Musk told banks he will rein in Twitter pay, make money from tweets

April 29 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with … Read more

Man accused of tackling comic Dave Chappelle on stage is charged with assault

LOS ANGELES, May 4 (Reuters) – The man accused of tackling comedian Dave Chappelle to the stage floor during a performance at the Hollywood Bowl in Los Angeles was charged on Wednesday with felony assault with a deadly weapon. The attack on Chappelle, 48, occurred Tuesday night during a sold-out appearance by the Emmy-winning entertainer … Read more

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

OMAHA, Neb., April 30 (Reuters) – Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc (BRKa.N) to reveal major new investments including a larger stake in Activision Blizzard Inc (ATVI.O), while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in … Read more

Wall Street closes sharply lower on Amazon slump, inflation worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Register Amazon tumbles after results and outlook fall short Apple slips after flagging supply problems Monthly inflation surged by the … Read more

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion … Read more

Factbox: Companies sell their businesses in Russia

A woman entries to a Polish fashion retailer LPP brand Reserved shop in Warsaw, Poland, September 4, 2020. REUTERS / Kacper Pempel / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers … Read more

Alphabet misses on revenue as YouTube ad business slowed by Ukraine war

April 26 (Reuters) – Google parent Alphabet Inc (GOOGL.O) on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the … Read more

US business spending on equipment strong; house prices push higher

Core capital goods orders increase 1.0% in March Durable goods orders rebound 0.8% Consumer confidence dips in April New home sales drop 8.6% in March; house prices surge WASHINGTON, April 26 (Reuters) – New orders for US-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Florida governor signs bill stripping Disney of self-governing authority

April 22 (Reuters) – Florida Governor Ron DeSantis on Friday signed a bill that strips Walt Disney Co (DIS.N) of self-governing authority at its Orlando-area parks in retaliation for its opposition to a new law that limits the teaching of LGBTQ issues in schools. The Republican-controlled legislature on Thursday approved the bill, which will eliminate … Read more