Wednesday, 29 December 2021

Reuters Business: Didi Global quarterly revenue falls

Didi Global quarterly revenue falls

China's ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue due lower demand for its Chinese mobility business.

Dow, S&P close at record highs as Omicron worries ease

The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.

Tory Burch's Muratore on tech and the power of change

"Challenge the status quo and do not settle."

Exclusive: Credit Suisse finds second breach of COVID-19 rules by chairman - sources

A preliminary investigation by Credit Suisse found that its Chairman Antonio Horta-Osorio attended the Wimbledon tennis finals in July during a visit to Britain when the country's COVID-19 rules required him to be in quarantine, two sources familiar with the matter told Reuters.

Purdue bankruptcy judge extends temporary litigation shield for Sacklers

A bankruptcy judge has extended temporary protections against opioid-related litigation for the Sackler family members who own Purdue Pharma until Feb. 1 after another judge overturned the OxyContin maker's bankruptcy settlement this month.

Dow eyes record highs amid waning Omicron worries

The Dow edged towards an all-time high in afternoon trading on Wednesday, on a boost from retailers including Walgreens and Nike and investors shrugged off concerns of the Omicron variant of the COVID-19 coronavirus.

Samsung Group in talks to buy U.S. drugmaker Biogen - Korea Economic Daily

South Korea's Samsung Group is in talks to buy U.S. drugmaker Biogen Inc , Korea Economic Daily reported on Wednesday, citing investment banking sources.

Elon Musk's SpaceX raises over $337 mln in fresh funding

Billionaire Elon Musk's SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing on Wednesday.

China's Tsinghua Unigroup says creditors have approved restructuring

Debt-laden Chinese chip conglomerate Tsinghua Unigroup on Wednesday said that a draft proposal to restructure the company had been approved by creditors.

U.S. board impounds ballots in union-removal vote at Exxon refinery

The U.S. National Labor Relations Board on Wednesday impounded ballots that will decide whether the United Steelworkers (USW) continues to represent workers at an Exxon Mobil oil refinery in southeast Texas.

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