By Nora Eckert and Nathan Gomes DETROIT (Reuters) -Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year. A September fire at the Novelis factory in Oswego, New York that …
Ford lowers annual guidance, citing fire at supplier’s aluminum plant Read More »
RIO DE JANEIRO (Reuters) -U.S. data center operator Equinix is expanding its operations in Brazil, which the firm sees as a priority market, its managing director for Latin America Eduardo Zago said on Thursday. WHY IT’S IMPORTANT Equinix is one of the companies benefiting from the increased demand for data center infrastructure amid a surge …
Data center firm Equinix expands in Brazil, sees it as a priority market, director says Read More »
(Reuters) -Applied Materials will cut about 4% of its workforce, or roughly 1,400 jobs, to streamline operations, the chip equipment maker said on Thursday as tighter U.S. export controls on semiconductors weigh on its business. The company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to …
Applied Materials to lay off 4% of workforce to simplify operations Read More »
By Amanda Stephenson, Georgina McCartney and Arathy Somasekhar CALGARY/HOUSTON (Reuters) -U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters, as it moves to cut up to a quarter of its global workforce by next year. The memo did not specify how …
Exclusive-ConocoPhillips to lay off Canada employees in November, company memo shows Read More »
By Shivansh Tiwary (Reuters) -American Airlines raised its 2025 profit forecast on Thursday, signaling that industry-wide capacity cuts following a demand slump earlier this year had begun to yield pricing gains.Shares of the company closed up 6% after rising nearly 8% in intraday trading. A slowdown in domestic travel earlier this year, driven by economic …
American Airlines lifts 2025 profit forecast as capacity cuts aid fares Read More »
(Reuters) -Goldman Sachs is nearing a deal to buy a majority stake in talent agency Excel Sports Management at a valuation of about $1 billion, the Financial Times reported on Thursday, citing two people familiar with the matter. Goldman’s asset management division is in late-stage talks to buy a controlling stake in the agency that …
Goldman Sachs nears $1 billion deal for majority stake in Excel Sports, FT reports Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -A fifteen-year veteran of Amazon’s devices division who had a hand in developing many of the most recognizable gadgets is leaving the company at the end of October, marking the second high-level departure in October. Lindo St. Angel, vice president of hardware for Lab126, plans to leave next week, …
Amazon loses second vice president in devices division this month Read More »
By Laila Kearney NEW YORK (Reuters) -Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country’s Midwest region, the technology company said on Thursday. Big Tech’s plans to expand technologies like generative …
Google backs US gas power plant with carbon capture for Midwest data centers Read More »
By Nupur Anand and Walter Bianchi NEW YORK (Reuters) -Argentine President Javier Milei will meet with JPMorgan Chase CEO Jamie Dimon in Buenos Aires this week, according to three sources familiar with the matter. Milei will attend a conference organized by the biggest U.S. lender on Friday for bank and industry executives, including clients coming …
Argentina President Milei to meet JPMorgan CEO Dimon this week Read More »
By Sriparna Roy (Reuters) -The U.S. could have saved up to $1.5 billion in the first year following approval of a drug if the price after rebates and discounts aligned with its benchmark, an analysis from an influential drug pricing watchdog showed on Thursday. The data from the Institute for Clinical and Economic Review, based …
