Charlie Munger, who was Warren Buffett’s right-hand man at Berkshire, dies at 99

November 29, 2023

Nov 28 (Reuters) – Warren Buffett’s trusted confidante Charlie Munger died on Tuesday at age 99, leaving a void at Berkshire Hathaway (BRKa.N) that investors said would be impossible to fill despite the conglomerate’s well-established succession plan. Berkshire said Munger died peacefully at a hospital in California, where he lived. No cause was given. Munger …

Sean ‘Diddy’ Combs accused of sex trafficking, rape of singer Cassie

November 18, 2023

Sean Combs arrives at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of “Heavenly Bodies: Fashion and the Catholic Imagination” in the Manhattan borough of New York, U.S., May 7, 2018. REUTERS/Eduardo Munoz/File Photo Acquire Licensing Rights LOS ANGELES, Nov 16 (Reuters) – R&B vocalist Cassandra Ventura sued Sean …

WeWork shares sink to record low on reports bankruptcy filing imminent

November 3, 2023

A sign marks a WeWork location in Boston, Massachusetts, U.S., August 14, 2023. REUTERS/Brian Snyder Acquire Licensing Rights Nov 1 (Reuters) – WeWork (WE.N) shares tanked nearly 50% to a record low on Wednesday following media reports that the flexible workspace provider was planning to file for bankruptcy as early as next week. The New …

Google-parent Alphabet’s cloud division misses revenue estimates, as Microsoft’s cloud booms

October 26, 2023

Oct 24 (Reuters) – Google-parent Alphabet’s (GOOGL.O) cloud business crawled to its slowest in at least 11 quarters, sending the company’s stock down 5.7% after hours, even as sales at rival Microsoft’s (MSFT.O) cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors …

Rite Aid files for bankruptcy faced with high debt, opioid lawsuits

October 17, 2023

Oct 16 (Reuters) – Debt-laden U.S. drugstore chain Rite Aid (RAD.N) filed for bankruptcy protection late on Sunday and said it would close underperforming stores, sell its pharmacy benefit company Elixir and resolve lawsuits over its sale of addictive opioid medications. Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, …

Cisco to buy cybersecurity firm Splunk for $28 billion

September 22, 2023

Sept 21 (Reuters) – Cisco Systems (CSCO.O) on Thursday agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence. The deal, which is the biggest technology transaction of the year, will help reduce Cisco’s reliance on its …

Instacart stock subdued as debut enthusiasm loses steam

September 21, 2023

Instacart employee Eric Cohn, 34, navigates a Safeway grocery store while preparing a delivery order while wearing a respirator mask to help protect himself and slow the spread of the coronavirus disease (COVID-19) in Tucson, Arizona, U.S., April 4, 2020. Picture taken April 4, 2020. REUTERS/Cheney Orr/File Photo Acquire Licensing Rights Sept 20 (Reuters) – …

Tesla releases refreshed Model 3 with longer driving range in China

September 2, 2023

SHANGHAI/SAN FRANCISCO, Sept 1 (Reuters) – Tesla (TSLA.O) shares fell nearly 6% on Friday after the electric automaker unveiled a restyled, China-made Model 3 with a higher price, while slashing prices of its premium vehicles and its “Full Self-Driving” (FSD) software. The launch of the new Model 3 sedan marks the first time the automaker …

Nvidia’s $25 billion buyback plan, results lift stock to record high

August 25, 2023

A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing Rights Aug 24 (Reuters) – Shares of Nvidia (NVDA.O) rose as much as 6.7% on Thursday, hitting an all-time high, after the company unveiled a $25 billion stock buyback …

Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker

August 18, 2023

[1/5]The new 2025 Ford Mustang GTD, a $300,000 limited-edition performance car, is shown in this undated company handout photo released to Reuters on August 17, 2023. Ford Motor Company/Handout via REUTERS Acquire Licensing Rights Aug 17 (Reuters) – Ford Motor (F.N) is joining rival General Motors in the U.S. supercar ranks with the launch of …