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(Reuters) – The California Department of Motor Vehicles on Friday issued draft regulations on the operation of autonomous vehicles on highways, paving the way for self-driving trucks to commence long-haul deliveries. The state agency is planning a framework which would initially require safety drivers for both light- and heavy-duty operations.  The DMV is accepting written …

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(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday. The conglomerate run by one of the world’s most revered investors has offloaded shares worth more than a combined $6 billion in the second …

Billionaire Buffett again sells BofA shares worth about $845 million Read More »

By David Shepardson WASHINGTON (Reuters) -The SpaceX Falcon 9 vehicle may return to flight operations while the overall investigation of the anomaly during a recent Starlink mission remains open, the U.S. Federal Aviation Administration said on Friday. SpaceX made the return to flight request for the workhorse vehicle on Thursday and the FAA gave approval …

SpaceX Falcon 9 may resume flights while FAA probe underway Read More »

By Allison Lampert, David Ljunggren and Rajesh Kumar Singh (Reuters) – Canada is reluctant to force Air Canada’s pilots back to work if they go on strike, a government source told Reuters this week, even though Ottawa took that step to end a work stoppage at the country’s two railroads earlier this month. Air Canada’s …

As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says Read More »

By Joe Cash BEIJING (Reuters) – China’s factory activity likely shrank for a fourth month in August, a Reuters poll showed on Friday, reinforcing the need for officials to direct more stimulus towards households and less to building projects. The official purchasing managers’ index (PMI) was forecast at 49.5, up from July’s reading of 49.4, …

China’s factory activity seen extending declines in Aug – Reuters poll Read More »

(Reuters) -Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by growing demand for its AI-powered servers, sending its shares up about 3% in extended trading. The Round Rock, Texas-based company has capitalized on increasing demand for its AI servers, which are powered by Nvidia’s graphics processors. These servers are designed to …

Dell raises annual forecasts on strong AI server demand Read More »