By David Shepardson WASHINGTON (Reuters) -Toyota Motor said on Monday it is urging the owners of 50,000 older U.S. vehicles to get immediate recall repairs because an air bag inflator could explode and potentially kill motorists. The Japanese automaker said the “Do Not Drive” advisory covers some 2003-2004 model year Corolla, 2003-2004 Corolla Matrix, and…
(Reuters) – Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the server seller projected stronger-than-expected quarterly sales. The San Jose, California, company’s report after the bell also lifted shares of Nvidia by 1.2%, adding to a 2.3% gain during Monday’s session…
(Reuters) -Albemarle, the world’s largest lithium producer, has laid off more than 300 employees, or 4% of its workforce, as part of a previously announced round of cost-cuts, The Information news site reported on Monday, citing people familiar with the matter. The Charlotte, North Carolina-based company said earlier this month it would cut jobs and…
By Steven Scheer JERUSALEM (Reuters) -Israel’s sovereign credit rating could be cut if the war with Palestinian Islamist group Hamas expands to other fronts, but if this does not happen it should be able to weather the war’s economic fallout if it makes needed budget changes to offset higher spending, an S&P Global Ratings director…
By John Revill ZURICH (Reuters) -Switzerland’s Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion, the building materials giant said on Sunday, as it also named a new chief executive. Miljan Gutovic, currently head of Europe at Holcim, will replace Jan…
AMSTERDAM (Reuters) – The European Central Bank (ECB) will need to see proof of slowing wage growth in the euro zone before interest rates can be lowered, ECB governing council member Klaas Knot said on Sunday. “We now have a credible prospect that inflation will return to 2% in 2025. The only piece that’s missing…
(Reuters) -President Joe Biden’s administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the Wall Street Journal reported on Saturday. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power…
By Joey Roulette WASHINGTON (Reuters) – (This Jan. 10 story has been corrected to clarify the payload capacities of SpaceX’s Falcon 9 and Falcon Heavy rockets in paragraph 12. A previous version erroneously stated that the two rockets have identical payload capacities) A Boeing-Lockheed joint venture’s launch of a new Vulcan rocket this week inaugurated…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Morgan Stanley’s asset management division aims to double its private credit portfolio to $50 billion in the medium term as it gathers funds from large investors to loan out to companies. The bank has invested more than $300 million into the business, which has already…
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden on Friday marked International Holocaust Remembrance Day, warning against what he called an alarming rise in antisemitism after the Oct. 7 Hamas attacks on Israel and efforts to minimize what happened that day. Biden, who launched the first U.S. national strategy to counter antisemitism in…
