By Sheila Dang and Diane Bartz (Reuters) -A landmark lawsuit by the U.S. Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites[...]
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January 26, 2023
ADM’s earnings top forecasts on strong crush margins, buoyant demand
By Karl Plume CHICAGO (Reuters) -Archer-Daniels-Midland Co on Thursday said robust soy crushing margins and hefty global demand for crops had propelled the U.S. grains merchant to a record fourth-quar[...]
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Industry body clarifies what happens when crypto derivatives crash
By Huw Jones LONDON (Reuters) – An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownershi[...]
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Sony’s gaming chief met EU’s Vestager on Microsoft’s Activision deal -source
By Foo Yun Chee BRUSSELS (Reuters) – Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s $69 billion bid for “Call of Dut[...]
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With eyes on FTX bankruptcy, U.S. regulator seeks more due diligence authority
By Chris Prentice and Michelle Price NEW YORK (Reuters) – A top official with the U.S. Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig into[...]
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Lexus chief to take over Toyota as founder’s grandson steps down
By Makiko Yamazaki and Kevin Krolicki TOKYO (Reuters) – Toyota’s chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday, handing over[...]
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U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks
(Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on oil companies’ stock buybacks after Chevron Corp announced it would tripl[...]
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BofA promotes 360 employees to managing directors in diversity push – source
(Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, a source familiar with the matter told Reute[...]
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LVMH’s Arnault brushes off succession question
PARIS (Reuters) – Bernard Arnault, the boss of luxury giant LVMH and the world’s richest man, brushed away questions about his succession with a joke on Thursday. The 73-year old earlier t[...]
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