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U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......

Hungary’s cenbank shocks with 185 bps rate rise after forint plunge, pledges more

Reuters
NBH raises base rate by 185 bps to 7.75% Biggest hike since start of global financial crisis Most economists had expected a 50 bps increase Plunging forint, rising inflation prompted bigger move Cbank raises 2022, 2023 inflation forecasts BUDAPEST, June 28 (Reuters) – The National Bank of Hungary (NBH) raised......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Siemens to buy U.S. software company Brightly in $1.58 bln deal

Reuters
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Siemens (SIEGn.DE) is buying U.S. tech company Brightly Software......

EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

Reuters
TOKYO/HONG KONG, June 23 (Reuters) – Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said......

EXCLUSIVE G7 likely to discuss Russian turbine, but may not find solution -Canada minister

Reuters
Canada’s Minister of the Environment and Climate Change Jonathan Wilkinson takes part in a news conference at the Ornamental Gardens in Ottawa, Ontario, Canada November 19, 2020. REUTERS/Blair Gable/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, June 22 (Reuters) – The G7 is likely to discuss......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

In ‘miracle’ city Shenzhen, fears for China’s economic future

Reuters
SHENZHEN, China, June 13 (Reuters) – (This June 12 story has been refiled to clarify location in penultimate paragraph) David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked......

Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

Wall Street rallies at end of roller coaster week

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Twitter drops as Musk puts purchase deal on hold All major indexes on course for steep weekly losses Indexes up: Dow......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Chinese jet aborts takeoff, catches fire, causing minor injuries from evacuation

Reuters
Rescue workers are seen at the site where an Airbus A319 plane of Tibet Airlines caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s......

Occidental profit tops estimates on oil prices despite lower output

Reuters
The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – U.S. oil and gas producer Occidental Petroleum Corp (OXY.N) beat Wall Street’s earnings estimates and swung to a profit from a......

Biden touts manufacturing, union jobs in battleground Ohio

Reuters
HAMILTON, Ohio May 6 (Reuters) – President Joe Biden boasted on Friday of a U.S. manufacturing surge and introduced a new small business program in the key swing state of Ohio during his sixth visit there as president Biden was buoyed by strong numbers earlier in the day that showed......

Berkshire shareholders vote to keep Buffett as chairman, reject climate disclosures

Reuters
OMAHA, Neb., April 30 (Reuters) – Berkshire Hathaway Inc (BRKa.N) shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman and chief executive......

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

Reuters
Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody”......

Berkshire bought $51 billion in stock as Buffett combats supply chain

Reuters
OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp (CVX.N). Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit......

Buffett’s Berkshire says operating profit nearly unchanged

Reuters
Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N)......

Warren Buffett’s Berkshire all-day meeting to kick off in Omaha

Reuters
OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called ‘Oracle of Omaha’ on everything from corporate governance, potential new......

Honeywell raises full-year profit forecast as air travel surges

Reuters
An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register April 29 (Reuters) – Honeywell International Inc raised its full-year profit forecast on Friday, as a recovery in aviation markets due......

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