Reuters US Business

Dec 15 (Reuters) – Venezuela’s state-run oil company PDVSA has been subject to a cyberattack, it said on Monday, adding its operations were unaffected, even though four sources said systems remained down and oil cargo deliveries were suspended.  Tensions are high between the U.S. and Venezuelan governments, amid a large-scale U.S. military buildup in the southern Caribbean, …

Venezuela’s PDVSA suffers cyberattack, tankers make u-turns amid tensions with US Read More »

Dec 15 (Reuters) – BlackRock said on Monday the head of Citi’s investment management arm has joined the firm to lead a new initiative, which will oversee about $80 billion of the bank’s wealth‑management clients. The two firms had agreed a deal in September to shift management of a large slice of Citi’s client portfolios …

Citi investment head joins BlackRock to run $80 billion wealth assets portfolio Read More »

Dec 15 (Reuters) – The U.S. Federal Trade Commission said on Monday that the agency and 21 states, along with the District of Columbia, have filed an amended complaint against ride-hailing app Uber, alleging it engaged in deceptive billing and cancellation practices. The updated lawsuit, filed in the U.S. District Court for the Northern District …

US FTC, 21 states file amended complaint against Uber over subscription practices Read More »

By Michael S. Derby Dec 15 (Reuters) – Federal Reserve Bank of Boston President Susan Collins said Monday a changing inflation outlook tilted her toward supporting last week’s central bank interest rate cut. “I supported last week’s {Federal Open Market Committee) decision to lower the target range for the federal funds rate by 25 basis …

Fed’s Collins says supported rate cut but it was a ‘close call’ Read More »

By Alexander Villegas and Fabian Cambero SANTIAGO, Dec 15 (Reuters) – Chilean president-elect Jose Antonio Kast secured a commanding runoff win against leftist candidate Jeannette Jara on Sunday that will give him momentum, but he faces a balancing act to move quickly on his promises while building needed support among more moderate lawmakers. Kast – …

Chile president-elect Kast secured commanding win, but faces challenges ahead Read More »

Dec 15 (Reuters) – Tesla’s board of directors has earned more than $3 billion through stock awards that far exceeded the value of those given to peers at the biggest U.S. technology firms at the time they were paid, according to an analysis performed for Reuters by compensation and governance specialist Equilar. The analysis found …

Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers Read More »

Dec 15 (Reuters) – Nvidia said on Monday it acquired AI software firm SchedMD, as the chip designer doubles down on open-source technology and steps up investments in the artificial intelligence ecosystem to fend off rising competition. The chip designer built its reputation on speedy chips, but it also offers a range of its own …

Nvidia buys AI software provider SchedMD to expand open-source AI push Read More »