(Reuters) – Caterpillar has raised its quarterly dividend by 8% and its share repurchase authorization by $20 billion, the company said on Wednesday, sending its
Category: Business
UBS and Credit Suisse’s Swiss units could merge by July 1, executive says
ZURICH (Reuters) – The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive
Nvidia sparks chatter over possible Dow inclusion after stock split
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in
Nippon Steel executive saw positive reaction from U.S. Steel workers and others
TOKYO (Reuters) – Nippon Steel Vice Chairman Takahiro Mori met with U.S. Steel’s employees and community leaders this week to gain better understanding of its
Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows
(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities
Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations
By Maha El Dahan, Hadeel Al Sayegh and Yousef Saba DUBAI (Reuters) -Saudi Arabia is poised to raise more than $11.2 billion selling shares in
Robinhood bets big on crypto with $200 million deal for Bitstamp
By Manya Saini (Reuters) -Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash,
Lyft forecasts 15% annual growth in gross bookings through 2027
By Yuvraj Malik (Reuters) – Lyft is targeting 15% annual growth in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day,
$1.3 billion UK lawsuit accuses Amazon of misusing small sellers’ data
LONDON (Reuters) – Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data
Intel battles AMD with new data center chips
By Max A. Cherney and Stephen Nellis TAIPEI/SAN FRANCISCO -Intel launched its next generation Xeon server processors on Tuesday, as it looks to claw back