By Pooja Menon (Reuters) -Dow reported a smaller-than-expected adjusted quarterly loss in the third quarter on Thursday, as cost cuts and higher volumes from new U.S. Gulf Coast assets helped offset weakness in global chemical prices, sending its shares up 10.7%. The company, which began a strategic review of some of its European assets in …
Dow beats loss estimates on cost cuts, new US capacity Read More »
By Harshita Mary Varghese (Reuters) -T-Mobile added more than 1 million monthly bill-paying wireless subscribers to top estimates in the third quarter and raised its annual forecast, powered by a wave of customers switching from rivals during the crucial iPhone launch period. For U.S. wireless carriers, the reported quarter is seasonally critical as Apple’s latest …
T-Mobile lifts annual forecast as subscriber gains top estimates on iPhone upgrades Read More »
By Zaheer Kachwala, Harshita Mary Varghese and Aditya Soni (Reuters) -David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in what could be the media industry’s biggest merger in years. …
David Ellison’s Paramount seen as front-runner for Warner Bros Discovery deal Read More »
By Medha Singh (Reuters) -Shares of U.S. quantum computing companies jumped on Thursday after the Wall Street Journal reported that President Donald Trump’s administration is in discussions to acquire equity stakes in exchange for federal funding. Shares of IonQ, Rigetti, D-Wave Quantum and Quantum Computing surged between 7.8% and 16% after the report said the …
Quantum computing firms jump after report of US government stake talks Read More »
MOSCOW (Reuters) -The United States has imposed sanctions on Russia’s largest oil companies, Lukoil and Rosneft, in Washington’s toughest measures on Russian business since the start of the war in Ukraine. Here are some details about the two companies, which together account for around half of Russia’s oil output: ROSNEFT * The company is led …
Factbox-The two Russian oil giants hit with US sanctions Read More »
By Nicholas P. Brown NEW YORK (Reuters) -Nike on Thursday said it is working on a motorized footwear system to help casual athletes and mobility-impaired people move faster, one of four new products it teased in its latest effort to show the world it is still on the cutting-edge of sports technology. Known as …
Nike working on motorized sneakers as it seeks to reclaim innovation edge Read More »
By Juveria Tabassum and Aishwarya Venugopal (Reuters) -Once a Wall Street darling worth roughly $14 billion, Beyond Meat is now a meme stock. While the company’s decline started after the pandemic when rising inflation made its expensive products unattractive, a consumer shift toward healthier foods amid the “Make America Healthy Again” movement and the rise …
Analysis-Boom to bust: Beyond Meat struggles to stay relevant Read More »
(Reuters) -U.S. utility CenterPoint Energy on Thursday posted a higher-than-expected third-quarter profit, driven by regulatory recovery and rising industrial demand, including new AI data center loads in Houston, Texas. The industrial throughput in its Houston Electric segment has risen over 11% year-to-date. “The Greater Houston area is experiencing strong economic momentum, supported by one of …
CenterPoint beats profit estimates on industrial power demand, regulatory recovery Read More »
(Reuters) -Battery recycling firm Redwood Materials said on Thursday it has closed a $350 million funding round led by venture capital firm Eclipse Ventures, with participation from new investors including Nvidia’s investment arm, NVentures. The fundraise for Redwood comes at a time when boosting domestic supply of critical materials has become a priority for several …
Battery recycling firm Redwood raises $350 million from Eclipse Ventures, Nvidia Read More »
By Yadarisa Shabong and Alexander Marrow (Reuters) -Unilever has not seen a significant impact on consumer sentiment so far from the government shutdown in its key U.S. market, the CEO of the consumer goods company said on Thursday. The shutdown is entering its fourth week amid a deadlock over funding, raising concerns among businesses about …
Unilever CEO says US government shutdown has not dented consumer sentiment Read More »
