By Supantha Mukherjee, Martin Coulter and Sheila Dang (Reuters) -After 17 years with an iconic blue bird that came to symbolize the broadcasting of ideas to the world, billionaire Elon Musk renamed Twitter as X and unveiled a new logo, marking a focus on building an “everything app.” On Monday, a stylized white X on …
Twitter blue bird has flown as Musk says X logo is here Read More »
(Reuters) – Whirlpool Corp reported a 29.5% slide in quarterly profit on Monday as persistent inflation hit consumer spending, weakening demand for its washing machines and kitchen appliances. Shares of the home appliances maker dropped nearly 2% after the bell. Consumers are cutting back on discretionary spending as a series of interest-rate hikes over the …
Whirlpool profit slides as inflation hits appliance demand Read More »
NEW YORK (Reuters) – Drugmaker Pfizer Inc said over 30 drugs, including injections of painkiller fentanyl and anesthetic lidocaine, may see supply disruption after a tornado destroyed a warehouse at its Rocky Mount, North Carolina, plant last week. The company sent a letter late last week to its hospital customers saying it had identified around …
Pfizer says supply of some drugs may be disrupted after NC tornado Read More »
By Blake Brittain (Reuters) -Alphabet’s Google violated a software developer’s patent rights with its remote-streaming technology and must pay $338.7 million in damages, a federal jury in Waco, Texas decided on Friday. The jury found that Google’s Chromecast and other devices infringe patents owned by Touchstream Technologies related to streaming videos from one screen to …
Google owes $338.7 million in Chromecast patent case, US jury says Read More »
(Reuters) – Cadence Design Systems Inc on Monday raised its full-year revenue forecast slightly above Wall Street estimates, as a surge in artificial intelligence (AI) innovation fueled demand for custom semiconductor design. Demand for the software used to design chips has risen even amid a cyclical downturn for the industry as chipmakers and tech giants …
Cadence lifts revenue forecast as AI boom boosts chip-design demand Read More »
By Nia Williams (Reuters) -Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalise and phase out government support for the sector. Climate policy analysts said the framework was an important step forward, but fell short in continuing to …
Canada releases framework to phase out inefficient fossil fuel subsidies Read More »
By Samrhitha A and David Shepardson (Reuters) – AT&T investors will watch out on Wednesday for comments from top management on the telecom firm’s financial and legal liability for the lead-clad cables it abandoned decades ago that may have contaminated soil and water sources across the United States. The $100-billion company last week said lead-clad …
AT&T investors to focus on risk from lead cables, cash flow Read More »
By Mrinmay Dey and Michelle Conlin (Reuters) -Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction with a rebranding that will replace its well-known blue bird logo with an X after acknowledging advertisers have been slow to return. The change, which was …
Elon Musk says Twitter’s blue bird logo to be replaced by an X Read More »
By Hernan Nessi and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s government unveiled tax and currency measures on Monday that will effectively devalue the peso, as talks continue with the International Monetary Fund on the fifth review of a 2022 loan program. The IMF should in the coming days finalize the basis for a staff …
Argentina’s peso to weaken as part of anticipated IMF loan review Read More »
(Reuters) – United Parcel Service said it plans on Tuesday to resume labor talks with the Teamsters union representing 340,000 employees, an effort to avert a strike that could roil supply chains and harm the economy. The two sides in April began talks on a contract covering the company’s U.S. drivers, package handlers and loaders. …
United Parcel Service, Teamsters union to resume labor talks on Tuesday Read More »
