Maersk warns of major disruption as it diverts ships away from Red Sea
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk is diverting all container vessels from Red Sea routes around Africa’s Cape of Good…
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China-U.S. cooperation ‘no longer an option … but an imperative’ – Wang Yi
By Liz Lee and Ethan Wang BEIJING (Reuters) -Chinese Foreign Minister Wang Yi said on Friday the most urgent task…
Pharmacy chain Walgreens cuts dividend to save cash, shares slump
By Bhanvi Satija and Mariam Sunny (Reuters) -Walgreens Boots Alliance on Thursday nearly halved its dividend payout as it attempts…
US plans $162 million award to Microchip Technology to boost production
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it plans to award Microchip Technology $162…
Mobileye’s supply glut warning rattles auto chip stocks
(Reuters) -Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will…
US chip stocks tumble after strongest year since 2009
By Noel Randewich (Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street’s main…
Wall St notches second lower finish as 2024 starts with profit-taking
By David French (Reuters) – U.S. stock indexes ended the second session of the year down again in extended profit-taking…
Disney wins activists’ backing in boardroom fight with Peltz
By Svea Herbst-Bayliss (Reuters) -Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co…
Apple agrees to settle lawsuit over iTunes gift card scam
By Jonathan Stempel (Reuters) – Apple has agreed to settle a lawsuit accusing the company of knowingly letting scammers exploit…
Intel spins out AI software firm with backing from DigitalBridge
By Stephen Nellis (Reuters) – Intel on Wednesday said it was forming a new independent company around its artificial intelligence…