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

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

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

Biden seeks huge $ 33 billion funding to support Ukraine

WASHINGTON, April 28 (Reuters) – President Joe Biden asked Congress for $ 33 billion to support Ukraine – a dramatic escalation of US funding for the war with Russia – and for new tools to siphon assets from Russian oligarchs. The vast funding request includes over $ 20 billion for weapons, ammunition and other military … 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

Russia hit with new round of US sanctions as Biden decries ‘major war crimes’

WASHINGTON, April 6 (Reuters) – The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as “major war crimes” by Russian forces in Ukraine. The new sanctions hit Sberbank (SBER.MM), which holds one-third of … Read more

US stops Russian bond payments, raising risk of default

FILE PHOTO: A view shows a Russian ruble coin and a US dollar banknote in this picture illustration taken October 26, 2018. REUTERS / Maxim Shemetov / File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK / WASHINGTON, April 5 (Reuters) – The United States stopped the Russian government on Monday … Read more

Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

Stake valued at about $ 3 billion Twitter shares surge 27% to close at $ 49.97 Strong response to Musk poll on edit button April 4 (Reuters) – Tesla Inc (TSLA.O) boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $ 3 billion, making him the micro-blogging site’s largest … Read more

Asia deals slide in Q1, hit by deteriorating business outlook

High-rise buildings are seen at the Shinjuku business district during sunset in Tokyo, Japan, March 7, 2017. Picture taken March 7, 2017. REUTERS / Toru Hanai Register now for FREE unlimited access to Reuters.com Register SYDNEY / SINGAPORE, April 1 (Reuters) – Asia deal volume tumbled in the first quarter and dealmakers do not expect … Read more

Fed will raise rates more aggressively if needed, Powell says

US Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams / Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 21 (Reuters) – Federal Reserve Chair Jerome Powell on Monday delivered … Read more