By Emma Rumney LONDON (Reuters) -Philip Morris International is preparing to launch its flagship heated tobacco device IQOS in Austin, Texas, indicating it will be the first testing ground for its U.S. entry, job adverts on LinkedIn show. IQOS, the top selling heated tobacco device globally, sits at the core of the world’s biggest tobacco …
Philip Morris nears Texas launch of flagship heated tobacco device Read More »
TOKYO (Reuters) -Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities and insurance. Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the re-organisation, which is set to take …
Rakuten Group aims to integrate bank, fintech units Read More »
BEIJING (Reuters) -Chery announced on Monday that it would offer purchase tax breaks, trade-in subsidies and auto finance discounts on some of its best-selling combustion models, as a cutthroat price war rages in the world’s largest auto market. Among Chery’s combustion models eligible for the new incentives effective Monday are the Tiggo 8 Pro champion …
China’s Chery offers tax breaks, subsidies on some combustion vehicles Read More »
BEIJING (Reuters) – New home prices in China rose at the fastest pace in more than two and a half years in March versus a month earlier, a private survey showed on Monday, driven by a slew of supportive steps to prop up the crisis-hit property sector. The average new home price across 100 cities …
China’s new home prices rise at fastest pace in over 2-1/2 years, survey shows Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -The California Public Employees Retirement System (CalPERS) said on Friday it voted to elect activist investment firm Trian Fund Management’s two director candidates to Walt Disney’s board, in one of the most closely watched and expensive battles for corporate control. “CalPERS believes Walt Disney Co will benefit from fresh …
US pension fund CalPERS backs Peltz, Rasulo in Disney board battle Read More »
By Mike Scarcella and David Shepardson WASHINGTON (Reuters) – Meta Platforms cannot delay the U.S. Federal Trade Commission from reopening a probe into alleged privacy failures by its Facebook unit while the company pursues a lawsuit challenging the agency’s authority, a U.S. court ruled Friday. The Washington, D.C.-based U.S. Court of Appeals for the D.C. …
Meta cannot delay US FTC from reopening privacy probe, court says Read More »
By Steve Holland and Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden’s administration will soon announce a 10% cap on yearly rent increases for certain affordable housing units that are subsidized by the federal government, a senior administration official said on Friday. The step restricts rent increases by property owners if they are part …
US to cap rent raise for some affordable housing units, official says Read More »
(Reuters) -Microsoft and OpenAI are working on plans for a data center project that could cost as much as $100 billion and include an artificial intelligence supercomputer called “Stargate” set to launch in 2028, The Information reported on Friday. OpenAI did not immediately respond to Reuters’ requests for comment. Rapid adoption of generative artificial intelligence …
Microsoft, OpenAI plan $100 billion data-center project, media report says Read More »
(Reuters) -Spirit Airlines’ said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues. The carrier said in a filing with the U.S. Securities and Exchange Commission the agreement would boost liquidity by between $150 million …
Spirit Airlines gets credit from IAE that will boost liquidity Read More »
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Thursday dismissed seven lawsuits by investors who accused Goldman Sachs Group Inc and Morgan Stanley of misconduct that fueled the rapid March 2021 collapse of Bill Hwang’s $36 billion firm Archegos Capital Management. U.S. District Judge Jed Rakoff in Manhattan dismissed the investors’ market …
Goldman, Morgan Stanley win dismissal of lawsuits over Archegos collapse Read More »
