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Elon Musk encourages Twitter engineers to fly in for in-person meetings

November 18 (Reuters) – Elon Musk on Friday asked all remaining Twitter employees who write software code to report to the 10th floor of the San Francisco office by early afternoon, according to an email reviewed by Reuters . The billionaire said in a follow-up email: ‘If possible, I would appreciate it if you could …

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After Elon Musk’s ultimatum, Twitter employees start exiting

Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …

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Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc. (BRKa.N) said it purchased more than $4.1 billion worth of Taiwan Semiconductor Manufacturing stock (2330.TW)a rare significant foray into the tech sector by billionaire conglomerate Warren Buffett. The news sent shares of TSMC soaring, closing up 7.9% in Taiwan on Tuesday, as it bolstered investor sentiment for the …

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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

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Elon Musk sells Tesla shares worth $3.95 bln days after Twitter deal

Nov. 8 (Reuters) – Tesla Inc. (TSLA.O) Boss Elon Musk sold $3.95 billion worth of shares in the electric vehicle maker, according to regulatory filings, days after closing the $44 billion deal for Twitter Inc. The latest sale brings the total Tesla shares Musk has sold to around $36 billion since November last year, leaving …

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Binance plans to buy FTX’s non-U.S. operations in latest crypto bailout

WASHINGTON/LONDON, Nov 8 (Reuters) – Crypto giant Binance has signed a non-binding deal to buy non-U.S. unit of FTX rival FTX.com to help cover a “liquidity crunch” to the cryptocurrency exchange, the companies said Tuesday, in a surprise move that raised further concerns about the risks investors face in the volatile crypto market. Binance CEO …

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Philip Morris clinches Swedish Match after smoking out opposition

PMI needs 90% stake for mandatory minority buyout PMI believes the goal can eventually be achieved PMI Says Swedish Match’s Top 10 Investors Tendered Stock Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of the Swedish game (SWMA.ST)below the 90% he wanted, but enough to convince …

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Canada orders three Chinese firms to exit lithium mining

China says Canada is breaking trade and market rules Chinese company stocks fall Companies say they don’t expect a major performance hit OTTAWA/BEIJING, Nov 2 (Reuters) – Canada on Wednesday ordered three Chinese companies to divest their investments in critical Canadian minerals, citing national security. In response, China accused Ottawa of using national security as …

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CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N)Walgreens Boots Alliance Inc. (WBA.O) and Walmart Inc. (WMT.N) agreed to pay approximately $13.8 billion to resolve thousands of lawsuits filed by U.S. state, local and tribal governments accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 years, …

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Musk fired Twitter execs in attempt to avoid payouts, layoffs planned – reports

October 29 (Reuters) – Twitter (TWTR.N) new owner Elon Musk has laid off senior executives in a bid to avoid hefty severance packages, while lining up other layoffs as early as Saturday to avoid stock awards due Nov. 1, media reported Saturday. Musk has fired Twitter chief executive Parag Agrawal, chief financial officer Ned Segal …

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