Tag Archives: billion

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 13 (Reuters) – Alphabet unit Google (GOOGL.O) will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on behalf of publishers. Google’s adtech has recently drawn scrutiny from antitrust regulators following complaints from publishers. read more The French competition watchdog… Source link

After months of anticipation, Google has completed its $5.4 billion acquisition of Mandiant to merge it with Google Cloud. Google announced completion of the deal on Monday. This widens the scope of Google Cloud’s security services by bringing in Mandiant’s deep threat intelligence resources. Related: Google Cloud Updates Tools for Reporting, Reducing Carbon Emissions On Sept. 9, the Nasdaq issued a statement saying that was the anticipated… Source link

Workers said they worry that tech from Google and Amazon could be used to surveil Palestinians. Richard Nieva Hundreds of Google and Amazon workers on Thursday staged protests around the country to speak out against the two tech giants’ cloud contracts with the Israeli government, fearing the military could use the technology to surveil Palestinians. The demonstration stretched across four U.S. cities — San Francisco, New York, Seattle and Durham, North Carolina — as workers… Source link

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest U.S.-listed, state-owned giants, valued at a collective $318 billion, announced they would exit Wall Street instead, marking an acceleration in the U.S.-China financial decoupling. State insurer China Life Insurance, energy behemoths PetroChina and China Petroleum & Chemical Corporation,… Source link

Alex Kantrowitz Elon Musk appeared to indicate “X.com” could become a Twitter competitor. Musk bought the domain name in 2017 from PayPal as it had “sentimental value.” Twitter is attempting to force Musk to buy the social media company in court for $44 billion. Elon Musk teased a possible Twitter competitor if he isn’t forced to go through with the $44 billion deal. Musk responded to a question on Twitter as to whether he’d launch his own site by simply tweeting “X.com” on Tuesday. The comment… Source link

(Bloomberg) — Elon Musk sold $6.9 billion of his shares in Tesla Inc. the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc. Most Read from Bloomberg “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk tweeted late Tuesday after the sales were disclosed in a series of… Source link

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates and… Source link

By Jonathan Stempel (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates… Source link

Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. The stock plummeted in after-hours trading, down as much as 9%. Here are Warner Bros. Discovery second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: In total, the company said it… Source link

Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from the 120 787 airplanes it currently has in inventory waiting for delivery. “This is a major milestone for the business and unlocks another lever of free cash flow generation,” Liwag wrote in a new note to clients, describing the development as a “positive catalyst” for the stock. Liwag predicted that… Source link