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(Reuters) – Chipmaker Texas Instruments forecast first-quarter revenue below Wall Street targets on Tuesday as a wider economic downturn threatens to shake last year’s resilient demand in its key industrial market. Shares of the Dallas, Texas-based company fell 2% in extended trading. In 2022, the stock lost more than 12% as the chip sector faced …

Texas Instruments forecasts first-quarter revenue below expectations Read More »

(Reuters) – The U.S. Justice Department sued Alphabet’s Google on Tuesday, marking the third antitrust lawsuit filed against a tech giant since the Trump administration kicked off investigations of the platforms and the Biden administration pledged to press on with the probes. Following are major U.S. government lawsuits and investigations regarding Big Tech. Google: The …

Factbox-Biden administration continues Trump antitrust focus on tech giants Read More »

By Jeffrey Dastin and Chavi Mehta (Reuters) – Amazon.com Inc said on Tuesday it is offering a $5 monthly subscription plan for U.S. Prime members that will cover a range of generic drugs and their doorstep delivery, furthering the ecommerce giant’s push into healthcare. The program, named RxPass, includes more than 50 medications addressing over …

Amazon deepens healthcare push with $5 monthly subscription Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by …

Wall Street extends rally, powered by tech bounce Read More »

(Reuters) -CVS Health Corp said on Monday that David Joyner would return to head the U.S. diversified healthcare company’s pharmacy services and tapped former Cigna Corp executive Amy Bricker as its chief product officer for consumer business. Joyner will become the chief of the pharmacy services segment, which also includes the company’s pharmacy benefits management …

CVS names new pharmacy services, consumer product chiefs Read More »

(Reuters) -Canada’s Ritchie Bros Auctioneers on Monday sweetened the cash component of its buyout offer for IAA Inc by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will allow Ritchie …

Canada’s Ritchie Bros raises cash payout under revised offer for IAA Read More »

By Dietrich Knauth NEW YORK (Reuters) – A lawyer for the bankrupt Genesis Global Capital said on Monday that the cryptocurrency lender had some confidence it could resolve its disputes with creditors this week, with a goal of emerging from Chapter 11 by late May. Sean O’Neal, the lawyer, spoke at a hearing in Manhattan …

Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes Read More »

(Reuters) -About 19% of all cars sold in California last year were zero-emission vehicles (ZEVs), accounting for 40% of all ZEV sales including hybrid vehicles in the United States, data showed. United States President Joe Biden has called for 50% of all new vehicle sales by 2030 to be EVs or plug-in hybrids (PHEV). California …

California accounted for 40% of U.S. zero-emission vehicle sales in 2022 Read More »