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 […]
(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 […]
(Reuters) – The U.S. government fund that backstops nearly $10 trillion in insured bank deposits is recovering ahead of schedule from declines and losses in recent years, while the banking system remains largely resilient, U.S. Federal Deposit Insurance Corporation officials said on Thursday. Last year’s spring banking crisis, which involved the second-, third- and fourth-largest […]
By Supantha Mukherjee STOCKHOLM (Reuters) – Facebook owner Meta’s Oversight Board on Thursday invited comments from the public on the posting of immigration-related content that may be harmful to immigrants, and shared two cases that Facebook moderators decided to keep on the platform. The board plans to assess whether Meta’s decision to only protect refugees, […]
By Jody Godoy (Reuters) – The U.S. Federal Trade Commission adopted a final rule on Wednesday requiring businesses to make it as easy to cancel subscriptions and memberships as it is to sign up, in the agency’s last major rulemaking before the Nov. 5 election. The “click to cancel” rule requires retailers, gyms and other […]
(Reuters) – Consulting giant McKinsey & Co. is close to reaching a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, Bloomberg News reported on Wednesday. A settlement, which could be announced in the coming weeks, would resolve criminal and civil […]
By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Investors and analysts are looking sceptically at computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders. The position of ASML, Europe’s most valuable technology company, as an essential supplier to […]
By Shankar Ramakrishnan, Echo Wang (Reuters) -Boeing is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike, four sources familiar with the matter told Reuters. The company on Tuesday said in regulatory filings that it […]
(Reuters) – Progressive Corp said on Tuesday its third-quarter profit more than doubled, driven by strong demand for personal auto insurance policies. Encouraged by expectations of a soft landing, individuals and businesses are spending on insurance policies despite higher prices. Wage growth and a relatively strong labor market have also given confidence to customers to […]
By Stephen Nellis (Reuters) – Intel and Advanced Micro Devices on Tuesday said they are forming a group to help make sure software works across their chips, responding to a rising challenge from Arm Holdings. Intel invented what is known as the x86 computing architecture, a technology that for 40 years has powered the world’s […]
