Intrum files for bankruptcy in US to restructure $4.5 billion debt pile
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United…
Category: Business
Meta to introduce ads on Threads in early 2025, the Information reports
(Reuters) -Meta Platforms plans to introduce advertisements to its social media app Threads early next year, the Information reported on…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Boeing strike sinks October deliveries to 14 jets
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34…
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
By Stephen Nellis (Reuters) – Amazon.com’s cloud computing unit on Tuesday said it will offer free computing power to researchers…
Elliott calls for Honeywell break up, takes $5 billion-plus stake
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following…
Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
By Greg Bensinger (Reuters) -Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within…
Boeing exploring possible $6 billion sale of Jeppesen unit, Bloomberg News reports
(Reuters) – Boeing is exploring a possible $6 billion sale of its Jeppesen navigation unit, Bloomberg News reported on Friday.…
Rivian’s quarterly revenue slumps for first time since IPO
By Akash Sriram and Abhirup Roy (Reuters) -Rivian posted its first drop in quarterly revenue on Thursday since the electric…
Exclusive-Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump’s arrival
By Ernest Scheyder (Reuters) – The U.S. Department of Energy on Thursday finalized a $475 million loan for Li-Cycle Holdings,…