(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its privatization, Centrais Eletricas Brasileiras SA, as the company is formally known, posted a net income of 1.4 billion reais ($276.03 million). Adjusted earnings before interest,…
By James Pearson LAS VEGAS (Reuters) – A digital vulnerability in the computer systems used on some Boeing Co aircraft that could have allowed malicious hackers to modify data and cause pilots to make dangerous miscalculations has been fixed, security researchers said on Friday. Older versions of a digital tool used to calculate landing…
MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine, the state statistical service said Friday. Russia was hit with a wide array of sanctions following its move into Ukraine on Feb. 24, including sanctions that cut off some…
(Reuters) -Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed. Earlier this week, Ukraine’s overseas creditors backed the country’s request for a two-year freeze on payments on almost $20 billion in international bonds. The move will…
NEW YORK (AP) — Peloton is laying off employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash. The changes were disclosed Friday in a memo to employees of the maker of high-end exercise bikes and treadmills from its new CEO…
(Reuters) – Alphabet Inc’s YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday. The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a “channel store”, the report said, citing people close to the recent…
By David Morgan, Moira Warburton and Rose Horowitch WASHINGTON (Reuters) -The Democratic-led U.S. House of Representatives approved a $430 billion bill on Friday that is seen as the biggest climate package in U.S. history, delivering a major legislative victory for President Joe Biden ahead of the Nov. 8 midterm elections. The legislation to fight climate…
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Friday rejected a legal challenge to the Federal Communications Commission’s (FCC) 2020 decision to shift much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices. The Intelligent Transportation Society of America and the American Association of…
MEXICO CITY (Reuters) -Mexican leasing firm Unifin’s debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody’s rating agency said on Friday. “Unifin’s restructuring and cessation of principal and interest payments will negatively affect Mexico’s smaller finance institutions, whose own liquidity profiles and funding sources are strained by heightened…
NEW YORK (AP) — Two Amazon-owned companies — Ring and Hollywood studio MGM — are teaming to create a TV show in the mold of “America’s Funniest Home Videos” using viral footage from Ring’s doorbell and smart-home cameras. The half-hour show, called “Ring Nation,” will be hosted by actor and comedian Wanda Sykes and premier…
