By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment…
Category: Business
AutoZone misses quarterly revenue estimates on inflation, currency rates
(Reuters) – AutoZone on Tuesday missed Wall Street estimates for second-quarter revenue, as the automotive parts retailer navigated headwinds due…
Exclusive-Elliott nominates 7 directors at Phillips 66, ratchets up pressure
By Svea Herbst-Bayliss NEW YORK (Reuters) – Elliott Investment Management nominated seven directors to Phillips 66’s board, laying the groundwork…
Apple appeals to overturn UK government’s ‘back door’ order, FT reports
(Reuters) -Apple has appealed a British government order to create a “back door” in its most secure cloud storage systems,…
Factbox-Intel’s divisions in spotlight as TSMC, Broadcom circle
(Reuters) – Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied…
Amazon unveils AI scheme to tackle flood risks in Spain’s Aragon
MADRID (Reuters) – Tech giant Amazon on Monday said it will use artificial intelligence to reduce flood risks in Spain’s…
Apple sued over ‘carbon neutral’ claim for watches
By Jonathan Stempel (Reuters) – Apple has been sued by consumers who said its claim that three versions of Apple…
Ford slashes manager stock bonuses to cut costs, boost performance
(This Feb. 18 story has been corrected to fix the date of new tariffs on Canada and Mexico to March…
Electric transport groups urge EU not to ease CO2 emission rules
By Alessandro Parodi and Philip Blenkinsop (Reuters) – The European Union should reject European automakers’ push to weaken 2025 CO2…
Exclusive-JPMorgan executive calls for ‘more hustle’ after return to office mandate
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted…