FRANKFURT (Reuters) -German labour union Verdi on Saturday demanded Lufthansa offers a higher wage increase for thousands of the German airline\'s ground crew before it agrees to a fresh round of pay talks aimed at averting further industrial action. Ground staff walked off the job at major airports on Tuesday in their second strike this...
By Jonathan Stempel (Reuters) - Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway (NYSE:BRKa)\'s shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what...
By Milana Vinn (Reuters) -Chipmaker Broadcom (NASDAQ:AVGO) is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the...
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T (NYSE:T), whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for...
By Nick Carey LONDON (Reuters) - Europe\'s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is how much more Europe\'s automakers can squeeze out of...
By Kylie Madry and Fabian Cambero SANTIAGO/SAO PAULO (Reuters) - LATAM Airlines (OTC:LTMAY) on Thursday posted a 95% year-on-year fall in net profit in the fourth quarter to $84 million, as its operations stabilized after exiting bankruptcy in late 2022. The sharp drop for the final three months of 2023 reflected a normalization for LATAM...
(Reuters) -JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005. Dimon and his family intend to sell 1 million of their 8.6 million...
(Reuters) -Meta Platforms\' Oversight Board said on Thursday it would include social media platform Threads under its purview, allowing users to appeal the company\'s content moderation decisions. The board said, in addition to the 130 million people using Threads, Meta will also be able to refer cases about content on the social media platform. Board...
(Reuters) -Singapore Telecommunications (SingTel) said on Friday its third-quarter underlying net profit came in at the same level as last year, as weak local operations offset growth in its information technology and Australian telecom units. SingTel, Southeast Asia\'s largest telecom company, said its underlying net profit for the quarter ended Dec. 31 was S$559 million...
By Brenda Goh and Praveen Menon SINGAPORE/SYDNEY (Reuters) -Airbus faces delays in introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways\' non-stop Sydney-London flights because a regulator has asked it to redesign an extra fuel tank, a senior executive said. \"The regulator has asked us to redesign the centre tank on the...