By Raphael Satter WASHINGTON (Reuters) – Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally. In a blo[...]
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April 24, 2024
Ford profit beats on commercial sales; EVs still dragging
By Nora Eckert (Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street’s expectations, bolstered by a strong performance in its commercial vehicle division and[...]
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Whirlpool to cut 1,000 jobs globally
(Reuters) -Whirlpool Corp will lay off about 1,000 salaried employees globally, the home appliances maker said on Wednesday. The company said it first cut jobs in March and expects a second wave of re[...]
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China’s BYD seeks to redefine luxury for the EV generation
BEIJING (Reuters) – Chinese EV maker BYD will showcase its premium brand’s first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany’s Mercedes-Benz[...]
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Court revives Whole Foods worker’s lawsuit over ‘Black Lives Matter’ masks
By Jonathan Stempel and Daniel Wiessner (Reuters) – A U.S. appeals court revived a lawsuit accusing Whole Foods of illegally firing a worker who refused to remove her “Black Lives Matter[...]
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Blackstone to buy restaurant chain Tropical Smoothie
(Reuters) – Blackstone has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal that a source said valued the restaurant chain at $2 billion. The Atlanta-ba[...]
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Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) – Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading[...]
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Fund offering ‘venture capital’ exposure sends investors on meme-like ride
(This April 23 story has been corrected to fix the date of the share sale to April 12, not April 16, in paragraph 8) By Suzanne McGee (Reuters) – A new fund that allows shareholders access to pr[...]
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Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties
By Granth Vanaik (Reuters) -Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand for its burritos and rice bowls despite higher menu prices. Shares[...]
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