By Natalia Siniawski MEXICO CITY (Reuters) -Mining and transportation conglomerate Grupo Mexico reported third-quarter net profit rose more than 50%, boosted by higher sales volumes of molybdenum, silver and zinc even as copper production fell. Net profit for the group, a leading copper producer, came in at $1.29 billion from revenues that jumped 11% to …
By Jaspreet Singh (Reuters) -Palo Alto Networks is expanding its artificial intelligence-powered cybersecurity offerings, as clients seek to secure their business operations from rising hacking incidents. The company’s AI tools, combined with its planned acquisition of Israeli peer CyberArk Software, are deepening its security offerings amid a wave of high-profile cyberattacks that has hit global …
Palo Alto Networks launches AI-driven security offerings to tackle cyberattacks Read More »
By Pranav Mathur (Reuters) -Sherwin-Williams beat Wall Street estimates for quarterly profit on Tuesday, boosted by strong demand for its paints and coatings in a recovering housing market, sending its shares up 4%. U.S. home sales, which dipped in July, rebounded sharply in August to a 3-1/2-year high and held near a seven-month peak in …
Sherwin-Williams beats profit estimates on strong demand for paints, coatings Read More »
By Laila Kearney and Vallari Srivastava (Reuters) -NextEra Energy and Google have reached an agreement to restart an Iowa nuclear power plant shut five years ago, the companies said on Monday, in another sign that data-center power demand is renewing interest in U.S. nuclear energy. The technology industry’s quest for massive amounts of electricity for …
NextEra Energy partners with Google to restart Iowa nuclear plant Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -U.S. Senator Bernie Sanders on Tuesday called on Amazon.com founder Jeff Bezos to account for what the Vermont independent said were hundreds of thousands of potential lost jobs due to automation. “If Amazon succeeds on its massive automation plan, it will have a profound impact on blue-collar workers throughout …
US Senator Sanders challenges Bezos, Amazon on automation’s job impacts Read More »
By Abhinav Parmar and Lisa Baertlein (Reuters) -United Parcel Service posted better-than-expected quarterly results on Tuesday, in an early sign that its overhaul, which has included cutting 48,000 jobs this year, is making headway after several quarters of weak demand. Shares in the world’s biggest parcel delivery firm surged nearly 13% in early trading, with …
UPS profit tops forecasts as turnaround effort delivers early results Read More »
By Douglas Gillison WASHINGTON (Reuters) -The top U.S. government watchdog for consumer finance has formally scrapped a registry for non-bank financial companies caught violating consumer laws, asserting that its costs outweighed any benefit to the public, according to a government notice issued Tuesday. The repeal of the registry — which the prior administration of President …
US consumer finance watchdog formally kills Biden-era bad actor registry Read More »
(Reuters) -Carrier Global lowered its 2025 sales and profit forecasts on Tuesday, as it faces weak demand for heating, ventilation and air-conditioning products from residential markets. It also announced a buyback of up to $5 billion, sending its shares up 2.6% in early morning trading. Carrier’s sales in the Americas from residential markets fell 30% …
Air-conditioner firm Carrier trims forecasts as residential demand wilts Read More »
By Sriparna Roy and Amina Niasse (Reuters) -UnitedHealth Group raised its annual profit forecast on Tuesday and said it aims for a return to growth in 2026 that should accelerate in 2027, in a sign that turnaround efforts under new CEO Stephen Hemsley were gaining steam. UnitedHealth said it would provide a 2026 forecast in …
UnitedHealth raises 2025 profit forecast, expects 2026 pressure on Medicaid business Read More »
(Reuters) -OpenAI co-founder and CEO Sam Altman is not getting a stake in the newly restructured company, the ChatGPT maker said on Tuesday. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
