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Category: Business

Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit
Business

Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit

By Mike Scarcella (Reuters) – Pfizer has agreed to pay $93 million to settle antitrust claims by wholesale drug distributors…

February 15, 2024February 15, 2024
Lucid slashes prices of Air luxury EVs again to spur demand
Business

Lucid slashes prices of Air luxury EVs again to spur demand

(Reuters) -Electric-vehicle maker Lucid Group lowered prices of its flagship Air luxury sedans by 1% to 10% on Thursday, in…

February 15, 2024February 15, 2024
Wall Street ends higher, lifted by Uber, Lyft and Nvidia
Business

Wall Street ends higher, lifted by Uber, Lyft and Nvidia

By Noel Randewich and Johann M Cherian (Reuters) -Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and…

February 14, 2024February 14, 2024
Nvidia replaces Alphabet as Wall St’s third most valuable company
Business

Nvidia replaces Alphabet as Wall St’s third most valuable company

By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking…

February 14, 2024February 14, 2024
NYCB shares drop as rate worries add to CRE exposure risk
Business

NYCB shares drop as rate worries add to CRE exposure risk

By Niket Nishant (Reuters) -New York Community Bancorp shares fell nearly 4% after inflation data on Tuesday on investor worries…

February 13, 2024February 13, 2024
Boeing, pressured over 737 MAX 9 blowout, says January deliveries shrank 29%
Business

Boeing, pressured over 737 MAX 9 blowout, says January deliveries shrank 29%

By Valerie Insinna WASHINGTON (Reuters) – Boeing said on Tuesday it delivered 27 airplanes in January, which was down 29%…

February 13, 2024February 13, 2024
Uber, Lyft, DoorDash drivers to strike on Valentine’s Day for fair pay
Business

Uber, Lyft, DoorDash drivers to strike on Valentine’s Day for fair pay

By Akash Sriram (Reuters) -Thousands of drivers for ride-sharing platforms Uber, Lyft and food delivery app DoorDash are expected to…

February 13, 2024February 13, 2024
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Business

AI frenzy puts Nvidia briefly ahead of Amazon in market value

(Reuters) -Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday, as the euphoria around artificial intelligence catapulted the chipmaker…

February 12, 2024February 12, 2024
Build-A-Bear, maker of Warren Buffett’s Squishmallows face off in court
Business

Build-A-Bear, maker of Warren Buffett’s Squishmallows face off in court

By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the…

February 12, 2024February 12, 2024
Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News
Business

Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News

(Reuters) -Tesla managers have been asked whether each of their employees’ positions were critical, stoking layoff fears in the company,…

February 8, 2024February 8, 2024

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