By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said on Wednesday that inspections of an initial group of 40 Boeing 737 MAX 9 airplanes have been completed, a key hurdle to eventually ungrounding the planes after a Jan. 5 cabin panel broke off in mid-flight on a new Alaska Airlines jet. On …
US FAA says first 40 inspections of Boeing 737 MAX 9 planes complete Read More »
(Reuters) – U.S. President Joe Biden’s administration on Wednesday finalized a rule requiring health insurers to set time targets for the prior authorization process for patients seeking approval for medical services under government-backed insurance plans. The Centers for Medicare & Medicaid Services (CMS), a division of the Department Of Health And Human Services, said the …
US govt sets rule meant to speed up insurance approvals Read More »
By Maha El Dahan and Dmitry Zhdannikov DAVOS, Switzerland (Reuters) – Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said. …
Exclusive-Aramco CEO predicts tighter oil markets, sees Red Sea risks Read More »
By Gilles Guillaume and Diana Mandia (Reuters) -Renault on Wednesday reported a 9% increase in annual global sales volumes for 2023, returning to growth after four consecutive years of decline and the French automaker said it was poised to continue its strong performance in 2024. The group saw its volumes drop nearly 6% in 2022, …
Renault 2023 sales up 9% after 4 years of sluggish volumes Read More »
(Reuters) – British drugmaker GSK said on Wednesday it had raised 978 million pounds ($1.24 billion) from a discounted stake sale in Haleon, cutting its shareholding to 4.2% in the world’s largest standalone consumer healthcare firm. GSK sold around 300 million shares in its spun-off unit at a price of 326 pence per share. ($1 …
GSK raises $1.24 billion from latest Haleon stake sale Read More »
By Aditya Soni, Akash Sriram and Hyunjoo Jin (Reuters) -Elon Musk’s warning about developing AI and robotics outside Tesla unless he gets more voting control could infringe on his duties as CEO and raise questions about the automaker’s valuation, governance experts and analysts said. The outspoken billionaire said on Monday he would be “uncomfortable” building …
Analysis-Musk’s warning about Tesla stake raises governance questions Read More »
By Chandni Shah and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk said he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company, nearly double his current stake. Musk said on Monday in a post on social media platform X, …
Musk wants 25% voting control at Tesla before fulfilling AI goal Read More »
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Microsoft CEO Satya Nadella on Tuesday said he had no issue with partner OpenAI’s governance structure, two months after the startup’s non-profit board temporarily ousted its chief executive without regard to investors’ interests. “I’m comfortable. I have no issues with any structure,” Nadella said at a Bloomberg News …
Microsoft CEO ‘comfortable’ with OpenAI non-profit despite Altman ouster Read More »
(Reuters) -Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region. Experian’s key customers include banks, non-traditional lenders and insurance providers, which use its credit reports and scores to analyse and make decisions around credit …
Credit data firm Experian’s revenue rises on resilient demand Read More »
(Reuters) -Swiss chocolate maker Lindt & Spruengli on Tuesday said its 2023 sales grew by 10.3% organically and came in ahead of market expectations, boosted by higher product prices and strong sales of its pralines across markets. The maker of Lindor balls and gold foil-wrapped teddy bears attributed most of the sales growth to the …
Chocolate maker Lindt & Spruengli 2023 sales boosted by higher prices Read More »
