(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers…
Category: Business
AMC, Regal and other US chains plan $2.2 billion in theater upgrades
LOS ANGELES (Reuters) – The largest theater chains including AMC Entertainment, Regal Cinemas and Cinemark will invest more than $2.2 billion over the next three years to upgrade theaters in the U.S….
Airbnb CEO says company focused on boosting long-term stays
By Doyinsola Oladipo NEW YORK (Reuters) – Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots…
Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire
By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up…
Blink Charging to reduce global workforce by 14% in cost-saving effort
(Reuters) -Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand….
NASA awards $4.8 billion navigation services contract to Intuitive Machines
(Reuters) – NASA has awarded Intuitive Machines a contract of up to $4.82 billion for communication and navigation services for missions in the near space region, the space exploration company said on…
Microsoft, BlackRock to launch $30 billion fund for AI infrastructure
(Reuters) -BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. AI…
Nvidia’s stock market dominance fuels big swings in the S&P 500
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt…
Delta seeks to delay resuming four daily US flights to China
WASHINGTON (Reuters) – Delta Air Lines on Friday asked the U.S. Transportation Department to allow it to delay resuming four daily flights to China, citing ongoing challenges in the market. The U.S….
Occidental’s 1PointFive secures funding of up to $500 million from US DOE
(Reuters) – Occidental Petroleum’s carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations has committed up to $500 million to support…