Reuters US Business

(Reuters) -Cisco Systems launched a computing device on Monday that will run artificial intelligence workloads at local entities such as retail stores, factory floors and healthcare facilities, speeding up their AI data processing capabilities. The new platform, named “Cisco Unified Edge,” is an attempt to bring AI infrastructure closer to where the data is created …

Cisco launches localized computing device to handle AI workflows Read More »

(Reuters) -Kenvue missed Wall Street estimates for third-quarter sales on Monday, while it also announced its acquisition by Kimberly-Clark for about $48.7 billion. The consumer health company’s shares rose about 20% in premarket trading following the deal. Kenvue has endured several challenges since its spinoff from Johnson & Johnson in 2023, and was especially scrutinized …

Tylenol maker Kenvue misses sales estimates amid Kimberly-Clark’s $48.7-billion deal Read More »

(Reuters) -Oil and gas major Chevron said on Monday Amit Ghai will be its controller from March 1, 2026. He will succeed Alana Knowles, who will retire after 38 years with the company. (Reporting by Pooja Menon in Bengaluru)

(Reuters) -Honeywell said on Monday it has appointed Jim Currier as president and CEO of its aerospace unit, which will become an independent publicly traded company following its planned spin-off. The company also named Craig Arnold as chairman of the Honeywell Aerospace board, effective upon completion of the planned spin-off. In the meantime, he will …

Honeywell appoints Jim Currier as CEO of aerospace unit Read More »

By Howard Schneider WASHINGTON (Reuters) -The U.S. consumer’s durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs, the potential loss of federal food benefits, and a wobbly job market outlook that is already taking a toll on …

US economy at risk of wobble as lower-income consumers get squeezed Read More »

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets World markets kicked off November in an upbeat mood, riffing off buoyant company earnings and calmer trade relations while batting away OPEC’s planned end to output hikes and this week’s Supreme Court hearing on President Donald Trump’s …

Morning Bid: November lift ahead of tariff hearing Read More »

By Clara Denina LONDON (Reuters) -Activist fund Palliser Capital has intensified pressure on Rio Tinto to mount a “now or never” counterbid for Teck Resources, urging the mining giant to unify its dual-listed structure and spin off its base metals business to create a copper powerhouse, a letter to the board seen by Reuters shows. …

Exclusive-Activist Palliser dials up heat on Rio Tinto to mount bid for Teck, letter shows Read More »