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Jury finds Musk liable to Twitter shareholders over $44 billion takeover, court records show
March 20 - u.s. Jury finds elon musk liable to twitter shareholders in securities fraud lawsuit related to $44 billion takeover, court records showJury says musk defrauded twitter shareholders through two statements about the prevalence of bots on twitter's platformReuters
Fri, Mar 20
Mexico's Femsa cuts workers at Spin fintech division
MEXICO CITY, March 20 (Reuters) - Mexican retailer and bottler Femsa said on Friday it is laying off workers in its fintech unit Spin, which launched a digital wallet app for payments and financial transactions in 2021.Femsa did not disclose the number of positions that it is eliminating, but a spok...Reuters
Fri, Mar 20
EXCLUSIVE-Pentagon to adopt Palantir AI as core US military system, memo says
Letter emphasizes Palantir's AI as cornerstone of Pentagon strategyPalantir's Maven uses AI to help identify targets for strikesMaking Maven program of record would secure long-term funding for PalantirBy David Jeans NEW YORK, March 20 (Reuters) - Palantir’s PLTR.O Maven artificial intell...Reuters
Fri, Mar 20
CORRECTED-EXCLUSIVE-Amazon plans smartphone comeback more than a decade after Fire Phone flop
Amazon's new phone project codenamed 'Transformer'Focus on AI integration, Alexa features, and mobile personalizationLed by Amazon's ZeroOne group, inspired by minimalist Light PhoneBy Greg Bensinger SAN FRANCISCO, March 20 (Reuters) - In 2014, Amazon AMZN.O introduced its first s...Reuters
Fri, Mar 20
United CEO Kirby Says Our Plans Assume Oil Goes To $175/Barrel Until The End Of 2027
March 20 (Reuters) - United Airlines Holdings Inc UAL.O:UNITED CEO KIRBY: OUR PLANS ASSUME OIL GOES TO $175/BARREL AND DOESN'T GET BACK DOWN TO $100/BARREL UNTIL THE END OF 2027UNITED CEO KIRBY: CONTINUE TO TAKE DELIVERY OF ABOUT 120 NEW AIRCRAFT THIS YEAR, INCLUDING 20 NEW 787S, AND WILL TAKE ...Reuters
Fri, Mar 20
Basketball-WNBA, players union reach deal on landmark seven-year CBA
March 20 (Reuters) - The Women's National Basketball Association Union announced on Friday it has reached a tentative agreement on a collective bargaining deal that will introduce the first revenue-sharing model in women's professional sports history.The seven-year agreement, which runs from...Reuters
Fri, Mar 20
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover
Jury finds Musk liable for two statements over Twitter botsShareholders' lawyer says damages could reach billions of dollarsMusk plans appeal, lawyers call verdict a bump in the roadBy Abhirup Roy and Jonathan Stempel SAN FRANCISCO, March 20 (Reuters) - A U.S. federal jury found Elon Musk lia...Reuters
Fri, Mar 20
Soccer-Carrick fumes over penalty decisions as Man United held by Bournemouth
BOURNEMOUTH, England, March 20 (Reuters) - Manchester United manager Michael Carrick slammed the officiating in his side's 2-2 draw with Bournemouth after his team were denied a penalty, only to concede one in similar circumstances and have defender Harry Maguire sent off. With United leading 2-...Reuters
Fri, Mar 20
Mexico's Femsa confirms layoffs at fintech division Spin, spokesperson says
MEXICO CITY, March 20 (Reuters) - Mexican retailer and bottler Femsa said on Friday it is conducting layoffs at its fintech unit Spin. The move is part of a new phase aimed at aligning the business with its Oxxo convenience store chain, a spokesperson told Reuters.Reuters
Fri, Mar 20
Tennis-Japan's Sakamoto claims maiden ATP win as teenage talent shines in Miami
March 20 (Reuters) - Rei Sakamoto became the latest teenager to make an impact at the Miami Open on Friday, claiming his first ATP Tour victory as five young players reached the second round of the Masters 1000 event for the first time in 19 years.The 19-year-old Japanese wildcard beat Aleksandar Ko...Reuters
Fri, Mar 20
Blackstone's flagship private credit fund posts first monthly loss in over three years
March 20 (Reuters) - Blackstone's BX.N flagship private credit fund posted its first monthly loss in more than three years in February, the fund's website showed on Friday, amid surging investor worries over the sector's liquidity strains. The fund, BCRED, reported a total loss of 0.4% i...Reuters
Fri, Mar 20
Soccer-Maguire sees red as Man United held to 2-2 draw at Bournemouth
Maguire red card pivotal in 2-2 drawFernandes scores, assists but frustrated by drawBournemouth equalise twice, Kroupi scores decisive penaltyBOURNEMOUTH, England, March 20 (Reuters) - Manchester United defender Harry Maguire was shown a red card for conceding the penalty that led to Bournemouth gra...Reuters
Fri, Mar 20
Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover, Bloomberg says
SAN FRANCISCO, March 20 (Reuters) - A federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company's stock price so he could renegotiate or back out of a $44 billion takeover in 2022, Bloomberg News reported on Friday.Damages wi...Reuters
Fri, Mar 20
Kraft Heinz Canada To Invest C$250 Mln To Modernize Its Mont Royal Factory
March 20 (Reuters) - Kraft Heinz Co KHC.O:KRAFT HEINZ CANADA: TO INVEST C$250 MILLION TO MODERNIZE ITS MONT ROYAL FACTORY IN MONTREALKRAFT HEINZ CANADA: UNDER INVESTMENT, WILL WORK TO INTRODUCE NEW PRODUCTION VOLUME INTO MONT ROYAL PLANTReuters
Fri, Mar 20
Eli Lilly CEO David Ricks' pay rises 26% for 2025
March 20 (Reuters) - Eli Lilly LLY.N paid its chief executive David Ricks $36.7 million in 2025, up roughly 25.7% from the previous year, a regulatory filing showed on Friday.Here are some details: Ricks, who has led the company since 2017, received compensation that included salary, stock awards an...Reuters
Fri, Mar 20
Jury says Musk misled Twitter investors before 2022 buyout, Bloomberg News reports
March 20 (Reuters) - A jury has concluded Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg News reported on Friday.Jurors in federal court in San Francisco found o...Reuters
Fri, Mar 20
EyePoint sues rival Ocular Therapeutix, alleging false claims about eye drug
March 20 (Reuters) - EyePoint EYPT.O filed a lawsuit on Friday accusing rival Ocular Therapeutix OCUL.O of spreading false or misleading information about EyePoint and its lead experimental eye drug.The complaint was filed in Middlesex County Superior Court for the Commonwealth of Massachusetts.The ...Reuters
Fri, Mar 20
TIMELINE-How Trump's stated reasons, goals and timeline for Iran war have shifted
By Kanishka Singh WASHINGTON, March 20 (Reuters) - President Donald Trump and his top officials have offered shifting objectives and reasons for the U.S.-Israeli war on Iran, which critics say shows a lack of planning for the conflict and its aftermath. Stated objectives and expected timeline hav...Reuters
Fri, Mar 20
