(Reuters) -Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after agreeing to revamp its board in a settlement with[...]
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January 24, 2023
Sweden to upgrade Berzelius supercomputer with Nvidia AI systems
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) systems to aid in understanding various diseases such as cancer and[...]
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Volvo Cars recalls around 106,900 cars worldwide
STOCKHOLM (Reuters) – Sweden-based Volvo Cars is recalling around 106,900 cars worldwide over a suspected fault related to the brakes, a Volvo Cars spokesperson said on Tuesday. The vehicles bei[...]
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Auto lobby urges Spain to speed up vehicle electrification as sales lag
MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and speed up its electrification process as automakers struggle to recover from a pa[...]
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Union Pacific posts weak profit as storm delays shipments
(Reuters) – Union Pacific Corp reported lower-than-expected fourth-quarter profit on Tuesday, hurt by delayed shipments amid labor shortages and a winter storm that crippled freight operations a[...]
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Lockheed Martin profit outlook disappoints as supply, labor squeeze persists
By Deborah Mary Sophia and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin Corp on Tuesday forecast annual profit below Street expectations, hurt by lingering supply bottlenecks and higher co[...]
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Japan higher rates expand debt pile, balanced budget seen delayed again
By Tetsushi Kajimoto TOKYO (Reuters) -Japan raised its estimates for long-term interest rates over the coming few years in government’s twice-yearly fiscal projections issued on Tuesday, followi[...]
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3M to cut 2,500 jobs as demand weakens, profit drops
(Reuters) -3M Co said on Tuesday it would cut 2,500 manufacturing jobs after reporting a lower profit, as the U.S. industrial conglomerate faces a demand slowdown in its unit that sells products inclu[...]
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U.S. private jet buyers seek distressed planes in early sign of turbulence
By Allison Lampert (Reuters) – Some U.S. business jet buyers are looking for new aircraft whose current owners are having trouble making payments ahead of delivery, in a possible sign of early c[...]
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