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05/05/2024

Berkshire shareholders reject climate, diversity, China proposals


Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed.


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Google trial wraps up as judge weighs landmark US antitrust claims


Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet.”


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US ends Tesla rear-view camera investigation after 2021 recall


The U.S. National Highway Traffic Safety Administration said on Friday it has closed a long-running investigation into the loss of rear-view camera images in nearly 160,000 of Tesla's Model X and Model S vehicles.


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22/04/2024

Tesla cuts prices in China, Germany and around globe after US cuts


Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs.


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Asking prices for UK homes close to record high, Rightmove says


Prices of homes being sold in Britain are close to their record highs after the biggest annual increase in a year, according to an industry survey that suggested the momentum in the housing market of early 2024 extended into April.


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Nike to lay off 740 employees at Oregon headquarters


Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025.


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14/04/2024

Apple denies violating US court order in Epic Games lawsuit


IPhone maker Apple on Friday denied violating a court order governing its App Store and urged a California federal judge to reject a request by “Fortnite” developer Epic Games to hold it in contempt.


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Tesla cuts Full Self-Driving subscription prices in US, Canada


​Elon Musk's Tesla said on Friday it has cut prices of its Full Self-Driving(FSD) subscriptions in the United STates and Canada, as it seeks to drive adoption amid softening demand and price competition.


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Hedge fund Barington urges Paramount to scrap talks with Skydance


Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all shareholders would benefit if the company looked at other potential bidders.


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09/04/2024

US will not accept Chinese imports decimating new industries


U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports, as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity.


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