By Laila Kearney NEW YORK, August 4 (Reuters) -Google has signed agreements with two U.S. electric utilities to reduce its AI data center power consumption during times of surging demand on the grid, the company said on Monday, as energy-intensive AI use outpaces power supplies. Utilities in the country have been inundated with requests for …
LONDON (Reuters) -Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of U.S. supplies, in a move that could increase volatility in palladium prices. The petition filed by Johannesburg-based Sibanye-Stillwater adds another layer of uncertainty to prospects for platinum group metals (PGMs) after a …
Sibanye-Stillwater’s call for US tariff on Russian palladium may add to price volatility Read More »
By David Shepardson (Reuters) -Joby Aviation will acquire helicopter ride-share company Blade Air Mobility’s passenger business for up to $125 million, Joby said Monday, as it works to speed the deployment of electric air taxis for commercial passenger services. Blade’s medical organ transplant division is not part of the deal and will remain a separate …
Electric air taxi company Joby to acquire Blade Air’s passenger business Read More »
(Reuters) -Skydance Media CEO David Ellison will lead the new company as chief executive after its merger with Paramount Global is completed by August 7, the independent studio said on Monday. After the deal closes, the company is expected to be structured into three primary business segments – studios, direct-to-consumer and TV media. Former NBCUniversal …
David Ellison to lead combined company after Paramount-Skydance merger closes Read More »
(Reuters) -Harley-Davidson said on Monday Topgolf’s Arthur Starrs would succeed Jochen Zeitz as CEO, to help steer the storied motorcycle maker through U.S. tariffs and slowing demand for its cruiser bikes. Starrs, currently the CEO of sports entertainment company Topgolf International, is taking the reins at Harley as the sector faces cost pressures on imported …
Harley-Davidson names Topgolf’s Arthur Starrs as CEO Read More »
By Tom Polansek and Neil J Kanatt (Reuters) -Tyson Foods raised its annual revenue forecast and reported better-than-expected quarterly earnings on Monday as consumers’ increased appetite for chicken helped offset steep losses in its beef business. Shares rallied 4% after dropping on Friday to their lowest level since February 14 amid pressure from a nationwide …
Tyson Foods boosts revenue forecast as chicken sales rise Read More »
By Siddhi Mahatole (Reuters) -Lab equipment maker Waters raised the lower end of its annual profit forecast on Monday after reporting better-than-expected second-quarter results on strong demand from biotech clients for its tools used in drug development and research. Adjusted profit per share is now expected to be in the range of $12.95 to $13.05, …
Waters raises lower end of 2025 profit forecast on demand for lab equipment Read More »
By Dan Catchpole (Reuters) -More than 3,200 union members who assemble Boeing’s fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day. Boeing Defense said it was ready for the work stoppage and it will implement a contingency plan that uses non-labor …
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer Read More »
By Milana Vinn (Reuters) -Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the matter said. The private equity firm has tapped investment bankers at Evercore to advise on …
(Reuters) -New orders for U.S.-manufactured goods fell in June as commercial aircraft orders plunged, reversing the surge in plane orders that had driven the overall upswing in orders in the prior month. Factory orders tumbled 4.8% after an upwardly revised 8.3% increase in May, the Commerce Department’s Census Bureau said on Monday. Economists polled by …
US factory orders fall sharply in June on aircraft orders drop Read More »
