Reuters

Exxon is leaving Russia entirely after Putin confiscated the company’s properties

• ExxonMobil Corp XOM has reportedly made a complete exit from Russia after President Wladimir Putin his properties expropriated.
• Exxon’s decision to leave Russia finally comes after seven months of discussions about an orderly transfer of its 30 percent stake in a major oil project.
• Exxon hasn’t made it clear whether it received compensation for the assets, which it valued at over $4 billion.

Unionized workers at Starbucks are suing the coffee chain for assault and kidnapping after requesting a pay rise

• Starbucks Corporation SBUX was reportedly sued by eight unionized employees at a South Carolina store who complained that the coffee chain was making false allegations against them.
• Workers reportedly complained that the manager asked police to charge them with assault and kidnapping after they applied for a pay rise in August.

Why shares of Warren Buffett-backed rival Tesla, Nio EV, have soared over 6% today

• shares of Warren Buffett-supports BYD Co BYDDY BYDDF increased by over 5% China after the company reportedly said its third-quarter net income likely more than quadrupled, led by robust sales and a better product mix.
• BYD competes with players such as Tesla Inc and Nio Inc NEVERespecially since it increases focus.
• Estimated net profit for the July-September quarter ranged from 5.5 billion yuan to 5.9 billion yuan (US$765 million to US$820 million), up 333% to 365.1% Y/Y.

Wall Street Journal

Another setback for Boeing’s potential 737 MAX 7 certification, some submissions were rendered incomplete

• The Federal Aviation Administration (FAA) has asked Boeing Co B.A Re-evaluate its 737 MAX 7 safety file and say that some of the key documents submitted are incomplete and others require re-evaluation.
• The move marks another setback for Boeing’s efforts to gain certification for the 737 MAX 7, a legal deadline of year-end.

Intel adjusts IPO rating of Mobileye self-propelled unit