Walmart-backed Ibotta targets up to $2.7 billion valuation in US IPO
(Reuters) – Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing…
Category: Business
Tesla layoffs include 14% of Buffalo workers, WARN notice shows
(Reuters) -Tesla will lay off 285 employees in Buffalo, New York, as part of its plans to trim 10% of…
Google lays off employees, shifts some roles abroad amid cost cuts
(Reuters) – Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the…
AMD introduces AI chips for business laptops and desktops
(Reuters) -Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as…
Lockheed wins US missile defense contract worth $17 billion
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to…
Tesla laying off more than 10% of staff globally as sales fall
By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen…
Broadcom questioned by EU over VMware licensing changes
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly…
Apple denies violating US court order in Epic Games lawsuit
By Mike Scarcella (Reuters) – IPhone maker Apple on Friday denied violating a court order governing its App Store and…
Lufthansa slashes 2024 outlook, citing strikes and capacity snags
BERLIN (Reuters) -Lufthansa slashed its 2024 earnings outlook on Monday, blaming a series of strikes and a slower than planned…
Pakistan repays $1 billion in Eurobonds, says central bank
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a…