(Reuters) – Warren Buffett’s Berkshire Hathaway and Pilot on Sunday said they had reached an agreement to settle a Delaware lawsuit and resolve a dispute over the valuation of billionaire[...]
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January 8, 2024
Court cancels Warren Buffett, Jimmy Haslam trial over Pilot
By Tom Hals WILMINGTON, Delaware (Reuters) – An unusual, billion-dollar trial between Warren Buffett’s Berkshire Hathaway and the billionaire Haslam family was canceled by the court on Sat[...]
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Merck to buy Harpoon Therapeutics for $680 million
(Reuters) -Merck & Co said on Monday it would buy cancer drug developer Harpoon Therapeutics for about $680 million, reinforcing its oncology portfolio with immunotherapies. The U.S. drugmaker has[...]
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UAW strikes tentative deal with auto parts maker Allison Transmission
-The United Auto Workers (UAW) union has reached agreement with auto parts maker Allison Transmission Holdings Inc on a tentative deal covering 1,500 workers in Indianapolis, the labor group said on F[...]
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US Supreme Court rejects X Corp’s surveillance disclosure challenge
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday rejected a request by Elon Musk’s X Corp to consider whether the social media company, formerly called Twitter, can publicly disclose[...]
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Bank of America to take non-cash charge of $1.6 billion in Q4 after cessation of a loan index
(Reuters) – Bank of America will take a charge of about $1.6 billion in the fourth quarter as it phases out the use of a Bloomberg interest rate benchmark. The non-cash and pre-tax earnings char[...]
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Exclusive-China closes local government offshore financing loophole -sources
SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four s[...]
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Hedge funds dump tech, consumer stocks at start of year, banks say
By Nell Mackenzie LONDON (Reuters) – Global hedge funds last week sold tech shares for a third week running as managers chased falls in the S&P 500 index and cut exposure to big tech stocks,[...]
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Retailer Douglas plans Q1 listing in new test for European IPOs – sources
By Matthias Inverardi and Pablo Mayo Cerqueiro DUSSELDORF/LONDON (Reuters) – German perfume retailer Douglas is considering going public in the first quarter of the year, people familiar with th[...]
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