Business

Berkshire Unit Must Pay Millions in Damages for Oregon Fires

A Berkshire Hathaway Inc. unit is liable for destruction caused by the 2020 Labor Day Fires in Oregon,

2023-06-13 05:20

Oracle Tops Sales Estimates as AI-Frenzy Spurs Cloud Demand

Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened

2023-06-13 04:57

Elizabeth Holmes Objects to $250-a-Month Victim Payments After Prison

Elizabeth Holmes has “limited financial resources” and should not have to pay $250 a month in restitution once

2023-06-13 04:52

Cruise Stocks Climb as Wall Street Sees Strong Booking Demand

A trio of cruise-line operators jumped on Monday as analysts at Bank of America Corp. and JPMorgan Chase

2023-06-13 04:50

Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy

Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, filed for bankruptcy on Monday after

2023-06-13 04:47

Duke to Sell Renewables Unit to Brookfield for $2.8 Billion

Duke Energy Corp. agreed to sell a big portfolio of wind and solar farms to Brookfield Renewable for

2023-06-13 04:47

AI Hype Starting to ‘Smell Like Dot-Com Era,’ ESG Veteran Says

The exuberance surrounding artificial intelligence has driven a lot of capital into a small corner of the market

2023-06-13 03:28

Salesforce Touts AI Strategy, Doubles Investment in Startups

Salesforce Inc. is elevating new generative artificial intelligence features in its products and doubling its investment in AI

2023-06-13 03:23

Google’s Ad Tech Money-Machine Sparks EU Antitrust Charges

Google is set to be hit with a formal antitrust complaint from the European Union that could pave

2023-06-13 02:49

US Junk-Bond Maturities Shrink to Record Low as Debt Mountain Grows

US junk bonds have the shortest average time to maturity on record, signaling that companies will have large

2023-06-13 01:54

Here's how Italy's Silvio Berlusconi made his billions

Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire.

2023-06-13 00:24

Carson Block’s Latest Short Bet Is Burned by Novartis M&A Deal

Carson Block’s Muddy Waters wager against a hedge-fund favorite, Chinook Therapeutics Inc., took a hit Monday after Novartis

2023-06-12 23:46