(Reuters) – Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from suitors including Samsung Electronics, Bloomberg News reported o[...]
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Meta says its Llama AI models being used by banks, tech companies
By Katie Paul NEW YORK – Meta’s Llama artificial intelligence models are being used by companies including Goldman Sachs and AT&T for business functions like customer service, document[...]
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Best Buy lifts annual profit forecast as cost controls pay off
By Juveria Tabassum (Reuters) -Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and[...]
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Birkenstock misses quarterly profit estimates as expansion plan hits margins
By Ananya Mariam Rajesh (Reuters) -Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins,[...]
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Jack Daniel’s maker Brown-Forman misses quarterly results on tepid demand
(Reuters) – Brown-Forman missed first-quarter profit and sales estimates on Thursday, hurt by higher input costs and weaker demand for its pricey whiskey and spirits. The company’s whiskey[...]
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US second-quarter economic growth revised higher on consumer spending
WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain th[...]
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Factbox-Airlines suspend flights as Middle East tensions rise
(Reuters) – Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines[...]
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US auto sales set to rise in August on Labor Day weekend surge, report shows
(Reuters) – New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according[...]
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Uber invests in UK startup Wayve to speed up self-driving projects
By Nick Carey LONDON (Reuters) – Ride-hailing platform Uber will invest in Wayve to help the British self-driving technology startup work with major automakers to speed up the development of its[...]
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