-1/2 year high tested on Friday, as hawkish comments over the weekend by a Federal Reserve official sent the U.S. yield curve to its flattest levels in three months. While the Fed has clearly telegraphed a March interest…
BEIJING (Reuters) – China’s economy has high resilience, sufficient potential and room for manoeuvre, President Xi Jinping said on Sunday, during a ceremony where China unveiled the new members of its highest political body, the Politburo Standing Committee. China will open its doors even wider, Xi also said to dozens of journalists packed into a…
(Reuters) -Cryptocurrency exchange FTX stood on the brink of failure on Friday after a bailout from larger rival Binance collapsed and the chances of other rescue funding looked slim. Chief executive Sam Bankman-Fried said he was exploring all options for his firm. Here is a history of FTX since its foundation in 2019: 2019: May…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq moved lower on Monday as investors digested Friday’s employment report and prepared for an eventful week of inflation data and bank earnings. Megacap momentum stocks hit the tech-heavy Nasdaq hardest, while industrials helped boost the blue-chip Dow into green territory. All three…
PARIS (Reuters) – McKinsey’s French arm will pay all taxes that it should pay, the spokesman for the French government Gabriel Attal said on Wednesday, after France’s national financial prosecution office launched a tax fraud probe linked to consulting firms. The use of private consultants by the government of President Emmanuel Macron, who has lost…
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it more than tripled its stake in the online banking company Ally Financial Inc, while shedding its stakes in Verizon Communications Inc and Royalty Pharma Plc, which buys drug royalties. The changes were described in a regulatory filing describing Berkshire’s U.S.-listed equity investments as of…
