By Gabriel Araujo SAO JOSE DOS CAMPOS (Reuters) -The chief executive of Brazil’s Embraer said on Friday that supply chain issues impacting planemakers have been improving but some challenges rem[...]
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April 26, 2024
Lofty US stocks leave investors punishing earnings disappointments
By Lewis Krauskopf NEW YORK (Reuters) – Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology[...]
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Apple renews talks with OpenAI for iPhone generative AI features, Bloomberg News reports
(Reuters) -Apple Inc has renewed discussions with OpenAI about using the startup’s generative AI technology to power some new features being introduced in the iPhone later this year, Bloomberg N[...]
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US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada
(Reuters) -The U.S. Air Force said on Friday that it has awarded a $13 billion contract to Sierra Nevada Corp to develop a successor to the E-4B, known as the Doomsday plane due to its ability to surv[...]
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NYCB faces tough choices on CRE loans, balance sheet diversification
(This April 24 story has been corrected to clarify that the bank spokesperson was referring to previous remarks by the CEO Joe Otting, in paragraph 12) By Niket Nishant and Manya Saini (Reuters)[...]
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Deutsche Bank to make provision for Postbank suit that will hit Q2 profit
BERLIN (Reuters) – Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and[...]
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Google plans $3 billion data center investment in Indiana, Virginia
(Reuters) – Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus in Indiana and expand sites in Virginia. A boom in artificial intelligence applications[...]
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Global stocks gain on Big Tech lift; yen slides to 34-year low
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan’s yen sank to a 34-year low after the[...]
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L3Harris cuts 5% workforce in cost-saving measure
(Reuters) – U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference c[...]
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