Today: November 19, 2024
Today: November 19, 2024

Latest From Reuters

Business|Finance|US

US refiner Phillips 66 retains big-name advisers for Elliott duel

U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the

US refiner Phillips 66 retains big-name advisers for Elliott duel
Business|Finance|Technology

Dell misses quarterly revenue estimates on slow PC market recovery

Dell Technologies on Thursday reported third-quarter revenue below estimates due to a slower-than-expected recovery in the hardware and software market, sending its shares down 4% after

Dell misses quarterly revenue estimates on slow PC market recovery
Business|Finance|Health|US

Explainer-Why prior mega health insurer deals like the possible Cigna/Humana merger failed

U.S. health insurers Cigna and Humana are in talks to merge, a potential deal likely to face aggressive scrutiny from the U.S.

Explainer-Why prior mega health insurer deals like the possible Cigna/Humana merger failed
News|US|World

US, partners target North Korea with sanctions following satellite launch

The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of

US, partners target North Korea with sanctions following satellite launch
Business|Fashion and Beauty|Finance|Stock Markets

Ulta Beauty raises annual forecasts, longtime CFO Settersten to retire

Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and also said its longtime CFO Scott

Ulta Beauty raises annual forecasts, longtime CFO Settersten to retire
Business|Economy|Finance|News

Vans owner VF Corp lays off 500 employees in restructuring push

Vans owner VF Corp said on Thursday it has laid off about 500 employees as it aims to restructure its business and improve operations globally.

Vans owner VF Corp lays off 500 employees in restructuring push
Technology

Factbox-Tesla's Cybertruck - top features and specifications

Tesla's Cybertruck has caught the attention of many drivers with its polarizing design that promises a durable build and unique features.

Factbox-Tesla's Cybertruck - top features and specifications
Business|News|Technology|US

US judge blocks Montana from banning TikTok use in state

A U.S. judge late on Thursday blocked Montana's first-of-its kind state ban on the use of short-video sharing app TikTok from taking effect on Jan. 1. U.S.

US judge blocks Montana from banning TikTok use in state
News|Technology|US

Russian national pleads guilty to US cybercrime charges

A Russian national who was extradited to the United States from South Korea earlier this year pleaded guilty on Thursday to federal charges stemming from his role in a cybercriminal

Russian national pleads guilty to US cybercrime charges
Business|Finance|Technology|US

Broadcom to lay off 1,300 VMware employees following takeover

Chipmaker Broadcom will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday.

Broadcom to lay off 1,300 VMware employees following takeover
Business|News|US

Teamsters forms coalition to unionize Delta Air Lines workers

The Teamsters has formed a coalition aimed at forming a union for more than 45,000 workers at Delta Air Lines, the labor union said on Thursday.

Teamsters forms coalition to unionize Delta Air Lines workers
Business|Finance|Technology

US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News

The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News

US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News
Asia|News|Technology|US|World

Japan says 'concerned' US continues to fly Ospreys despite grounding request

Japan is "concerned" that the U.S. military continues to fly the Osprey aircraft despite the government's request to ground them until their safety is confirmed, Japan's top

Japan says 'concerned' US continues to fly Ospreys despite grounding request
Business|Economy|Finance|Stock Markets|World

Take Five: That most wonderful time of the year

Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

Take Five: That most wonderful time of the year
News|World

Israel army publishes map it says advises Gazans of safe evacuation areas

The Israeli army said on Friday that with the resumption of fighting it had published a map to advise Gazans of safe areas for their evacuation.

Israel army publishes map it says advises Gazans of safe evacuation areas
Economy|News|US|World

Russia assumes Western sanctions will last for many years - Kremlin

Russia is working on the assumption that sanctions against it by the United States and its allies will last for many years, but that U.S. influence on the world economy is waning,

Russia assumes Western sanctions will last for many years - Kremlin
Business|Economy|Finance

Bank of Montreal's quarterly profit falls on higher rainy-day funds

Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income.

Bank of Montreal's quarterly profit falls on higher rainy-day funds
Business|News|Technology|US

US opens probe into 73,000 Chevrolet Volt cars over loss of power

A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports of loss of power, failures to restart and

US opens probe into 73,000 Chevrolet Volt cars over loss of power
Europe|Technology

Meta must provide details on measures against child sexual abuse by Dec. 22, EU says

EU tech regulators on Friday ordered Meta Platforms to provide details on measures taken to tackle child sexual abuse material on Instagram by Dec. 22.

Meta must provide details on measures against child sexual abuse by Dec. 22, EU says
Business|Finance|News

National Bank of Canada's fourth-quarter profit jumps on capital markets strength

National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions.

National Bank of Canada's fourth-quarter profit jumps on capital markets strength
Business|Technology

EV maker Fisker slashes 2023 production target

Electric-vehicle maker Fisker said on Friday it will scale down production this month, and produce lesser cars this year than its previous guidance, to prioritize cash for working capital

EV maker Fisker slashes 2023 production target
Business|Economy|Finance|Stock Markets|US

US equity funds see weekly outflows amid profit-taking, economic report caution

U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings results.

US equity funds see weekly outflows amid profit-taking, economic report caution
Business|Finance|Stock Markets|Technology|US

Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

U.S.-listed shares of Alibaba Group Holding dipped on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, just hours after rival PDD raced

Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm
Business|Finance|US

BNY Mellon to raise minimum wage, add mental health benefits

BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday.

BNY Mellon to raise minimum wage, add mental health benefits
Business|Finance|Stock Markets|Technology

Crypto stocks set to start December on a high note as bitcoin hits near 19-month high

Shares of crypto miners and bitcoin-tracking companies climbed in premarket trading on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on

Crypto stocks set to start December on a high note as bitcoin hits near 19-month high

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