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By Daniel Wiessner (Reuters) -The U.S. Federal Trade Commission on Tuesday approved a rule to ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses, which it says limit worker mobility and suppress wages. The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President …

US bans worker ‘noncompete’ agreements as business groups vow to sue Read More »

By Nora Eckert DETROIT (Reuters) -General Motors on Tuesday posted quarterly results that topped Wall Street targets and the automaker raised its annual forecast, citing stable pricing and demand for gasoline-engine vehicles, and its shares rose 4.4%. Michigan-based GM boosted its adjusted pre-tax profitprojection for the year to $12.5 billion to $14.5 billion, from its …

General Motors results beat targets, forecast raised, shares jump Read More »

By Stephen Nellis (Reuters) – Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop software later this year. Adobe’s image and video editing tools are widely used by creative professionals, but it faces rising competition from startups such as Microsoft-backed OpenAI, Midjourney and Stability AI, …

Adobe to bring full AI image generation to Photoshop this year Read More »

(Reuters) – Shares of Tesla edged higher on Tuesday ahead of the electric car maker’s first-quarter results, with analysts expecting its lowest gross profit margin in more than six years. The stock was up 0.7% at $143 in premarket trading ahead of the report, due after the close of trading. CEO Elon Musk will likely …

Tesla shares edge higher ahead of quarterly results Read More »

(Reuters) – Microsoft on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such as content creation and create social media posts while using smaller amounts of data. The company introduced an AI model called Phi-3-mini, which can outperform models twice its size across a variety of benchmarks that evaluate language, …

Microsoft introduces smaller AI model Read More »

By Maria Martinez BERLIN (Reuters) – Germany’s private sector unexpectedly returned to growth in April, driven by a solid rise in activity in the country’s service sector, a preliminary survey showed on Tuesday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 50.5 this month from 47.7 in March. …

German business activity returns to growth in April, PMI survey shows Read More »

(Reuters) -Boeing expects a slower increase in the production rate and deliveries of its 787 widebody jets as the U.S. planemaker wrestles with supplier shortages “on a few key parts,” an executive on the program told workers on Monday. Boeing still plans to steadily increase its rate to meet “strong demand,” according to the memo …

Boeing expects slower increase in 787 production rate and deliveries, memo says Read More »

By Gabriel Araujo SAO PAULO (Reuters) – LATAM Airlines’ share of Brazil’s domestic market reached its highest level in 11 years in March, data from local aviation regulator ANAC showed on Monday, while rival Gol continued to falter after filing for bankruptcy. The Brazilian unit of Chile-based LATAM had a market share of 41% in …

LATAM’s share of Brazil airline market hits 11-year high as Gol drops Read More »

By Daina Beth Solomon, Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) – Chilean President Gabriel Boric told a major copper industry conference on Wednesday he expects production at state-run miner Codelco to grow slowly this year and reach 1.7 million metric tons by 2030, and that he sees copper prices rising. “The Codelco production will …

Chile’s president says Codelco output to grow; touts investment climate Read More »

By Daina Beth Solomon, Fabian Cambero and Ernest Scheyder SANTIAGO (Reuters) – Chile’s state-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile’s top producer to rival BHP, Mining Minister Aurora Williams said on Thursday. Codelco, the …

Codelco eyeing more output, not competition with BHP, Chile’s mining minister says Read More »