By Max A. Cherney SAN FRANCISCO (Reuters) – Google unveiled a swath of fresh artificial-intelligence technology and partnerships on Tuesday that were geared toward bringing more of the growing technology to large businesses. The batch of announcements from its Google Next conference in San Francisco included new customers for its cloud software such as General …
(Reuters) – S&P Global Ratings on Tuesday downgraded Rite Aid Corp to “CCC-minus” from “CCC-plus” on increased risk from restructuring. The downgrade is based on the view that the company may pursue a distressed restructuring or bankruptcy in the next six months, S&P Global said. Rite Aid is preparing to file for bankruptcy in the …
S&P Global downgrades Rite Aid on restructuring risk Read More »
By Anant Chandak BENGALURU (Reuters) – New Zealand house prices are forecast to rise again next year due to an ongoing supply shortage and expectations for interest rate cuts, according to a Reuters poll of property market analysts. The Reserve Bank of New Zealand (RBNZ) likely ended a 20-month tightening cycle in May after taking …
New Zealand house prices to rise again on supply shortage, rate cut hopes: Reuters poll Read More »
By Svea Herbst-Bayliss, Maggie Fick and Sriparna Roy (Reuters) -Contract drug maker Catalent Inc said on Tuesday it had added four new directors to its board and will conduct a strategic review after reaching a settlement with activist investor Elliott Investment Management. The company, which has struggled with manufacturing problems at three plants and has …
Catalent reaches settlement with Elliott to explore strategic review Read More »
By Hyunjoo Jin and Joseph White (Reuters) -The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that allows drivers to keep their hands off the wheel for longer, risking collisions, documents released on Tuesday showed. The National Highway Traffic Safety Administration (NHTSA) ordered Tesla to …
Tesla faces more questions from feds on Autopilot safety Read More »
By Hannah Lang WASHINGTON (Reuters) -The U.S. securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory that could pave the way for the first product of its kind. A three-judge panel of the District of …
US court says SEC wrong to deny Grayscale’s spot bitcoin ETF proposal Read More »
By Svea Herbst-Bayliss and Maggie Fick (Reuters) -Catalent Inc is close to reaching a settlement with activist investor Elliott Investment Management which will include new directors and a pledge to review strategic alternatives such as a sale of the company, sources familiar with the matter said on Monday. The company, which has been the target …
Exclusive-Catalent to explore options after Elliot deal-sources Read More »
By Johannes Birkebaek COPENHAGEN (Reuters) – Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living in Europe were prompting consumers to buy fewer or cheaper dairy products to cut costs. The group reported a rise in sales by value in the first half of 2023 …
Arla cuts sales forecast as consumers opt for cheaper butter, cheese Read More »
By Shristi Achar A and Noel Randewich (Reuters) – Wall Street ended higher on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve’s interest rate path. All three major stock indexes rose as investors digested last Friday’s comments …
Wall Street ends higher as investors await US inflation, jobs data Read More »
By Brendan Pierson (Reuters) – 3M’s board of directors is expected to vote soon on whether to settle nearly 260,000 lawsuits by U.S. military service members and veterans who say they suffered hearing damage from using the company’s earplugs, a person familiar with the proposal said on Monday. The proposed deal comes after a failed …
3M board to vote on multibillion-dollar settlement in military earplug litigation Read More »
