Lam Research sales forecast beats estimates on AI boom
By Akash Sriram and Max A. Cherney (Reuters) -Chip-making tools supplier Lam Research forecast quarterly revenue above Wall Street estimates, as…
Greece wildfires erupt on mainland, killing two people
By Karolina Tagaris and Alexandros Avramidis VOLOS, Greece (Reuters) -Wildfires that have been supercharged by strong winds and temperatures exceeding…
L3Harris says deal for Aerojet gets go-ahead from U.S. regulator
(Reuters) – Aerospace and defense company L3Harris Technologies on Wednesday said it was informed that the U.S. Federal Trade Commission…
Airlines brace for hit from Pratt & Whitney’s new engine problem
By Rajesh Kumar Singh and Tim Hepher CHICAGO/PARIS (Reuters) – Airline executives are fuming about the prospect of grounding planes…
Western Union raises annual profit view on strong growth in C2C service
(Reuters) – Western Union Co raised its annual profit forecast on Wednesday after an upbeat second quarter in which transactions…
Marketmind: China realism returns, Powell has spoken
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Bankrupt Endo says US government objections imperil $600 million in opioid settlements
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt drugmaker Endo International said on Wednesday the federal government’s opposition to its…
Fed staff drop US recession forecast, Powell says
WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday the central bank’s staff no longer forecasts a U.S….
Waymo to focus on ride-hailing services, pushes back autonomous trucking efforts
(Reuters) – Alphabet Inc’s Waymo is focusing on its ride-hailing service, Waymo One, while pushing back its efforts to develop…
Lebanon central bank chief defends record before leaving office
BEIRUT (Reuters) – Lebanon’s longtime central bank governor Riad Salameh defended his record on Wednesday in a televised interview just…