(Reuters) – Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News reported, citing people with knowledge of the matter. Shares of the car rental company were up 4.1% after the bell. They had hit …
Hertz exploring options to raise financing, Bloomberg News reports Read More »
By Dawn Chmielewski (Reuters) -Skydance Media has submitted a sweetened offer for its proposed merger with Paramount Global, according to a person familiar with the matter, the latest twist in a tumultuous negotiation process. The new deal is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, according …
Skydance sweetens offer for Paramount Global, source says Read More »
(Reuters) – Americans still prefer to buy a standard gas vehicle over a hybrid or an electric vehicle even with the same price and features, a KPMG study said on Thursday. Only one-fifth of people surveyed said they would purchase an EV over a gas-powered vehicle or hybrid vehicle. The show of preference comes amid …
Americans still prefer gas vehicles over hybrid or EVs, study shows Read More »
(Reuters) -Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, but its results fail to impress investors, sending its shares down more than 13% in extended trading. A surge in demand for high-performance computing and large-scale data centers to support growing adoption of generative AI has …
Dell beats first-quarter revenue estimates as AI boom bolster server demand Read More »
By Abigail Summerville (Reuters) -U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors also digested data showing the economy had grown slower than previously expected in the first quarter. A separate report showed weekly jobless claims rose more than expected. …
Nasdaq falls 1%; Salesforce shares weigh on tech Read More »
(Reuters) – Amazon.com’s streaming unit Twitch will end the contracts for all members of its safety advisory council on Friday, CNBC reported, citing documents and sources familiar with the situation. Unveiled in 2020, the council consisted of experienced users, online safety experts and anti-bullying advocates to help improve safety on the site. The company did …
Amazon’s Twitch terminates members of safety advisory council, CNBC reports Read More »
(Refiles to fix syntax in paragraph 7) (Reuters) -Amazon.com on Thursday said its customers in the U.S. can now order from Grubhub directly on its shopping app and the website, extending a deal that already offers its Prime members a no-fee access to Grubhub+ membership. As part of the agreement, Amazon Prime members will continue …
Amazon adds Grubhub food delivery to its website, app in the US Read More »
By Joe Cash BEIJING(Reuters) – China’s manufacturing activity in May likely grew at a similar pace to the previous month when it barely managed to stay expansionary, a Reuters poll showed on Thursday, reinforcing the fragile nature of the recovery in the world’s No.2 economy. The official purchasing managers’ index (PMI) was forecast at 50.4 …
By Melanie Burton and Scott Murdoch SYDNEY (Reuters) -BHP Group investors welcomed the top global miner’s decision to walk away from a $49 billion plan to take over Anglo American, which rejected three proposed offers from its bigger rival over the past six weeks. BHP’s decision to withhold a binding bid came after Anglo said …
Investors relieved BHP walked from $49 billion Anglo takeover deal Read More »
SHANGHAI (Reuters) -China’s BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen that still sell mainly gasoline cars. BYD’s chairman Wang Chuanfu unveiled the fifth generation of the hybrid technology that achieves a record low fuel consumption …
BYD unveils new hybrid tech as battle with gasoline rivals heats up Read More »
