(Reuters) -Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday. OpenAI, the owner of ChatGPT, said Musk had communicated with Zuckerberg about potential …
Musk sought Zuckerberg help for OpenAI bid, court filing shows Read More »
(Corrects paragraph 4 to say the unit is called Fujifilm Biotechnologies, not Fujifilm Diosynth Biotechnologies) (Reuters) -Johnson & Johnson said on Thursday it would invest $2 billion in North Carolina as it aims to expand its U.S. manufacturing presence amid looming drug import duties proposed by President Donald Trump’s administration. Major drugmakers, including Eli Lilly …
J&J to invest $2 billion to boost US manufacturing as drug tariffs loom Read More »
(Reuters) -Shares of Australia’s Zip surged over 25% on Friday to hit their highest level in more than three years after the buy-now-pay-later (BNPL) company reported higher annual earnings and announced plans for a secondary U.S. listing. The company’s cash earnings before taxes, depreciation and amortization (EBTDA) more than doubled to A$170.3 million ($109.38 million) …
Australia’s Zip soars on strong earnings, outlook, US listing plan Read More »
By Sneha Kumar (Reuters) -Mexican-themed fast food chain Guzman Y Gomez reported annual profit ahead of expectations on Friday, but rising U.S. expansion-related costs and a subdued start to the new business year in Australia sent its shares down 21%. Guzman y Gomez (GYG) made its ASX debut in June 2024, marking the largest listing …
Guzman Y Gomez shares plunge on high US expansion costs, slow start in Australia Read More »
By Anna Tong SAN FRANCISCO (Reuters) -OpenAI’s chief people officer, Julia Villagra, is leaving the company on Friday, the company confirmed to Reuters. Villagra joined the San Francisco-based artificial intelligence maker in February 2024 as the head of human resources, according to her LinkedIn profile. In March, OpenAI CEO Sam Altman announced that she had …
Exclusive-OpenAI’s chief people officer to depart, company says Read More »
By Michael S. Derby and Howard Schneider NEW YORK/JACKSON HOLE, Wyoming (Reuters) -Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for U.S. central bank chief Jerome Powell’s speech to the annual Jackson Hole conference in Wyoming. “I walk into every meeting with …
Fed officials lukewarm on September rate cut as markets await Powell speech Read More »
MEXICO CITY (Reuters) -Mexican officials informed several U.S. airlines in an August 18 call that slots that had been cut at Mexico City’s main airport will be returned to them, United Airlines said in a filing made public on Thursday. Mexico’s transportation ministry did not immediately respond to a request for comment. (Reporting by Kylie …
Mexico to return capital flight slots to US airlines, United says Read More »
By Johann M Cherian, Sanchayaita Roy and Carolina Mandl (Reuters) -Wall Street’s main indexes fell on Thursday as investors feared potentially hawkish remarks by the Federal Reserve chair on Friday that could spark volatility, while big-box retailer Walmart’s quarterly results dampened sentiment. All eyes are on the Jackson Hole Economic Policy Symposium where Fed Chair …
Wall Street closes down as investors brace for Powell’s speech Read More »
(Reuters) -A ransomware attack that encrypted certain elements of dialysis firm DaVita’s network impacted 2.7 million people, the U.S. health department’s website showed on Thursday. The firm had disclosed in April that it was hit by a cyberattack. At the time, it said it would continue to provide patient care as it took measures to …
Ransomware attack at DaVita impacted 2.7 million people, US health dept website shows Read More »
By Lucy Craymer WELLINGTON (Reuters) -The hit to New Zealand confidence caused by global uncertainty will fade as businesses get used to a time of heightened economic policy unpredictability, the chief economist at the country’s central bank said on Friday. Paul Conway, chief economist at the Reserve Bank of New Zealand, said the confidence shock …
NZ business will get used to global uncertainty, RBNZ economist says Read More »
