(Reuters) – General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to daily rental companies and a cyber incident at CDK that impacted dealers across the country. Overall sales rose about 0.6% to 696,086 units, compared with an increase of about 19% in the same period last…
By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene…
By Jonathan Stempel NEW YORK (Reuters) – Keith Gill, the investor known as “Roaring Kitty” who helped spur the meme stock mania of 2021, was sued by GameStop investors who said they lost money through his “pump-and-dump” scheme for the videogame retailer. A proposed class action accusing Gill of securities fraud was filed on Friday…
(Reuters) – Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in…
By Jonathan Stempel NEW YORK (Reuters) – Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer credit cards before ending last month. The case was dismissed on Thursday by U.S. District Judge Katherine Polk Failla in Manhattan, after the companies resolved…
(Reuters) – Microsoft-backed OpenAI has acquired search and database analytics firm Rockset for an undisclosed sum, the ChatGPT maker said on Friday. A technology Rockset offers called vector search has benefited from increased adoption as more applications use artificial intelligence to power recommendation engines, voice assistants, chatbots and detect anomalies. WHY IT’S IMPORTANT Rockset said…
(Reuters) -Honeywell has agreed to buy aerospace and defense technology company CAES Systems for $1.9 billion from private equity firm Advent International, the company said on Thursday. The all-cash deal marks Honeywell’s second acquisition in recent months to strengthen its aerospace technologies unit, amidst a realignment of its business to focus on megatrends such as…
(Reuters) – Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country. The investment will be used to set up a new cloud region that will allow customers…
(Reuters) – Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday. The U.S. businessman has recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version…
(Reuters) – U.S. machinery maker Caterpillar’s former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed. Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow’s February 2022 invasion…
