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(Reuters) -Boeing received approval from the U.S. aviation regulatory agency last week to begin the third of five major phases of certification flight tests for its 777-9 wide-body jet, the Air Current reported on Monday, citing sources. The aviation industry publication added that this would mark the largest single round of evaluations for the long-delayed …

Boeing gets nod to start next phase of 777X certification trials, Air Current reports Read More »

(Corrects in next to last paragraph the reference to New Jersey Governor-elect Mikie Sherrill, not Mike Sherrill.) By Richard Cowan and Nolan D. McCaskill WASHINGTON (Reuters) -A weekend deal to end the longest U.S. government shutdown in history divided Senate Democrats and angered the party’s vocal liberal base, who turned their vitriol on Senate Minority …

Schumer in the hotseat, again, over deal to fund government Read More »

(Corrects language in paragraph 14 to clarify that the 1,600-job reduction in Argentina and Chile is tied to the asset sale, not to a workforce cut) By Dawn Chmielewski and Juby Babu LOS ANGELES, CALIFORNIA (Reuters) -Paramount Skydance said it will make incremental programming investments of more than $1.5 billion next year to grow its …

Paramount Skydance to invest over $1.5 billion in programming next year; shares jump Read More »

By Scott Murdoch and Roushni Nair (Reuters) -Commonwealth Bank of Australia shares slid nearly 5% on Tuesday after the lender said increased competition and lower interest rates hurt key margins, even as it reported a slight uptick in first-quarter cash profit. Australia’s largest bank by market capitalisation reported cash profit of A$2.6 billion ($1.69 billion) …

CBA shares slide as lower interest rates, competition pressure margins Read More »

SAO PAULO (Reuters) -Brazilian cosmetic maker Natura swung to a recurring net loss in the third quarter on Monday, hit by slowing consumer demand in its local market, as well as challenges in the firm’s brand integration in Latin America. The company’s net loss came in at 119 million reais ($22.02 million) in the July-September …

Natura swings to Q3 loss on weaker Brazil demand, integration challenges Read More »

(Reuters) -Nvidia-backed CoreWeave trimmed annual revenue forecast on Monday, hurt by a delay at a third-party data center partner, taking the shine off a strong September quarter driven by burgeoning demand for AI cloud services. Its shares fell more than 6% in extended trading, after Chief Financial Officer Nitin Agrawal forecast 2025 revenue between $5.05 …

CoreWeave flags hit from data center delay, shares fall Read More »

By Dan Catchpole (Reuters) -The more than 3,200 Boeing Defense workers, on strike since August 4, will vote on the company’s latest offer on Thursday, union officials said Monday. The company’s latest offer reduces the overall ratification bonus but offers workers more cash upfront if approved. Otherwise it is almost identical to offers previously rejected …

Striking Boeing workers to vote Thursday on offer with lower overall bonus Read More »

By Jonathan Stempel (Reuters) -Warren Buffett on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder. In a letter to Berkshire shareholders, likely his last before he steps down at year-end, the …

Buffett ‘going quiet’ but backs CEO-designate Abel, plans to keep Berkshire shares Read More »