Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

Dec 5 (Reuters) – Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths, according to documents reviewed by Reuters and sources familiar with the investigation and company operations. Neuralink Corp is developing a … Read more

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from  bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more

Michael Bloomberg apologises for Boris Johnson speech criticising China

Michael Bloomberg apologises for Boris Johnson speech criticising China

BEIJING, Nov 20 (Reuters) – Michael Bloomberg apologised last week at a business forum hosted by the news agency he founded for remarks by British former Prime Minister Boris Johnson criticising China as autocratic. The controversy highlights China’s influence in Asia and sensitivities about overt criticism of Beijing. Bloomberg, a former New York mayor who … Read more

Linklaters hires energy finance partner from Sidley Austin in New York

Linklaters hires energy finance partner from Sidley Austin in New York

Nov 14 (Reuters) – UK-founded law firm Linklaters on Monday said it has hired a finance-focused partner from Sidley Austin in New York to head its energy and infrastructure practice in the Americas. Ron Erlichman specializes in the financing and development of infrastructure projects, particularly renewable energy and carbon neutral projects, according to an archived … Read more

Russia’s Lavrov dismisses report that he was taken to hospital at G20

Russia’s Lavrov dismisses report that he was taken to hospital at G20

Lavrov dismisses Associated Press report AP: Lavrov was treated for heart condition Bali governor: Lavrov had checks in hospital, in good health NUSA DUA, Indonesia, Nov 14 (Reuters) – Russian Foreign Minister Sergei Lavrov on Monday dismissed an news agency report that he had been taken to hospital with a heart condition, scolding Western journalists … Read more

Berkshire Hathaway posts quarterly loss as stock holdings fall

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more

Exclusive: Tesla faces U.S. criminal probe over self-driving claims

Exclusive: Tesla faces U.S. criminal probe over self-driving claims

Oct 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s … Read more

Japan’s most famous law grad beats odds in 3rd N.Y. bar exam attempt

Japan’s most famous law grad beats odds in 3rd N.Y. bar exam attempt

Summary Companies Law firms The Japanese press has closely tracked the legal career of 2021 Fordham law grad Kei Komuro He married Japan’s Princess Mako last year (Reuters) – The third time was the charm on the New York bar exam for Kei Komuro, a law clerk at law firm Lowenstein Sandler and the husband … Read more

Facebook threatens to block news content over Canada’s revenue-sharing bill

Facebook threatens to block news content over Canada’s revenue-sharing bill

OTTAWA, Oct 21 (Reuters) – Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online News Act, introduced in April, laid out rules to force platforms like Meta’s (META.O) Facebook and Alphabet’s (GOOGL.O) … Read more

London Stock Exchange Group sticks with targets in quarterly update

London Stock Exchange Group sticks with targets in quarterly update

LONDON, Oct 21 (Reuters) – The London Stock Exchange Group (LSEG.L) reported a 16.2% rise in income in the third quarter to 1.905 billion pounds ($2.13 billion) on Friday, and made no changes to its guidance or targets. A consensus forecast from analysts had expected income of 1.881 billion pounds, excluding recoveries. Gross profit in … Read more