Business
Planemaker Embraer CEO says supply chain has been improving
By Gabriel Araujo SAO JOSE DOS CAMPOS (Reuters) - The chief executive of Brazil's Embraer said on Friday that supply chain issues impacting planemakers have been improving but some challenges remain. Francisco Gomes Neto told reporters at an ...
US regulators set to seize Republic First Bancorp, WSJ reports
(Reuters) - U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday citing people familiar with the matter. The deal could be announced as soon as ...
Google plans $3 billion data center investment in Indiana, Virginia
(Reuters) - Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus in Indiana and expand sites in Virginia. A boom in artificial intelligence applications has increased the demand for cloud computing, ...
L3Harris cuts 5% workforce in cost-saving measure
(Reuters) - U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday. The announcement confirms a Reuters ...
Deutsche Bank to make provision for Postbank suit that will hit Q2 profit
BERLIN (Reuters) - Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year profitability. Germany's flagship lender ...
American Airlines to adjust routes amid Boeing 787 delivery delays
(Reuters) - American Airlines will be making adjustments to certain routes in the second half of 2024 and the first quarter of 2025, the carrier said on Friday, citing ongoing Boeing 787 delivery delays. "We're making these adjustments now to ...
Lofty US stocks leave investors punishing earnings disappointments
(In paragraph 9, please read: "The benchmark 10-year Treasury yield hit 4.74% this week", not "hit 5.74%") By Lewis Krauskopf NEW YORK (Reuters) -Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the ...
Tesla to lay off 693 employees in Nevada, government notice says
SAN FRANCISCO (Reuters) -Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice showed, as part of its plan to cut more than 10% of its global workforce amid dropping sales and rising competition. The notice ...
X tells Brazil court 'operational faults' allowed blocked users to remain active
By Ricardo Brito BRASILIA (Reuters) - Lawyers representing X in Brazil told the Supreme Court on Friday that "operational faults" have allowed users who were ordered blocked to stay active on the social media platform. Supreme Court Justice ...
New York affordable internet law revived by federal appeals court
By Jonathan Stempel NEW YORK (Reuters) - A divided federal appeals court revived a 2021 New York state law intended to provide affordable high-speed internet service to low-income families, setting aside a permanent injunction and handing a ...