By Jonathan Stempel (Reuters) -Bayer won a legal victory in its fight to limit liability from claims that its Roundup weed killer causes cancer, as a U.S. appeals court on Thursday said federal law shields the German company from a lawsuit by a Pennsylvania landscaper. The 3rd U.S. Circuit Court of Appeals in Philadelphia rejected …
Bayer wins victory in US legal battle against Roundup cancer claims Read More »
By Fabian Cambero SANTIAGO (Reuters) – A strike at mining giant BHP’s huge Escondida mine in Chile entered its third day on Thursday, bolstering global copper prices as an ongoing standoff between the company and workers starts to spread worries about supply of the red metal. BHP and the worker union held an initial meeting …
BHP strike in Chile enters third day, buoying global copper price Read More »
By Abigail Summerville (Reuters) -Wall Street’s main indexes closed higher on Thursday, with the Nasdaq rising more than 2% after July U.S. retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy. Nine of the 11 major S&P 500 sectors advanced, led by consumer discretionary and information …
Indexes end higher as retail sales soothe slowdown fears Read More »
(Reuters) -Applied Materials forecast fourth-quarter revenue slightly above Wall Street estimates on Thursday, anticipating a surge in AI-fueled demand for its chip-making equipment. Booming demand for AI-powered chips has increased the need for sophisticated and expensive wafer fabrication equipment (WFE) essential for chip manufacturing, benefiting companies such as Applied Materials. A rise in demand for …
Applied Materials forecasts quarterly revenue above estimates on AI-driven demand Read More »
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s President Luiz Inacio Lula da Silva is looking at submitting all four of his upcoming nominations for the board of the central bank at once, including Gabriel Galipolo for the bank’s presidency, people familiar with the matter told Reuters. The nominations are expected in the …
Lula eyes Galipolo among joint nominations for Brazil central bank, sources say Read More »
(Reuters) -Federal Reserve Chair Jerome Powell is scheduled to deliver remarks on the economic outlook next Friday, the first full day of the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. The annual gathering of global central bankers offers Powell a chance to give an updated assessment of the U.S. economic trajectory …
Fed Chair Powell to headline next week’s Jackson Hole meet Read More »
By Anirban Sen (Reuters) -Seagram heir and media industry executive Edgar Bronfman Jr. is preparing an offer for National Amusements, the family company that controls Paramount Global, a source familiar with the matter said. The offer could come together in the coming days, the source added. An offer from Bronfman would add another twist to …
Edgar Bronfman prepares offer for National Amusements, source says Read More »
(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private. Lockheed will pay 25 cents per share in cash, representing a 37.5% discount to Terran’s last close. The company in March had offered …
Lockheed to buy satellite products maker Terran in $450 million deal Read More »
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also nearly halved its huge stake in Apple. Berkshire owned about 690,000 Ulta Beauty shares worth $266.3 million and 1.04 million Heico shares worth $185.4 million as of …
Berkshire invests in Ulta Beauty, Heico as it retreats from Apple Read More »
By Mohamed Ezz and Emma Rumney CAIRO/LONDON (Reuters) – Egyptian Mohannad Abdelazeem, 35, doesn’t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz – alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev say interest is growing in such booze-free brews across the Middle East and North Africa, presenting …
Brewers tap growth of zero-alcohol beers in Middle East Read More »
