WASHINGTON (Reuters) – A senior official at the Federal Aviation Administration said Friday the agency met its goal of hiring 2,000 air traffic controllers in the 12 months ending Sept. 30 and aims to hire 2,200 next year. Deputy FAA Administrator Chris Rocheleau announced the hiring figures at an industry conference. A persistent shortage of …
US FAA says it met goal of hiring 2,000 controllers this year Read More »
By David Shepardson WASHINGTON (Reuters) – Top U.S. media regulator Brendan Carr has sparked outrage and calls for his resignation from Democratic lawmakers and other critics after he pressured Walt Disney to stop running a late-night talk show. But his attack on comedian Jimmy Kimmel was only the latest in a string of efforts to …
Trump’s FCC Chair Carr uses old powers in new ways to rein in media companies Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s central bank is set to again lower its benchmark interest rate by a quarter of a percentage point on September 25, taking it to 7.50%, a Reuters poll showed. That would be the eleventh moderate cut since the bank, known as Banxico, began a steady easing cycle …
(Reuters) – OpenAI plans to spend about $100 billion renting backup servers from cloud providers over the next five years, the Information reported on Friday, citing company executives’ discussions with shareholders. This expenditure is in addition to the $350 billion the artificial intelligence firm has already projected to spend on server rentals from cloud providers …
OpenAI to spend $100 billion over five years on backup servers, the Information reports Read More »
MILAN (Reuters) – Monte dei Paschi di Siena has secured more than two thirds of Mediobanca’s capital, bourse data showed on Friday, crossing the ownership threshold needed to push through any extraordinary shareholder decisions. Monte dei Paschi’s hostile share-and-cash buyout offer concludes on Monday, the last day on which Mediobanca shareholders can tender their shares. …
Monte dei Paschi secures 70.5% of Mediobanca after penultimate day of tender offer Read More »
By Joel Jose (Reuters) – Major brokerages including J.P.Morgan, Goldman Sachs, Morgan Stanley and BofA expect no more interest rate cuts by the Bank of England this year after the British central bank kept its key rate on hold. The BoE’s widely expected pause on Thursday followed its quarter-point reduction in August, as it navigates …
Most major brokerages see no more BoE cuts this year Read More »
(Reuters) – Investors withdrew massive capital out of U.S. equity funds in the week to Sept. 17 as they turned cautious about the market’s lofty valuations following the recent rally through a policy rate cut by the Federal Reserve and rushed to lock in profits. According to LSEG Lipper data, investors pulled out a net …
U.S. equity funds see large outflows as investors book profit Read More »
(Reuters) – Blackstone named insider Katie Keenan as the CEO of its real estate income trust and global head of the Core+ business, the company said on Friday, following the fatal shooting of the former head of the businesses in July. Keenan has served in several leadership roles at the company in her tenure of …
Blackstone names Keenan real estate income trust CEO after LePatner’s fatal shooting Read More »
(Reuters) – OpenAI has signed a deal with Apple device assembler, Luxshare, to make a consumer device, the Information reported on Friday, citing people familiar with the matter. The device is currently a prototype under development and is expected to be pocket-sized and aware of context, designed to work closely with the ChatGPT parent’s artificial …
OpenAI taps Apple supplier to make AI device, the Information reports Read More »
(Reuters) – Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 billion consists of uninsured claims and $400 million comprises of legal costs paid …
