(Reuters) -VF Corp on Tuesday appointed former Logitech boss Bracken Darrell as its new CEO, at a time when the footwear and apparel maker is struggling with sluggish demand for its Vans sneakers and[...]
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NEWSLETTER
Air taxi maker races to serve Paris Olympics as sector struggles for funds
By Allison Lampert, Joanna Plucinska and Maiya Keidan PARIS/TORONTO (Reuters) -A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is[...]
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Gannett tiptoes into generative AI, giving humans the last word
By Helen Coster NEW YORK (Reuters) – Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to ro[...]
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World Bank’s new chief wants ‘better bank’ before pushing for bigger bank
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capit[...]
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Explainer-Why are Nvidia’s shares soaring and what is its role in the AI boom?
(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock’s price in recent months on the back of the arti[...]
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US stocks end higher as inflation data cements bets on rate hike pause
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting[...]
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Biogen rises as FDA panel backs Alzheimer’s drug, easing safety concerns
(Reuters) – Biogen’s shares rose 2% on Monday as a unanimous backing of its Alzheimer’s drug by the U.S. health regulator’s advisers strengthened the case for a traditional app[...]
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US companies face less pressure for climate and social reforms
By Ross Kerber (Reuters) – Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposa[...]
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Jobs at stake as California port terminal upgrades to green technology
By Lisa Baertlein LOS ANGELES (Reuters) – Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal’s final push to become the world’s first ze[...]
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