Category Archives:
Investment consortium to buy Syneos Health in $7.1 billion deal
(Reuters) - An investment consortium, comprising of Elliott Investment Management, Patient Square Capital and Veritas Capital, has agreed to buy Syneos Health Inc, in a deal valued at $7.1 billion, in...
May 10, 2023
Rivian results charge up shares amid EV startup gloom
By Akash Sriram (Reuters) - Shares of Rivian Automotive Inc rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff comp...
May 10, 2023
Trulieve Cannabis posts lower first-quarter revenue
(Reuters) - Trulieve Cannabis Corp reported a 9% fall in first-quarter revenue on Wednesday, hurt by subdued demand for pot and related products. Recent banking failures and interest rate hikes have r...
May 10, 2023
China urges giant state firms to be tech ‘pillars’ in self-reliance drive
BEIJING (Reuters) - China has urged big state-owned enterprises (SOEs) to play a key role in its drive to attain self-reliance in technology, raising the stakes in the race amid rifts with the United ...
May 10, 2023
Futures lower as focus shifts to inflation data
(Reuters) - U.S. stock index futures were lower on Wednesday as investors awaited a key reading on inflation to see whether the Federal Reserve was successful in bringing down rising prices. The Consu...
May 10, 2023
Ford’s new muscle truck, Ranger Raptor, made possible by EVs
By Joseph White DETROIT (Reuters) - Ford Motor Co on Wednesday unveiled the latest addition to its muscle truck franchise - a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension...
May 10, 2023
Google expected to unveil its answer to Microsoft’s AI search challenge
By Jeffrey Dastin (Reuters) - Alphabet Inc's Google on Wednesday is expected to unveil more artificial intelligence in its products to answer the latest competition from Microsoft Corp, which has thre...
May 10, 2023
U.S. prosecutors look at short selling in bank shares – source
By Chris Prentice NEW YORK (Reuters) - Federal prosecutors in Washington are looking into short seller activity around the recent volatility in U.S. bank shares sparked by the failure of three regiona...
May 10, 2023
US airlines thrown a curveball as consumer habits change post-pandemic
By Rajesh Kumar Singh CHICAGO (Reuters) - Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting fli...
May 10, 2023
US credit crunch didn’t start with SVB collapse, and may not end there
By Howard Schneider WASHINGTON (Reuters) - It wasn't the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of western Maryland...
May 10, 2023
Peoria, IL, USA
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