By Paul Lienert and David Shepardson (Reuters) -The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a[...]
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February 9, 2023
Yahoo to lay off more than 20% of staff
(Reuters) -Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech division. The cuts will impact nearly 50% of Yahoo’s ad[...]
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AMD wins nearly a third of processor market, Arm’s climb slows, analyst report
By Stephen Nellis (Reuters) – Advanced Micro Devices Inc has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd’s rise in the PC m[...]
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High-tech dashboards, driving assistants vex luxury vehicle owners -study
By Joseph White DETROIT (Reuters) – Tesla Inc and established luxury automakers are frustrating consumers with advanced driving assistance technology and complex infotainment systems, according[...]
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Fed releases 2023 stress test scenarios for banks, including extra new shock for big firms
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve on Thursday released the hypothetical economic strains they will use to test the strength of big bank finances in its 2023 stres[...]
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Stocks, dollar slip as rate hike fears unsettle investors
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – The dollar slid and a global equity rally lost steam on Thursday as nagging concerns about the economy and the future pace of central ba[...]
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Exxon to merge some business units as part of cost-cutting plan
By Sabrina Valle and Mrinalika Roy (Reuters) -Exxon Mobil Corp said on Thursday it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. The m[...]
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Exclusive-Black Knight to shed unit in bid to save $13 billion sale to ICE -sources
By David French (Reuters) – Mortgage data vendor Black Knight Inc has decided to put its Empower loan origination software business up for sale in an effort to overcome U.S. antitrust concerns o[...]
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U.S. dollar falters as Fed outlook weighs; focus on next week’s inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell across the board on Thursday, moving in line with lower Treasury yields, as investors stuck to their views that the Federal[...]
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