Dec 4 (Reuters) – U.S. Steel said on Thursday it has begun the process to restart operations in one of two blast furnaces at Granite City Works, driven by customer demand. “After several months of carefully analyzing customer demand, we made the decision to restart a blast furnace,” said U.S. Steel CEO David Burritt. The …
US Steel to restart Granite City’s blast furnace to support customer demand Read More »
Dec 4 (Reuters) – Activist investor Elliott Management is close to striking a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Details of the settlement could not be learned, according to the report. Elliott had taken a roughly $4 billion stake in the beverage and snacks …
Activist investor Elliott nears settlement with PepsiCo, WSJ reports Read More »
(Corrects spelling of CEO’s name in second to last paragraph) By Arriana McLymore, Jessica DiNapoli and Susan Heavey NEW YORK, Dec 4 (Reuters) – Global cosmetics maker Estée Lauder Companies is focused on expanding market share and increasing sales by developing new brands, targeting younger shoppers worldwide and customizing products to meet consumers’ needs across …
Estée Lauder driving growth with new brands, global focus Read More »
Dec 4 (Reuters) – Cybersecurity firm SentinelOne forecast fourth-quarter revenue below analysts’ expectations on Thursday, and said Chief Financial Officer Barbara Larson will step down. The shares of the company fell more than 7% in extended trading. The muted outlook underscores the challenges SentinelOne faces as it navigates an increasingly competitive cybersecurity market, where artificial …
SentinelOne forecasts lackluster revenue, CFO to depart Read More »
Dec 4 (Reuters) – Apple on Thursday announced that Meta Platforms’ chief legal officer, Jennifer Newstead, will join the company as its general counsel and senior vice president. Newstead, who previously served as the legal adviser of the U.S. Department of State, will become Apple’s general counsel in March, after assuming the role of senior …
Apple appoints Meta’s Newstead as general counsel amid executive changes Read More »
By Leila Miller SAN JUAN, Argentina, Dec 4 (Reuters) – In Argentina’s rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize on its favorable climate to cash in on worldwide demand for the nut, which has been …
Boosted by Dubai chocolate craze, Argentina bets on pistachios Read More »
Dec 4 (Reuters) – Ulta Beauty raised its annual sales and profit forecast on Thursday, betting on strong demand for its makeup and skincare products going into the holiday season. Shares of the company, which also reported third-quarter results above estimates, were up about 5% in trading after the bell. The cosmetic retailer enjoyed strong …
Ulta Beauty lifts annual forecasts on demand for cosmetics Read More »
By David Shepardson WASHINGTON, Dec 4 (Reuters) – A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school year. The National Highway Traffic Safety Administration opened …
Dec 4 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday that spot crypto asset contracts will begin trading for the first time on futures exchanges registered with the agency. The move, first hinted at in August is another effort by the Trump administration to weave digital assets into mainstream finance and …
Spot crypto products to begin trading on CFTC-registered exchanges Read More »
By Byron Kaye and James Redmayne SYDNEY, Dec 4 (Reuters) – Australia’s internet regulator said a teen social media ban would be the first domino to fall in a global push to rein in Big Tech, as Meta’s Instagram, Facebook and Threads began locking out hundreds of thousands of accounts ahead of a deadline next …
Australia says the world will follow social media ban as Meta starts blocking teens Read More »
