(Reuters) -The Los Angeles Times plans to lay off 94 journalists who belong to the newspaper’s union, the head of the union said on Tuesday, adding to a string of job cuts that have swept the me[...]
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January 23, 2024
Berkshire’s PacifiCorp ordered to pay at least $62 million to homeowners for 2020 Oregon wildfire damage
By Clark Mindock (Reuters) -An Oregon state jury on Tuesday ordered PacifiCorp, an Oregon electric utility owned by billionaire Warren Buffett’s Berkshire Hathaway, to pay at least $62 million t[...]
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Chipmaker TI forecasts earnings below estimates as automotive demand sputters
(Reuters) -Chipmaker Texas Instruments forecast first-quarter revenue and profit below market estimates on Tuesday, as early signs of weakness in the automotive sector add to worries over a persistent[...]
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Boeing CEO to meet with senators scrutinizing 737 MAX 9 blowout
By Rajesh Kumar Singh, David Shepardson and Tim Hepher WASHINGTON (Reuters) -Boeing CEO Dave Calhoun will meet this week with U.S. senators to answer questions about the 737 MAX 9 grounding, as execut[...]
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Martin Shkreli’s lifetime drug industry ban upheld
By Jonathan Stempel NEW YORK (Reuters) -Martin Shkreli, known for once hiking the price of a life-saving drug more than 4,000%, cannot return to the pharmaceutical industry after a federal appeals cou[...]
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Boeing to pause 737 production for quality stand down on Thursday
WASHINGTON (Reuters) -Boeing will hold a quality stand down Thursday at the Seattle-area location where it makes 737 aircraft, pausing production and delivery operations for a day, the company announc[...]
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Morgan Stanley Direct Lending Fund raises $103.35 million in IPO
(Reuters) – Morgan Stanley Direct Lending Fund said on Tuesday it had raised $103.35 million in its initial public offering. The fund chiefly invests in riskier bonds, like those issued by middl[...]
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Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets
(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as we[...]
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Exclusive-Trian’s big Disney bet drove fund’s 2023 underperformance – source
By Svea Herbst-Bayliss (Reuters) – A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperforman[...]
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