By Kanishka Singh WASHINGTON (Reuters) -ChatGPT maker OpenAI was awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools, the Pentagon said in a statement on Monday. “Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” …
(Reuters) -Lennar’s second-quarter revenue beat Wall Street estimates on Monday, as its incentives for home buyers lifted sales. Shares of the U.S. homebuilder rose 2.3% after the bell. Lennar has used mortgage rate buydowns, price cuts and cost adjustments to maintain its sales pace during the quarter, offsetting the impact of rising mortgage rates and …
US homebuilder Lennar’s quarterly revenue beats estimates on higher sales Read More »
(Reuters) -Japan’s SoftBank Group Corp is looking to raise nearly $4.9 billion in an unregistered overnight block sale of T-Mobile shares, Bloomberg News reported on Monday. SoftBank is offering to sell 21.5 million shares for $224 to $228 each, Bloomberg said, citing the deal terms. Bank of America Corp is working on the deal. The …
SoftBank seeks to raise $4.9 billion in T-Mobile share sale, Bloomberg News reports Read More »
-Regeneron Pharmaceuticals has declined to submit a new bid for genetic testing company 23andMe exceeding its original winning bid of $256 million, a company spokesperson told Reuters on Monday. WHY IT’S IMPORTANT Co-founder Anne Wojcicki is set to regain control of 23andMe after a $305 million bid from a nonprofit she controls topped Regeneron’s offer …
Regeneron declines to make higher bid for 23andMe after Wojcicki’s $305 million offer Read More »
By Isla Binnie NEW YORK (Reuters) -Stock indexes closed higher after last week’s losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings. Oil prices …
Iran ceasefire hopes bolster stocks, central banks in focus next Read More »
NEW YORK (Reuters) -Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday. The cost to build new gas-fired power plants, meanwhile, has hit a 10-year high amidst the country’s record electricity …
Renewable energy remains cheapest power builds as new gas plants get pricier Read More »
(Reuters) -Beauty company Coty is seeking buyers for a selloff in two parts, fashion trade publication WWD reported on Monday, citing multiple industry sources. The company intends to sell both its luxury segment, which houses brands such as Hugo Boss, Gucci and Burberry, and its consumer division, including CoverGirl and Max Factor, the report said. …
CoverGirl parent Coty exploring sale, WWD reports Read More »
NEW YORK (Reuters) -Shares of EchoStar rose as much as 50% on Monday following a late Friday Bloomberg report that U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company’s wireless spectrum licenses. The telecommunications services company’s stock also …
(Reuters) -The Trump Organization launched a smartphone and self-branded mobile service on Monday, called Trump Mobile, in a new effort to attract conservative consumers with a wireless service positioned as an alternative to major telecom providers. Some key details about the venture, including those about the family’s partner in the business and the financial terms …
Factbox-What we know about Trump Organization’s mobile service Read More »
By Jonathan Stempel NEW YORK (Reuters) -MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York Attorney General Letitia James resolves claims that MoneyGram repeatedly …
MoneyGram settles with New York over money transfers after US CFPB quits case Read More »
