Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Business|Economy|Technology

TE Connectivity beats quarterly profit estimates on sensor demand

TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe.

TE Connectivity beats quarterly profit estimates on sensor demand
Business|Health|Technology

Bristol Myers signs $380 million CAR-T therapies supply deal with Cellares

Drugmaker Bristol Myers Squibb said it has signed a $380 million deal with contract manufacturer Cellares to manufacture its CAR-T cell therapies in the United States, EU and Japan.

Bristol Myers signs $380 million CAR-T therapies supply deal with Cellares
Business|Economy|Technology|World

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated

A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week,

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated
Business|Technology

Salesforce abandons pursuit of Informatica, source says

Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a

Salesforce abandons pursuit of Informatica, source says
Business|Economy|Technology|World

Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs

Automotive seating supplier Adient plc on Monday said it was restructuring its Europe business by cutting jobs and transferring work to countries with lower labor expenses, in a bid to cut

Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs
Business|Technology

Solar firm SunPower to cut jobs, wind down most of residential direct sales

SunPower plans to reduce its workforce by about 1,000 people in the coming days and weeks and move away from most of its direct sales channel as part of a restructuring plan to lower costs,

Solar firm SunPower to cut jobs, wind down most of residential direct sales
Business|Technology|World

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Business|Technology|Travel|World

Mercedes-Benz to launch luxury electric van for Chinese market

Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN.EA platform, the head of the carmaker's vans division told German magazine

Mercedes-Benz to launch luxury electric van for Chinese market
Business|Economy|Technology

Morning Bid: Meta plunges, mega mining merger revealed

(Removes extraneous letter in first paragraph) A look at the day ahead in U.S. and global markets from Mike Dolan Megacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock

Morning Bid: Meta plunges, mega mining merger revealed
Business|Economy|Technology

Tesla to lay off 693 employees in Nevada, government notice says

Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice showed, as part of its plan to cut more than 10% of its global workforce amid

Tesla to lay off 693 employees in Nevada, government notice says
Business|Technology|World

Renault talks to China's Li Auto and Xiaomi on tech collaboration

Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential

Renault talks to China's Li Auto and Xiaomi on tech collaboration
Business|Technology

Chipmaker NXP forecasts Q2 profit above estimates on industrial demand recovery

NXP Semiconductors NV forecast second-quarter profit above estimates on Monday, as easing inventory corrections at its industrial and mobile customers helped offset decelerating revenue

Chipmaker NXP forecasts Q2 profit above estimates on industrial demand recovery
Business|Economy|Technology|World

Bottler Coca-Cola HBC beats revenue estimate on strong demand

Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy

Bottler Coca-Cola HBC beats revenue estimate on strong demand
Business|Economy|Technology

Huawei's quarterly profit surges as comeback gathers pace

Huawei Technologies's net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues

Huawei's quarterly profit surges as comeback gathers pace
Business|Economy|Technology

France's Capgemini signals gradual recovery after lower Q1 sales

French IT consulting group Capgemini reported lower first-quarter revenue on Tuesday because of an anticipated slowdown in the market, but said it expects a gradual recovery through the

France's Capgemini signals gradual recovery after lower Q1 sales
Business|Economy|Technology

Corning forecasts second-quarter core sales above estimates on steady carrier spending

Specialty glass maker Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, banking on price increases and healthy demand for its fiber optic cables amid

Corning forecasts second-quarter core sales above estimates on steady carrier spending
Business|Technology|World

Elon Musk visits China as Tesla seeks self-driving technology rollout

Tesla CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to

Elon Musk visits China as Tesla seeks self-driving technology rollout
Business|Economy|Technology

Tesla short sellers lose nearly $5.5 billion over four days, S3 Partner says

Investors who bet against Tesla stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.

Tesla short sellers lose nearly $5.5 billion over four days, S3 Partner says
Business|Technology

Former exec Baglino sells Tesla shares worth $181.5 million, SEC filing shows

Former Tesla executive Drew Baglino has sold shares worth around $181.5 million in the world's top EV maker, according to a SEC filing on Thursday.

Former exec Baglino sells Tesla shares worth $181.5 million, SEC filing shows
Business|Economy|Technology

Google parent Alphabet reclaims spot in $2 trillion valuation club

Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70

Google parent Alphabet reclaims spot in $2 trillion valuation club
Business|Technology

Boeing, GKN Aerospace close deal for St. Louis site

Boeing said on Friday that it has closed a deal with aero supplier GKN Aerospace and its parent company Melrose Industries for a plant in St. Louis.

Boeing, GKN Aerospace close deal for St. Louis site
Business|Economy|Technology

Microsoft-backed Rubrik's stock jumps 21% in NYSE debut

Rubrik's shares climbed nearly 21% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.

Microsoft-backed Rubrik's stock jumps 21% in NYSE debut
Business|Technology|World

T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos

Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider

T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
Business|Economy|Technology

Cboe to merge digital assets business with derivatives and clearing arm

Exchange operator Cboe Global Markets said on Thursday it will integrate its digital asset derivatives, currently offered by Cboe Digital, into its existing Global Derivatives and Clearing

Cboe to merge digital assets business with derivatives and clearing arm
Business|Economy|Technology

Amazon to invest $11 billion in Indiana to build data centers

Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs.

Amazon to invest $11 billion in Indiana to build data centers

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