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General Motors chair and chief executive officer Mary Barra participates in an Economic Club of Washington discussion on "the transformation of the automotive industry to an all-electric future, the path to autonomous vehicles, and the recent negotiations with GM's workforce" in Washington, U.S., December 13, 2023.

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

David Shepardson |Updated 4 minutes ago |2 min read

By David Shepardson (Reuters) - General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also said GM President Mark Reuss' total compensation in 2023 ...

People walk next to a Google logo during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024.

Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking

Foo Yun Chee |Updated 11 minutes ago |2 min read

By Foo Yun Chee BRUSSELS (Reuters) - German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc's new tech rules kicked in. The ...

A logo of the National Bank of Poland NBP (Polish Central Bank) is seen on their building in Warsaw, Poland, September 8, 2022.

Polish central bank reports loss of $5 billion dollars in 2023

Reuters |Updated 13 minutes ago |2 min read

WARSAW (Reuters) - The National Bank of Poland (NBP) made a loss of 20.8 billion zlotys ($5.2 billion) in 2023 compared to a loss of 16.9 billion zlotys the previous year, it said in its financial report on Wednesday, later citing the impact of a ...

German Economy and Climate Minister Robert Habeck presents the Annual Economic Report 2024 in Berlin, Germany, February 21, 2024.

German government nudges up 2024 GDP forecast to 0.3%

Reuters |Updated 23 minutes ago |2 min read

BERLIN (Reuters) - The German government on Wednesday raised its economic growth forecast for this year to 0.3%, from 0.2% previously, and lowered its forecast for inflation by 0.4 percentage points. The forecasts are part of the government's ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Japan's yen hits 155/dollar, weakest since 1990

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - The yen fell on Wednesday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up their currency. The dollar was last up 0.2% at 155.14 yen, ...

The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023.

Microsoft's AI lead puts Amazon cloud dominance on watch

Aditya Soni, Yuvraj Malik |Updated 41 minutes ago |3 min read

By Yuvraj Malik and Aditya Soni (Reuters) - Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of ...

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Home improvement firm Masco beats profit estimates on price hikes, lower costs

Reuters |Updated 51 minutes ago |1 min read

(Reuters) - Masco beat Wall Street expectations for first-quarter profit on Wednesday, as price hikes and easing material costs bolstered the homebuilding-product maker's margins. Its gross profit margin expanded 180 basis points to 35.6%, also ...

SaltWire

US defense firm Teledyne cuts 2024 profit forecast on weak sales

Reuters |Updated 51 minutes ago |1 min read

(Reuters) - U.S. defense contractor Teledyne Technologies on Wednesday cut its annual profit forecast after missing first-quarter estimates on weak sales in its imaging and instrumentation businesses. Teledyne, which makes digital imaging ...

SaltWire

B Riley stock surges after filing long-delayed annual report

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Shares of investment bank and brokerage B Riley Financial surged 26% before the bell on Wednesday after the company filed its annual report with the Securities and Exchange Commission. The company had missed its March deadline to file ...

SaltWire

Old Dominion Freight Line posts lower-than-expected Q1 revenue on lesser shipments

Reuters |Updated 1 minutes ago |2 min read

U.S. less-than-truckload carrier Old Dominion Freight Line reported first-quarter revenue below above Wall Street estimates on Wednesday, as the company hauled less weight and shipments in the quarter. A shift in consumer spending post-pandemic ...

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