(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading. Rising demand from the technology industry’s energy-hungry AI data centers has bolstered the results of power solution providers in recent…
(Reuters) -Vaccine maker Moderna’s chief executive officer Stephane Bancel will vacate his role as the company’s chief commercial officer, Bloomberg News reported on Tuesday citing one person familiar with the matter. The company’s president Stephen Hoge will take charge of sales as well as medical and research affairs, according to the report. Bancel will remain…
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company. Shares of the San Jose, California-based server maker fell about 10% in extended trading. The company said…
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs,…
