Reuters US Business

(Reuters) -Dayforce’s largest shareholder said it plans to vote against Thoma Bravo’s proposed $12.3 billion buyout of the HR software firm, calling the offer “underwhelming” and an attempt to take advantage of “short-term pessimism” in the sector. T. Rowe Price Associates said on Wednesday the Dayforce stock has been pressured by “misplaced” pessimism and investor …

Dayforce’s largest shareholder plans to vote against proposed Thoma Bravo buyout Read More »

By Anushree Mukherjee and Shariq Khan (Reuters) -U.S. shale drillers are facing higher prices for tungsten, a rare, ultra-hard metal used for industrial tools like drillbits, as Chinese export controls have squeezed supply, threatening U.S. President Donald Trump’s ambitions to boost America’s fossil fuel production. Tungsten makes up as much as 75% of the drillbits …

Analysis-Rising tungsten prices worsen oil drillers’ inflation worries Read More »

By Jessica DiNapoli NEW YORK (Reuters) -Coca-Cola is introducing mini 7.5-ounce single-serve cans of some of its sodas in U.S. convenience stores early next year, hoping cash-strapped and calorie-conscious consumers will be attracted to the smaller, cheaper drinks. Later this year, Atlanta-based Coke will also introduce glass bottles of Coca-Cola soda sweetened with cane sugar …

Coca-Cola to introduce mini 7.5-ounce cans in US convenience stores Read More »

(Reuters) -OpenAI and Anthropic are exploring the use of investor funds to settle potential multibillion-dollar lawsuits, the Financial Times reported on Wednesday. Copyright owners have launched a series of high-stakes lawsuits against tech firms, including OpenAI, Microsoft, and Meta Platforms, alleging unauthorized use of their material to train AI systems. OpenAI, which has tapped Aon, …

OpenAI, Anthropic eye investor funds to settle AI lawsuits, FT reports Read More »

AMSTERDAM (Reuters) -Nearly every large company to have introduced AI has incurred some initial financial loss, an EY survey published on Wednesday said, often due to compliance failures, flawed outputs, bias, or disruptions to sustainability goals. Reputational damage or legal problems were less frequently reported. EY, the British business services firm formerly known as Ernst …

Most companies suffer some risk-related financial loss deploying AI, EY survey shows Read More »