Microsoft approves new $60 billion share buyback program
(Reuters) -Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.…
Category: Business
Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to…
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion
(Reuters) -U.S. aluminium maker Alcoa said on Sunday that it would sell a 25.1% stake in its Ma’aden joint venture…
Amazon to increase investment in its DSP program by $2.1 billion
(Reuters) -Amazon.com said on Thursday it will increase the compensation to its Delivery Service Partners (DSP) through a $660 million…
OpenAI in talks to raise funds at $150 billion valuation, Bloomberg News reports
(Reuters) -AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on…
US SEC approves new audit quality benchmarks over Republican objections
(Reuters) – Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency,…
Siemens investing $60 million on high-speed train plant in upstate New York
ZURICH (Reuters) – Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk…
Losses from crypto scams grew 45% in 2023, FBI says
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than…
Coinbase must face shareholder lawsuit over SEC risks
By Jonathan Stempel (Reuters) – A federal judge rejected Coinbase’s bid to dismiss a proposed class action by shareholders who…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via…