By Manya Saini DUBAI (Reuters) – Saudi Aramco said on Wednesday it had signed 34 preliminary deals with major U.S. companies, potentially worth up to $90 billion in a push to deepen commercial ties with the United States on the back of President Donald Trump’s visit to the kingdom. The announcement was made a day …
Aramco says has US tie-ups worth up to $90 billion amid Trump Gulf tour Read More »
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users …
Uber and iFood announce strategic partnership in Brazil Read More »
(Reuters) -Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor’s finance chief said on Wednesday. The fighter jets in lot 19 could potentially be awarded sooner than the second half of this …
Lockheed Martin anticipates sooner-than-expected F-35 award Read More »
(Reuters) -UnitedHealth Group CEO Stephen Hemsley will get an annual base salary of $1 million and a one-time $60 million equity award as he returns to the top role at a tough time for the healthcare conglomerate. Hemsley, 72, had led the company for more than a decade until 2017 and is re-taking the reins …
UnitedHealth’s CEO Hemsley to get $1 million annual base pay Read More »
By Helen Reid LONDON (Reuters) – Burberry shares surged 18% on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance. Burberry is in the early stages of a turnaround effort led by CEO Joshua Schulman, who …
Burberry to cut 20% of global workforce, shares jump Read More »
By Anna Tong and Krystal Hu -Harvey AI, a fast-growing legal startup, is in advanced talks to raise over $250 million in a new round of funding at a valuation of $5 billion, sources familiar with the matter told Reuters. The funding round, led by venture capital firms Kleiner Perkins and Coatue, would mark a …
Exclusive-Legal startup Harvey AI in talks to raise funding at $5 billion valuation Read More »
By Sarah McFarlane LONDON (Reuters) -U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two people familiar with the matter said. Power inverters, which are predominantly produced in China, are used throughout the world …
Rogue communication devices found in Chinese solar power inverters Read More »
(Reuters) -Ford Motor is recalling 273,789 vehicles in the United States as a loss of brake function may increase the risk of a crash, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain 2022-2024 model Navigator and Expedition vehicles, NHTSA added. Brake fluid in the affected vehicles may leak due to …
By Jessica DiNapoli NEW YORK (Reuters) -Kraft Heinz is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts. The upgrades will help lower costs by …
Exclusive-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing Read More »
(Reuters) – Warner Bros Discovery is hitting rewind on Max’s branding, bringing back the HBO name it dropped from the streaming service two years ago. The company will rebrand its streaming platform as HBO Max this summer, betting that the iconic brand’s global reputation will drive subscriber growth as it expands internationally. The return to …
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