Category Archives:
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) - GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending i...
May 09, 2023
U.S. home buyers persevere despite high rates, prices: study
By Nupur Anand NEW YORK (Reuters) - U.S. home buyers are still committed to their plans to buy a property despite rising interest rates, high inflation and slowing growth, according to a study by Bank...
May 09, 2023
Senators asks billionaire for list of gifts to Supreme Court Justice Thomas
WASHINGTON (Reuters) - The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel sai...
May 09, 2023
Tempur Sealy seeks sales bounce with $4 billion deal for Mattress Firm
(Reuters) -Tempur Sealy International Inc said on Tuesday it has agreed to acquire mattress retailer Mattress Firm in a cash-and-stock deal valued at around $4.0 billion, as the leading bedding maker ...
May 09, 2023
Fox bucks ad weakness to top profit expectations
(Reuters) -Broadcaster Fox Corp beat estimates for third-quarter revenue and adjusted profit on Tuesday, as recession-wary companies continued to advertise on its network even as they cut their spendi...
May 09, 2023
Hundreds of migrants amass near US-Mexico wall with COVID ban set to end
By Lizbeth Diaz MEXICO CITY (Reuters) - Long lines of migrants have amassed this week in the border city of Tijuana, near the sprawling wall that divides Mexico from the United States, in the final da...
May 09, 2023
Nikola to pause truck production after posting bigger quarterly loss
(Reuters) - Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its bat...
May 09, 2023
Michael Cohen calls Trump’s $500 million suit against him “pure retaliation”
By Karen Freifeld and Jonathan Stempel (Reuters) - Donald Trump's onetime lawyer and fixer Michael Cohen asked a court to throw out the former U.S. president's $500 million lawsuit against him, callin...
May 09, 2023
Ryanair set to order jets from Boeing after price spat
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Ireland's Ryanair is set to bury the hatchet with its exclusive supplier and place a multi-billion-dollar order for Boeing jets on Wednesd...
May 09, 2023
Under Armour expects dull annual sales, profit as demand slows
(Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street expectations on Tuesday in a sign that persistent inflation was hampering demand and higher discounts were eating into pr...
May 09, 2023
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