(Reuters) – Activist investor Elliott Investment Management on Tuesday sued Phillips 66 to protect shareholders rights and force the oil refiner to comply with its own charter. The complaint, filed in the Delaware Chancery Court, seeks to have four directors stand for election at the company’s annual meeting this year. The lawsuit comes less than…
BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a ministry statement showed. Wang Wentao, the minister, and Cook exchanged views on topics such as Apple’s business development in China and China-U.S. economic and trade relations, according to the statement….
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this…
By Andrea Shalal, Timothy Gardner and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump on Monday widened his global trade war with 25% secondary tariffs on any country that buys oil or gas from Venezuela, and said he would announce tariffs soon on automobiles, aluminum and pharmaceuticals. Speaking to reporters at the White House,…
TOULOUSE, France (Reuters) -Airbus is in discussions with European nations on new defence and space orders as the continent increases spending and is seeing an improvement in supply chains for its core jetliner business, senior executives said at a company event on Monday. WHY IT’S IMPORTANT European nations are interested in space assets in part…
(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…
