Reuters US Business

SAO PAULO (Reuters) -A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters. Vale and BHP said in separate statements they were not informed by …

Brazil orders Vale, BHP and Samarco to pay $9.7 billion in damages for dam disaster Read More »

(Reuters) -BHP Group said on Friday it would review a Brazilian Federal Court decision regarding a 155 billion reais ($31.53 billion) government claim over the 2015 collapse of Fundao dam owned by Samarco, its joint venture with Vale. The company said its unit BHP Brasil had not received a decision from the court, adding that …

BHP Group to review court decision on $31.53 billion Fundao dam claim Read More »

(Reuters) -Finnish elevator and escalator maker Kone on Friday said it expected 2024 sales to be stable or to grow slightly from last year’s level on the back of strong order growth. Its 2023 sales reached 10.95 billion euros ($11.86 billion), slightly below analysts’ estimate of 11.01 billion in a poll provided by the company. …

Elevator maker Kone sees flat or slightly higher sales in 2024 Read More »

(Reuters) – Nomura on Friday forecast the U.S. Federal Reserve delivering a 100-basis-point interest rate cut in 2024 and reducing the pace of balance-sheet rundown in June, followed by an end to quantitative tightening in December. “We expect Friday’s PCE (personal consumption expenditures) report to show the 3m and 6m annualized pace of core PCE …

Nomura expects Fed to cut interest rates by 100 bps in 2024 Read More »

(Reuters) -Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry. However, the report added that Salesforce still has 1,000 jobs open across the company, implying that the move could be more …

Salesforce laying off 700 workers in latest tech industry downsizing – WSJ Read More »

By Greg Bensinger and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -GM’s Cruise self-driving car unit on Thursday revealed probes by the U.S. Justice Department and Securities and Exchange Commission stemming from an October accident in which one of its robotaxis dragged a pedestrian who had been struck by another car. Cruise reported the government investigations in …

GM Cruise robotaxi unit faces US probes over dragging incident, vows reforms Read More »

By Arsheeya Bajwa and Max A. Cherney (Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Shares of the Santa Clara, California-based company were down about …

Intel forecasts quarterly revenue below estimates, stock falls Read More »

(Reuters) – Wireless carrier T-Mobile US on Thursday forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw in consumers. The company expects to add 5 million to 5.5 million subscribers in the full year 2024, beating Wall Street expectations of 2.67 million, …

T-Mobile forecasts annual subscriber growth above estimates Read More »

(Reuters) -Amazon.com said on Thursday it plans to invest $10 billion to build two data center complexes in Mississippi. In coordination with the Madison County Economic Development Authority (MCEDA), AWS will establish multiple data center units in two Madison County industrial parks, which is projected to create at least 1,000 new jobs in the state, …

Amazon plans two AWS data centers for $10 billion in Mississippi Read More »