Boeing says it’s making progress on 737 MAX anti-ice engine issue
WASHINGTON (Reuters) – Boeing said Wednesday it is making progress on developing a permanent solution to address an issue with…
Business
ConocoPhillips to buy Marathon Oil for $22.5 billion in latest energy merger
(Reuters) -ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion all-stock deal, the latest in a series…
Elon Musk plans xAI supercomputer, The Information reports
(Reuters) – U.S. businessman Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a…
Samsung encouraged to invest more in China, Premier Li Qiang says
BEIJING (Reuters) – Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomed further investment…
Boeing’s cash flow situation is worse than expectations, S&P analyst says
(Reuters) – Boeing’s cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the…
GameStop surges after fetching $933 million from stock sale
(Reuters) -GameStop made nearly $933.4 million by selling 45 million shares, the struggling videogame retailer said on Friday, sending its…
Tesla slashes Model Y production in Shanghai, data shows
SHANGHAI (Reuters) – Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at…
Micron hit with $445 million US verdict in Netlist patent trial
By Blake Brittain (Reuters) – Chipmaker Micron Technology owes computer-memory company Netlist $445 million in damages for violating Netlist’s patent…
Medtronic beats fourth-quarter estimates on strength in medical devices
(Reuters) -Health tech firm Medtronic beat Wall Street estimates for quarterly profit and revenue on Thursday, as a pickup in…
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
By Anuja Bharat Mistry (Reuters) -TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast…