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By Jonathan Stempel NEW YORK (Reuters) -Ben & Jerry’s said its parent, Unilever, decided to oust the ice cream maker’s chief executive, Dave Stever, escalating a battle over the subsidiary’s independence on social policy issues. In a Tuesday night filing in Manhattan federal court, Ben & Jerry’s said Unilever advised on March 3 it was removing Stever without consulting directors because of his commitment to the ice cream maker’s social mission and brand integrity, not because of concerns about his job performance. It said Unilever chastised Stever in a January performance review for “repeatedly acquiescing” to Ben & Jerry’s promotion…

(Reuters) – Indian equities may extend their recent rebound to the third straight session on Wednesday, but caution ahead of the U.S. Federal Reserve’s policy decision may keep a lid on gains. The GIFT Nifty futures were trading at 22,953.00 as of 08:14 a.m. IST, indicating that the blue-chip Nifty 50 will likely open above Tuesday’s close of 22,834.30. The 50-stock index logged its best day in six weeks on Tuesday, closing near one-month highs, on bargain hunting in beaten-down stocks. The index is still 13% below the record high hit in late September 2024. Foreign portfolio investors (FPIs) turned…

By Krystal Hu (Reuters) – The venture capital firms that invested in cybersecurity firm Wiz, which agreed to a $32 billion buyout by Google’s parent Alphabet (GOOG), stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures. The $32 billion all-cash Wiz deal on Tuesday marked a major win for about 25 firms on Wiz’s cap table, according to PitchBook, a rarity in the past few years as high interest rates and tight antitrust scrutiny reduced exit events. Among the investors, the biggest beneficiaries are those that put money into…

(Reuters) -Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on Tuesday. The reduction of 2% to 3% of the company’s workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity. Morgan Stanley had more than 80,000 employees worldwide at the end of 2024. The layoffs were not related to current market conditions, the source said. The bank’s move follows a string of job cuts by Wall Street lenders in recent weeks as they prepare for an uncertain economic environment,…

By Hyunjoo Jin and Heekyong Yang SUWON, South Korea (Reuters) -Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects. Shareholders slammed management for poor stock performance and called for measures to revive…

By Arunima Kumar (Reuters) – Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal that Moscow and Kyiv temporarily stop attacking each other’s energy infrastructure, a move that could eventually pave the way for Russian oil to enter global markets. Brent crude futures were down 59 cents, or 0.84%, to $69.97 a barrel at 0924 GMT. U.S. West Texas Intermediate crude (WTI) was down 60 cents, or 0.90%, at $66.30. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped…

By Rishav Chatterjee (Reuters) – Australian department store owner Myer on Wednesday posted lower interim earnings, citing logistical challenges at a distribution centre in Victoria and strategic review costs, while painting a gloomy outlook due to weak economic conditions. The firm, which finalised the purchase of the apparel brands portfolio from rival Premier Investments in January, said the sales for the first five weeks in the second half of the fiscal year were already down by 2.6%. Shares in Sydney dropped 10.5% to A$0.68 and hit their lowest since June 24, 2024. Total sales at the retailer were A$1.83 billion…

(Reuters) -Activist investor Starboard Value is planning to launch a proxy fight at design-software maker Autodesk, the Wall Street Journal reported on Tuesday. Starboard, which holds more than a $500 million stake in Autodesk, intends to nominate a minority slate of director candidates ahead of the tech company’s coming annual meeting, the report said, citing people familiar with the matter. Starboard has accused Autodesk previously of “subpar operational and financial performance” and also said the company “intentionally” misled investors after the company disclosed an accounting issue last year. In August, the activist investor urged Autodesk to change its CEO and…

SAN ANTONIO, March 10, 2025–(BUSINESS WIRE)–ArchPoint Group, Inc., the parent company of Acadian Crossing Consumer Products, LLC, is pleased to announce it has entered into definitive agreements to acquire a 50% equity interest in NatureStar North America, LLC, an innovative company renowned for its Matter® brand portfolio of environmentally friendly compostable and regenerative consumer products. This strategic acquisition adds the Matter® portfolio of products to Acadian Crossing’s offerings and provides Acadian Crossing with access to NatureStar North America’s cutting-edge material science innovation, research and development of globally certified biopolymers and biofiber technology, a vertically integrated supply chain, established operations, and…

NTT’s annual summit to cover what it means to innovate in a new reality shaped by AI News Highlights: Upgrade 2025 to explore the impact of AI on a range of technologies transforming our present and future under the overarching event theme of “Innovation for the New Reality.” The two-day event to be held on April 9-10, 2025, at the Metreon City View in San Francisco will feature multiple keynotes and panel discussions, anchored by an EXPO showcasing more than 25 exhibits. Topics to be covered during presentations at Upgrade 2025 include IOWN (Innovative Optical and Wireless Network), photonic devices…