By Nathan Gomes and Valerie Insinna (Reuters) – Boeing Co said on Thursday it plans to stop production of the F/A-18 Super Hornet in late 2025 after delivering the last of the fighter jets, as t[...]
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February 23, 2023
EU riles Big Tech with telecoms network costs consultation
By Foo Yun Chee BRUSSELS (Reuters) -The European Commission drew criticism from Meta Platform and other Big Tech firms on Thursday with the launch of a consultation on who should foot the bill for bil[...]
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GM to idle Indiana truck plant for two weeks as demand plateaus
By Priyamvada C (Reuters) -General Motors said on Thursday it will halt production at its Fort Wayne Assembly truck plant in Indiana for two weeks from March 27 as inventory starts to outweigh demand[...]
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U.S. West Coast port labor talks ongoing, union and employers say
LOS ANGELES (Reuters) – Labor talks covering more than 22,000 workers at U.S. seaports stretching from California to Washington State are ongoing, the union and employer group said in a joint st[...]
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Alibaba beats quarterly revenue estimates as COVID curbs ease
(Reuters) – Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its efforts to cut costs and China’s easing of COVID-19 curbs. The e-commerce g[...]
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Domino’s sales sour as delivery fees deter consumers; shares slump
By Mehr Bedi and Deborah Mary Sophia (Reuters) -Domino’s Pizza Inc missed quarterly sales estimates on Thursday as inflation-hit customers, put off by higher delivery fees, cut back on online or[...]
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Gold Fields not pursuing big M&A deals after Yamana disappointment
By Nelson Banya (Reuters) -Gold Fields will not be pursuing big acquisitions following its failed bid to buy Canada’s Yamana Gold last year, executives said on Thursday. The world’s top go[...]
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Loblaw forecasts annual profit above estimates on strong grocery demand
(Reuters) -Canadian retailer Loblaw Cos Ltd forecast annual earnings above analysts’ expectations on Thursday, helped by strength in its pharmacy business and as demand holds up for groceries. L[...]
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Lucid sees disappointing 2023 EV production as orders drop amid weakening demand
(This Feb. 22 story has been corrected to change period to third quarter from second quarter in paragraph 8) By Akash Sriram and Abhirup Roy (Reuters) – Lucid Group Inc on Wednesday forecast 202[...]
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