By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co Chief Financial Officer Christine McCarthy is stepping down from her position to take family medical leave and will help search for a long-term successor, the company said on Thursday. Kevin Lansberry, currently chief financial officer for Disney’s parks, experiences and products division, will serve…
(Reuters) -Software firm Oracle on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit, the Insider reported, citing three people familiar with the matter. The layoffs follow thousands of cuts in corporate America as companies wrestle with elevated levels of inflation and rising interest rates. Oracle’s…
By Hyunjoo Jin and Samrhitha A (Reuters) -SK Signet said on Thursday it will introduce electric-vehicle chargers compatible with Tesla’s technology this year, following recent moves by major automakers Ford and GM to adopt Tesla’s North American Charging Standard (NACS). Electric vehicle charging companies are cautiously embracing Tesla’s charging design, as they are in danger…
By Chibuike Oguh NEW YORK (Reuters) -Microsoft Corp shares rose to a new record high close on Thursday as market optimism about the prospects of artificial intelligence (AI) has helped buoy the technology giant to a record market capitalization of $2.59 trillion. Microsoft is seen as a leader in the adoption of AI technology in…
By Gilles Guillaume PARIS (Reuters) – The world’s No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan…
By Emilio Parodi MILAN (Reuters) – Italy’s cabinet on Thursday approved a justice reform aimed at strengthening the rights of defendants, measures long advocated by former Prime Minister Silvio Berlusconi who died this week after years of legal battles with prosecutors. The bill, which Giorgia Meloni’s rightist government dedicated to Berlusconi, curbs the use of…
By Jeffrey Dastin and Anna Tong SAN FRANCISCO (Reuters) – Alphabet Inc is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the program around the world, four people familiar with the matter told Reuters. The Google parent has advised employees not to enter its confidential…
ROME (Reuters) – Vodafone said on Thursday it had reached an agreement with unions over managing 1,003 job cuts in Italy needed to cut costs. The British telecoms giant said the deal was aimed at transforming its Italian business model and containing the social impact of the redundancies, which cover almost a fifth of its…
(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt reported on Thursday, citing government sources. Final negotiations will take place this weekend, the newspaper reported, with Intel Chief Executive Pat Geisinger and…
By Nora Buli, Nina Chestney and Christoph Steitz OSLO/LONDON/FRANKFURT (Reuters) – Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows attackers can find weaknesses…
