FRANKFURT (Reuters) – Thyssenkrupp’s 27,000 steel workers must brace for deep cuts, the new head of the conglomerate’s steel division told a German newspaper, setting
Category: Business
UK clears Amazon’s AI partnership with Anthropic
(Reuters) -Britain’s competition regulator said on Friday Amazon’s artificial intelligence partnership with startup Anthropic will not be referred for a deeper probe as it did
Traders bet on second straight 50 bps Fed rate cut in November
(Reuters) – Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point interest rate cut in November after a government report Friday
Southwest’s turnaround strategy lifts shares, activist investor Elliott shrugs
By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines on Thursday unveiled a slew of initiatives to turn around its struggling business, including partnerships, vacation packages
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
(Reuters) -OpenAI’s chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been
US Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout deal
(Reuters) -U.S. Steel said on Wednesday the board of arbitration, jointly selected by the steelmaker and the United Steelworkers union to settle disputes between them,
Southwest plans to reduce Atlanta service, cut some jobs, union says
(Reuters) -Southwest Airlines plans to reduce service to and from Atlanta next year, affecting some employees on the impacted routes, unions covering the carrier’s employees
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing
Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a
Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns
By Aditya Soni and Yuvraj Malik (Reuters) – A potential deal to buy Intel could accelerate Qualcomm’s diversification but will burden the smartphone chipmaker with