By Supantha Mukherjee STOCKHOLM (Reuters) – Eutelsat, the world’s third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk’s SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off with Eutelsat satellites from California’s Vandenberg Space Force […]
Boeing exploring asset sales to boost finances, WSJ reports
(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday. The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people […]
Watchlist: Key Earnings from Tesla, Boyd Gaming, Verizon, Lockheed Martin, and GE Aerospace
As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual […]
Elon Musk promises to award $1 million each day to a signer of his petition
By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) – Billionaire Elon Musk promised on Saturday to give away $1 million each day until November’s election to someone who signs his online petition supporting the U.S. Constitution. And he wasted no time, awarding a $1 million check to an attendee of his event in Pennsylvania aimed at rallying […]
Meta must face Massachusetts social media addiction lawsuit, judge rules
BOSTON (Reuters) – A Massachusetts judge has rejected Meta Platforms’ bid to dismiss a lawsuit by the state alleging the social media company purposely deployed features on its Instagram platform to addict young users and deceived the public about the dangers its product posed to teenagers’ mental health. Suffolk County Superior Court Judge Peter Krupp […]
US judge grants Google request to put Play store overhaul on temporary hold
By Mike Scarcella (Reuters) – Google said on Friday that a federal judge in California granted its request to pause his order directing the Alphabet unit to overhaul its Android app store Play by Nov. 1 to give consumers more choice over how they download software. San Francisco-based U.S. District Judge James Donato made the […]
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal. U.S. Cellular’s shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon. […]
Fed’s Bostic says he is in no rush to get rates down to neutral
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank’s 2% target. “I’m not in a rush to get anywhere,” Bostic told the Mississippi Council on Economic Education Forum on American Enterprise in […]
US sanctions Chinese, Russians over attack drones used in Ukraine
By Trevor Hunnicutt and Doina Chiacu WASHINGTON (Reuters) – The United States on Thursday sanctioned two Chinese companies and a Russian affiliate involved in making and shipping attack drones and warned the two countries to halt cooperation boosting the Ukraine war effort. New sanctions target a Chinese company, Xiamen Limbach Aircraft Engine Co Ltd, that […]
Amazon Prime Video taps former NBC anchor Williams for special election day coverage
(Reuters) – Former NBC anchor Brian Williams will host a special one-night show delivering election results and analysis to Amazon.com customers on Nov. 5, the company said on Thursday as it looks to capitalize on one of the most anticipated events of the year. The show will be produced by Glenn Weiss and Ricky Kirshner […]