ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Category: Business
Boeing strike sinks October deliveries to 14 jets
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34…
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
By Stephen Nellis (Reuters) – Amazon.com’s cloud computing unit on Tuesday said it will offer free computing power to researchers…
Elliott calls for Honeywell break up, takes $5 billion-plus stake
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following…
Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
By Greg Bensinger (Reuters) -Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within…
Boeing exploring possible $6 billion sale of Jeppesen unit, Bloomberg News reports
(Reuters) – Boeing is exploring a possible $6 billion sale of its Jeppesen navigation unit, Bloomberg News reported on Friday.…
Rivian’s quarterly revenue slumps for first time since IPO
By Akash Sriram and Abhirup Roy (Reuters) -Rivian posted its first drop in quarterly revenue on Thursday since the electric…
Exclusive-Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump’s arrival
By Ernest Scheyder (Reuters) – The U.S. Department of Energy on Thursday finalized a $475 million loan for Li-Cycle Holdings,…
Bumble beats estimates for third-quarter revenue
(Reuters) -Dating app operator Bumble beat expectations for third-quarter revenue on Wednesday, helped by growth in paid subscriptions, sending its…
Arm revenue and profit top expectations, powered by iPhone sales
By Max A. Cherney SAN FRANCISCO (Reuters) -Chip designer Arm Holdings topped revenue and profit expectations for the second quarter…