Category Archives:
U.S. alleges Seagate broke export rules to sell Huawei hard drives-source
By Karen Freifeld (Reuters) - Seagate Technology Holdings said in a filing on Wednesday it has been warned by the U.S. government that the company may have violated export control laws by providing ha...
Oct 26, 2022
Exxon strikes oil again in Guyana, raises output target
(Reuters) -Exxon Mobil Corp has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on Wednesday, adding more barrels to one of the m...
Oct 26, 2022
Boeing takes $2.8 billion hit in defense business, keeps cash flow goal
(Reuters) -Boeing Co's ailing defense unit on Wednesday recorded a $2.8 billion charge, but the U.S. planemaker stuck to its forecast of generating cash this year despite struggling to raise commercia...
Oct 26, 2022
Kia recalling 71,000 older U.S. Sportage vehicle for fire risks
By David Shepardson (Reuters) - Kia will recall 71,000 2008-2009 model year Sportage vehicles in the United States previously recalled in 2016 for fire risks and is advising owners to park outside unt...
Oct 26, 2022
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year's planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer...
Oct 26, 2022
Chinese automaker Geely’s new energy brand Farizon raises over $300 million
BEIJING/HONG KONG (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm ...
Oct 26, 2022
Ad group WPP wrestles with wage pressure in resilient quarter
By Paul Sandle LONDON (Reuters) -British ad group WPP said its global clients are investing in their brands in the face of economic uncertainties, supporting its third-quarter revenue even as wage inf...
Oct 26, 2022
TSX futures rise on commodity boost, BoC rate decision in focus
(Reuters) - Futures for Canada's resources-heavy stock index rose on Wednesday as commodity prices gained, while investors awaited policy decision from the country's central bank which is expected to ...
Oct 26, 2022
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) - The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Ban...
Oct 26, 2022
Kraft Heinz beats quarterly sales estimates on higher prices
(Reuters) - Kraft Heinz Co beat third-quarter sales estimates on Wednesday, as higher product prices offset pressure from reduced demand for its packaged meals and condiments. Global packaged foods ma...
Oct 26, 2022
Peoria, IL, USA
58 °F Partly cloudy
