(Reuters) – CoverGirl parent Coty said on Friday it would sell its 20% stake in reality TV star Kim Kardashian’s beauty brand to her clothing line, SKIMS, consolidating the two businesses under a single brand. Coty, which acquired a stake in Kardashian’s beauty business, SKKN, in 2021, said it would use the proceeds from the…
By Anna Tong, Krystal Hu and Kenrick Cai (Reuters) – Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters. This capital…
BERLIN (Reuters) -Bayer was ordered by a jury in the U.S. state of Georgia to pay about $2.1 billion to a plaintiff who claimed the company’s Roundup weed killer caused his cancer, the plaintiff’s law firms said late on Friday. The verdict, which Bayer said on Saturday it would appeal, is one of the largest…
(Reuters) -U.S. oil major Chevron said on Friday its Chairman and Chief Executive Officer Michael Wirth was paid $32.7 million in 2024, according to a filing with the Securities and Exchange Commission. The total compensation received by Wirth represents a 23.4% increase from the prior year. However, the median annual compensation for Chevron employees, in…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Late push lifts Nasdaq to first gain in 5 weeks Many of the world’s major central banks sent a strong message this week that the uncertainty caused by U.S. President Donald Trump’s trade wars is weighing on growth, stoking inflation, and dramatically reducing visibility on the…
By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations. Among the participants of the roundtable were John Reed Stark, former chief of…
By Phil Stewart, Idrees Ali and Nandita Bose WASHINGTON (Reuters) -Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit. Musk, who is making sweeping cuts…
By Nora Eckert and Kalea Hall DETROIT (Reuters) -Jeep-maker Stellantis is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024. The automaker on Friday confirmed that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois….
(Reuters) -StubHub’s 2024 revenue surged 29.5%, the online ticketing marketplace reported on Friday in its paperwork for its New York initial public offering. A handful of companies are moving ahead with stock market listings despite volatility in recent weeks due to uncertainty around U.S. trade policy. Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among…
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials. The scheme will not be expanded…
