Business News

(Reuters) – Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, …

(Reuters) -Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday. The flagship firm of Indian billionaire …

TOKYO (Reuters) – Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law to allow the change, Kyodo …

(Reuters) – Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric …

By Raphael Satter WASHINGTON (Reuters) -The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say …

By Jody Godoy and Jonathan Stempel (Reuters) – Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla Inc chief executive over …

By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investment firm Starboard Value LP has amassed a sizable stake in Rogers Corp and is seeking seats on the electronics materials company’s …

By Timothy Gardner and Andrea Shalal WASHINGTON (Reuters) – Western economies agreed new price caps on Friday on Russia’s exports of oil products that U.S. Treasury Secretary Janet Yellen said …

BUENOS AIRES (Reuters) – Analysts consulted by Argentina’s central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straight …

(Reuters) – A U.S. jury on Friday found Tesla Inc and CEO Elon Musk not liable in a securities fraud case over a tweet that he had lined up funding …

By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian (Reuters) – Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve …

By David Shepardson WASHINGTON (Reuters) -Southwest Airlines Chief Operating Officer Andrew Watterson will testify on Feb. 9 before the U.S. Senate Commerce Committee after a holiday meltdown forced the budget …

By David Shepardson WASHINGTON (Reuters) -Honda Motor Co on Friday issued a “Do Not Drive” warning for 8,200 Acura and Honda vehicles with unrepaired Takata air bag inflators in the …

NEW YORK (Reuters) -Bank of America Corp reduced compensation for Chief Executive Officer Brian Moynihan by roughly 6% to $30 million for 2022, the lender said in a filing on …

By Blake Brittain (Reuters) – Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED …

MANILA (Reuters) – The Philippine central bank will focus on inflation rather than the Federal Reserve’s recent policy action when it meets on Feb. 16 to review key interest rates, …

By Mike Scarcella (Reuters) – A private lawsuit filed in California on Thursday seeks to stop Kroger Co’s planned $25 billion purchase of rival Albertsons Companies Inc, a deal that …

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong …

LONDON (Reuters) – Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday. …

(Corrects to make Alvarez & Marsal a consultancy firm, rather than a law firm, in 11th paragraph) By Elvira Pollina and Martin Coulter MILAN/LONDON (Reuters) – Italy’s Data Protection Agency …

(Reuters) -The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. …

By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy …

By Ann Saphir (Reuters) – The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to squeeze too-high inflation out of …

By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – EU industry chief Thierry Breton has said new proposed artificial intelligence rules will aim to tackle concerns about the risks …