By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s first opened for business in…
Category: Business
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Reckitt unit hit with $60 million verdict in Enfamil baby formula case in Illinois
By Brendan Pierson (Reuters) – An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson…
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Reckitt to challenge $60 million baby formula verdict, shares sink
(Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60…
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Buffett’s Berkshire boosts CEO-designate Abel’s pay to $20 million
By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated…
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Reddit receives FTC inquiry on AI-related deals ahead of IPO
(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused…
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Goldman bumps up 2023 pay for top three executives
NEW YORK (Reuters) -The pay of Goldman Sachs’ top three executives jumped by an average…
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Apple reaches $490 million settlement over CEO Cook’s China sales comments
By Jonathan Stempel (Reuters) -Apple agreed to pay $490 million to settle a class-action lawsuit…
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Adobe shares fall as downbeat forecast fans worries about competition, AI efforts
(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about…
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Microsoft singles out Google’s competitive edge in generative AI
(This March 14 story has been corrected to say 15 million euros and not 15…
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Intel signs Microsoft as foundry customer, says on track to overtake TSMC
By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans…