By David French, Isla Binnie and Mrinalika Roy (Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence. Record power demand and dizzying projections …
AI to fuel bumper year for M&A in US power sector Read More »
By Max A. Cherney, Stephen Nellis (Reuters) -Intel on Wednesday named former board member and chip industry veteran Lip-Bu Tan as its CEO and signaled the struggling but storied chipmaker was unlikely to split up its chip-design and manufacturing operations. The appointment, effective March 18, comes three months after Intel ousted CEO and company veteran …
Intel appoints chip industry veteran Lip-Bu Tan as CEO Read More »
By Zaheer Kachwala (Reuters) -Adobe forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups. Shares of the company fell more than 4% in extended trading. The company expects second-quarter revenue to be between $5.77 billion and …
Adobe’s dull forecast raises AI monetization doubts, shares fall Read More »
By Virginia Furness and Simon Jessop LONDON (Reuters) – The world’s leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told Reuters, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action. Shargiil Bashir, Chief Sustainability …
Bank climate coalition seeks to overhaul rules, chair says Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country’s Diyarbakir Basin, Turkish Energy Minister Alparslan Bayraktar said on social media platform X on Wednesday. “This cooperation will greatly contribute to our goal of bringing Turkiye’s …
Turkey to develop its shale fields with US producer Continental Resources Read More »
By Fanny Potkin, Milana Vinn and Wen-Yee Lee SINGAPORE/NEW YORK/TAIPEI (Reuters) -TSMC has pitched U.S. chip designers Nvidia, Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate Intel’s factories, according to four sources familiar with the matter. Under the proposal, the Taiwanese chipmaking giant would run the operations of …
Exclusive-TSMC pitched Intel foundry JV to Nvidia, AMD and Broadcom, sources say Read More »
By Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters forecast annual revenue below expectations on Wednesday, becoming the latest U.S. apparel maker to signal a demand slowdown for clothing and accessories as well as a hit to margins from President Donald Trump’s tariffs on China. Shares of the Aerie activewear brand maker fell 5% in extended …
American Eagle flags demand woes, says tariffs may dent margins Read More »
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission said on Wednesday it does not need to delay a September trial against Amazon, reversing an attorney’s statement earlier in the day that resource shortfalls due to cost-cutting required an extension. Jonathan Cohen, an attorney for the FTC, said he was wrong about the lack of …
FTC no longer seeks DOGE-related delay in Amazon trial Read More »
(Reuters) – The U.S. Federal Trade Commission on Wednesday reversed one of its lawyer’s statements in court that it needed to delay the trial in its consumer protection case against Amazon.com, after earlier citing “severe resource shortfalls” caused by cost cutting measures. The agency said it can meet the schedule set by the court. (Reporting …
FTC withdraws bid to delay Amazon trial over DOGE cuts Read More »
By Marcelo Teixeira NEW YORK (Reuters) -North American coffee market participants are seeking clarity on how the trade war started by the administration of U.S. President Donald Trump impacts their businesses across the region, where operations are highly interconnected. Companies have roasting, packaging and trading bases in both the United States and Canada in order …
North America coffee industry seeks answers amid trade war Read More »
