Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
US consumer spending slows in October; weekly jobless claims rise slightly
(Reuters) - U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that could further strengthen expectati...
Nov 30, 2023
Czech Sev.en GI agrees to buy AES’s 51% stake in Vietnamese power plant
By Jan Lopatka PRAGUE (Reuters) - Czech privately-held Sev.en Global Investments on Thursday said it will buy a majority stake in a large coal-fired plant in Vietnam from U.S. energy firm AES Corp. Th...
Nov 30, 2023
EU deal on budget review stuck because of Germany’s internal fiscal problems
BRUSSELS (Reuters) - The biggest obstacle to a deal on a mid-term revision of the European Union's 7-year budget is the internal discussion in Germany on the country's own budget, thrown into turmoil ...
Nov 30, 2023
Kroger trims annual sales view on choppy grocery demand, lower prices
(Reuters) -Kroger on Thursday cut its annual sales forecast, pinched by moderating food and grocery prices at a time when volumes have come under pressure from consumers keeping a tight lid on spendin...
Nov 30, 2023
AbbVie to buy ImmunoGen for $10.1 billion to boost cancer drug portfolio
(Reuters) - AbbVie said on Thursday it will buy drugmaker ImmunoGen for $10.1 billion, boosting its presence in the market for cancer treatments. The drugmaker will pay $31.26 per ImmunoGen share in c...
Nov 30, 2023
Microsoft president says no chance of superintelligent AI soon
By Muvija M and Martin Coulter LONDON (Reuters) - The president of tech giant Microsoft said there is no probability of a super-intelligent artificial intelligence being created within the next 12 mon...
Nov 30, 2023
ChatGPT one year on: From viral AI bot to OpenAI’s boardroom battle
(Reuters) - We asked ChatGPT, OpenAI's viral chatbot, how it felt on its first birthday. This was its reply: "Thank you for the birthday wishes! However, it's important to note that as a computer prog...
Nov 30, 2023
Ford takes $1.7 billion profit hit from UAW strike
(Reuters) -Ford Motor on Thursday said the U.S. auto workers' strike has led to a $1.7 billion hit to its profit and lost production of thousands of vehicles, as it cut its full-year earnings forecast...
Nov 30, 2023
Canada’s TD Bank’s fourth-quarter profit falls on higher provisions
(Reuters) -TD Bank Group reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside more rainy-day funds to cover for potential sour loans. Multiple interest...
Nov 30, 2023
Wall St futures rise on hopes of easing inflation
By Shristi Achar A and Amruta Khandekar (Reuters) -U.S. stock index futures gained on Thursday, ahead of a reading later in the day that is expected to add to the narrative of easing inflation and an ...
Nov 30, 2023
