(Reuters) -U.S. Steel Corp said in a regulatory filing on Friday that the acquisition by Nippon Steel is expected to close later this year. The filing with exchanges comes at a time when the Japanese firm’s $14.9-billion deal to buy the iconic 122-year-old U.S. steelmaker faces heightened scrutiny due to national security concerns. U.S. President…
By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder proposals, including that Berkshire disclose more about its plans to reduce greenhouse gases and improve…
(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this…
(Reuters) – (This March 14 story has been corrected to say third approval for treatment, not second approval, in paragraph 1, and to say the initial approval was in February 2021, not June 2022, in paragraph 2. Both errors were there in a previous version of the story) The U.S. Food and Drug Administration on…
By Joe Skipper, Steve Gorman and Joey Roulette BOCA CHICA, Texas (Reuters) -SpaceX’s Starship rocket, designed to eventually send astronauts to the moon and beyond, completed nearly an entire test flight through space on its third try on Thursday, getting farther than ever before, but disintegrated on its return to Earth. During a webcast of…
By Medha Singh and Hannah Lang (Reuters) -MicroStrategy is planning to raise capital through convertible bonds offering to buy bitcoin for the second time in less than 10 days, as the aggressive crypto investor looks to increase its exposure to the booming cryptocurrency. The software firm said after markets closed on Wednesday that it was…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday ordered the arrest of William Cameron Morton, a hedge fund manager who allegedly helped Indian education technology startup Byju’s hide $533 million from its lenders. Byju’s Alpha, a subsidiary controlled by Byju’s lenders, filed for U.S. bankruptcy in February after the Bangalore-based…
By Greg Bensinger (Reuters) – Amazon.com’s self-driving car unit, Zoox, is seeking to stay abreast of rival Waymo by expanding its vehicles’ testing in California and Nevada to include a wider area, higher speeds and nighttime driving. The changes, announced on Thursday, apply to Zoox’s fleet of vehicles that it designed and built itself. Those…
By Brendan Pierson (Reuters) – UnitedHealth Group has already been hit with at least six class action lawsuits accusing it of failing to protect millions of people’s personal data from last month’s hack of Change Healthcare, its payment processing unit, with more lawsuits likely to come. In a motion filed late on Tuesday in Washington,…
By Iain Withers CANNES, France (Reuters) – Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further to run. Prices of U.S. offices and other commercial properties have fallen sharply…
