US small business sentiment slumps to more than 10-year low

By Lucia Mutikani WASHINGTON (Reuters) -U.S. small business confidence fell to more than a 10-year low in April on worries about the near-term economic outlook and persistent worker shortages, but there were few signs that businesses were having difficulties accessing credit. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism…

Read More

KKR, Macquarie eyeing Singapore’s waste management firm SembWaste – sources

By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore’s energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with…

Read More

GM hires former Apple executive Abbott to lead software unit

(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…

Read More

Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’

LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet” in Liverpool, the English city hosting the competition on behalf of Ukraine. Under the banner “United by Music”, the 67th edition of the song contest will comprise three live shows that will unite the cultures of Ukraine and…

Read More

Under Armour expects dull annual sales, profit as demand slows

By Granth Vanaik (Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that stubborn inflation was hurting demand and higher discounts were eroding profit margins, sending the apparel maker’s shares down 4%. Cost-conscious consumers have been restricting their spending on discretionary products such as home goods, apparel and…

Read More

Senators ask billionaire for list of gifts to Supreme Court Justice Thomas

WASHINGTON (Reuters) – The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel said on Tuesday. “Recent investigative reporting has identified multiple instances in which you or entities you own or control have made payments, purchased real…

Read More
GM Hires Former Apple Executive Abbott To Lead Software Unit

GM Hires Former Apple Executive Abbott To Lead Software Unit

(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…

Read More