Walmart beats key claim in US FTC lawsuit over money transfer fraud
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge threw out a central claim in a Federal Trade Commission…
Category: Business
AI frenzy expected to have boosted Samsung Q2 profit 13-fold
By Joyce Lee SEOUL (Reuters) – Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a…
Oil prices slip after data points to cooling U.S. economy
By Katya Golubkova TOKYO (Reuters) – Oil prices fell in early trade on Thursday after U.S. employment and business activity…
Tesla cars for first time on Chinese government purchase list
SHANGHAI (Reuters) – Tesla’s best-selling Model Y was included in a list of electric and plug-in hybrid models that a…
Skydance Media’s deal to gain control of Paramount could be sealed this weekend, sources say
By Dawn Chmielewski (Reuters) – Skydance Media’s deal to acquire theater operator National Amusements, with its controlling interest in Paramount…
AbbVie cuts 2024 profit forecast on R&D expenses
(Reuters) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses…
Robinhood considering offering crypto futures in US, Europe, Bloomberg reports
(Reuters) – Robinhood Markets is considering offering cryptocurrency futures in the U.S. and Europe in the coming months, Bloomberg News…
GM’s second-quarter US auto sales growth slows
(Reuters) – General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to…
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
(Reuters) – Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday,…
Boeing to buy Spirit Aero for $4.7 billion in effort to tackle quality lapses
(Reuters) -Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion in stock, ending the near-two-decade independence of the…