Reuters US Business

By Dan Catchpole (Reuters) -Boeing is “pretty confident” that it can increase production of its best-selling 737 MAX jets to 42 a month, Chief Executive Kelly Ortberg said on Thursday. The U.S. planemaker’s share price jumped 5% after Ortberg said at the Bernstein Strategic Decisions conference that he hoped to have production at 47 a …

Boeing CEO says company is ‘pretty confident’ it is ready to increase 737 MAX output Read More »

By David Shepardson WASHINGTON (Reuters) -Amazon.com’s self-driving unit Zoox issued a second software update to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month, the company said Thursday. The recall covers 270 vehicles equipped with its self-driving software, Zoox said in …

Amazon’s robotaxi unit Zoox issues second software recall after San Francisco crash Read More »

(Reuters) -Nike’s chief innovation officer, John Hoke, is retiring, the world’s largest sportswear company said on Thursday. Hoke, who joined Nike in 1992, has served as the company’s chief design officer before being named chief innovation officer in 2023. Earlier this month, Nike CEO Elliott Hill, who took the helm in October to lead a …

Nike’s longtime design and innovation chief John Hoke to retire Read More »

(This story has been corrected to fix when Grammarly was founded, in paragraph 5, and to clarify the General Catalyst fund relationship, in paragraph 11) By Krystal Hu (Reuters) -Grammarly has raised $1 billion in non-dilutive financing from General Catalyst to expand its artificial intelligence (AI) offerings, aiming to grow into a comprehensive productivity platform, …

Grammarly secures $1 billion from General Catalyst to build AI productivity platform Read More »

(Reuters) -Top mutual fund manager Vanguard Group on Thursday said it would roughly triple to 10 million the number of investors eligible to direct proxy votes in their funds, continuing an effort that would reduce the firm’s direct impact on shareholder elections. Closely-held Vanguard said it added four equity index funds to its “Investor Choice” …

Vanguard expands “Investor Choice” proxy voting program Read More »

(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation.  Comparing the economic effect of tariffs to a …

Fed’s Goolsbee: if tariffs are avoided, policy rate can come down Read More »

By Jaspreet Singh (Reuters) -The New York Times is allowing Amazon.com to use its editorial content for artificial intelligence products such as Alexa, marking the publisher’s first licensing deal tied to generative AI. The multi-year agreement lets Amazon use news articles from The Times and content from NYT Cooking and sports website The Athletic, the …

New York Times partners with Amazon for first AI licensing deal Read More »

By Sheila Dang HOUSTON (Reuters) -The arbitration proceedings in Exxon Mobil’s contractual dispute over Chevron’s planned acquisition of Hess concluded this week and a decision is expected in about two to three months, Exxon senior vice president Neil Chapman said on Thursday. While speaking at a Bernstein conference, Chapman said he was confident that a …

Exxon confident it will win dispute over Chevron-Hess deal Read More »