Author Archives: Syndicated Content
Elon Musk revives lawsuit against Sam Altman and OpenAI, NYT reports
(Reuters) - Billionaire Elon Musk has revived a lawsuit against ChatGPT-maker OpenAI and its CEO Sam Altman, alleging that the firm put profits and commercial interests ahead of the public good, the N...
Aug 05, 2024
AI chip startup Groq valued at $2.8 billion after latest funding round
(Reuters) - Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, amon...
Aug 05, 2024
US yields slide as traders bet on big Fed rate cuts after weak data
By Harry Robertson and Ankur Banerjee (Reuters) - U.S. Treasury yields tumbled on Monday as traders moved to price in big rate cuts from the Federal Reserve, after weak jobs data stoked worries that t...
Aug 05, 2024
Honeywell Automation India's Q1 profit jumps on order execution
BENGALURU (Reuters) - Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders. The Indian unit of U.S.-based Honeywell International...
Aug 05, 2024
Quantum Capital to buy Cogentrix for $3 billion in bets on rising US power demand
-Private equity firm Quantum Capital Group will buy U.S. independent power producer Cogentrix Energy for about $3 billion from funds managed by the Carlyle Group, the companies said on Monday. Utiliti...
Aug 05, 2024
Kellanova jumps on report of buyout interest from Snickers maker Mars
(Reuters) - Shares of Pringles maker Kellanova surged more than 16% in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company. ...
Aug 05, 2024
Logitech founder urges company to replace board chair immediately
ZURICH (Reuters) - Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, who rece...
Aug 05, 2024
As U.S. heat deaths rise, some landlords oppose right to air conditioning
By Gloria Dickie August 5 (Reuters) - Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring ...
Aug 05, 2024
Indian e-scooter maker Ola Electric's IPO fully subscribed
BENGALURU (Reuters) - Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bids for shares in the Indian electric scooter maker. The SoftBank-backed comp...
Aug 05, 2024
Emerging Markets equities slump as US recession fears spark global selloff
By Lisa Pauline Mattackal (Reuters) - Emerging market equities around the world tumbled on Monday, as fears of a recession in the United States sparked a global selloff and sent investors running for ...
Aug 05, 2024
