By Jessica DiNapoli NEW YORK (Reuters) -U.S. sunscreen-maker Edgewell Personal Care will look to reach new two- to three-year contracts for Chinese chemicals to help control costs as the company anticipates tariff hikes when President-elect Donald Trump takes office. Connecticut-based Edgewell, along with its competitors, has a “China dependency” on the chemicals for its sunscreens …
SYDNEY (Reuters) – A technical outage crippled all of Australia’s major airports on Friday, leading to long queues at international terminals after the disruption of automated kiosks for identity and facial recognition, authorities said. In a statement the Australian Border Force (ABF) said immigration staff were added to manually process travellers, adding, “The issue is …
Australian airports hit by outage at immigration counters Read More »
By Paritosh Bansal and Carolina Mandl (Reuters) -BlackRock is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said. The sources said it was not clear whether the talks would result in a deal, with one of …
BlackRock in talks to buy minority stake in Millennium, sources say Read More »
(Reuters) -Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic’s …
Amazon mulls new multi-billion dollar investment in Anthropic, the Information reports Read More »
By Paritosh Bansal and Carolina Mandl NEW YORK (Reuters) – BlackRock Inc is in early-stage talks with hedge fund Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said. The sources said it was not clear whether the talks would result …
BlackRock in talks about a strategic tie-up with Millennium – sources Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by Donald Trump’s return as U.S. president. The Fed cut interest rates by a quarter of a percentage point as policymakers took note …
Stocks close higher after Fed cuts interest rates Read More »
By Jaspreet Singh (Reuters) -Pinterest’s fourth-quarter revenue forecast failed to impress investors looking for a boost from the upcoming holiday shopping season, at a time when bigger online ad sellers largely outperformed, sending its shares down 11% in extended trading on Thursday. The San Francisco, California-based company also announced a new stock buyback program of …
Pinterest’s forecast disappoints investors seeking holiday season ad boost Read More »
By David Shepardson (Reuters) -A California state agency said on Thursday it is mandating enhanced data reporting requirements for autonomous vehicles including reports for incidents where self-driving cars get stuck. The California Public Utilities Commission (CPUC) is requiring companies to file detailed trip-level incident reports that cover both collision and non-collision incidents, including citations and …
California agency boosts reporting requirements for autonomous vehicle incidents Read More »
By Arasu Kannagi Basil and Atharva Singh (Reuters) -Payments firm Block reported third-quarter revenue below Wall Street expectations on Thursday, signaling softer consumer spending and overshadowing a profit beat that was powered by disciplined expense management. Shares of the company fell more than 10% in extended trading before paring losses to below 4%. Consumer spending …
Block revenue misses Street expectation, shares fall Read More »
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him, adding he cannot be legally removed anyway. Speaking at a press conference following the latest meeting of the rate-setting Federal Open Market Committee, Powell was …
Fed’s Powell says he will not quit even if asked by Trump Read More »
