Business News

By Greg Bensinger and Diane Bartz SAN FRANCISCO/WASHINGTON (Reuters) -The leaders of Microsoft and Activision Blizzard on Wednesday sought to allay antitrust concerns that a proposed $69 billion merger of …

By Akash Sriram (Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an easing supply …

By Kylie Madry MEXICO CITY (Reuters) – Mexico’s two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit to national airlines, an industry head said in an …

By Michelle Price WASHINGTON (Reuters) – Big U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, with losses declining slightly …

(Reuters) – BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction …

By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) – A three-man crew from Italy is set on Thursday to board a passenger rocket plane operated …

By Jack Queen (Reuters) – The Canadian Broadcasting Corporation (CBC) must face a defamation lawsuit by a U.S. charity alleging the publicly funded news outlet repeatedly aired false claims that …

By Daniel Leussink and Norihiko Shirouzu (Reuters) – Nissan installed a camera surveillance system at the home of former executive Ashwani Gupta so the automaker’s internal security team could monitor …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The cold reality of ‘higher for longer’ interest rates that …

(Reuters) -Nvidia’s financial chief said restrictions on exports of artificial intelligence chips to China “would result in a permanent loss of opportunities for the U.S. industry” though the company expected …

By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone …

(Reuters) -Private equity firm Arcline Investment Management proposed to buy Circor International for $1.8 billion including debt on Wednesday, topping a rival bid from KKR & Co for the industrial …

By Lisa Baertlein LOS ANGELES (Reuters) – The union representing roughly 340,000 U.S. drivers, package handlers and loaders at United Parcel Service on Wednesday demanded that UPS make its “last, …

By David Shepardson (Reuters) -The trade group representing nearly all major automakers wants the U.S. Environmental Protection Agency to soften its proposal to sharply cut vehicle emissions through 2032 saying …

SEOUL (Reuters) – Confidence among South Korea’s services sector firms has continued to improve, with their outlook for July the most optimistic in nine months, but manufacturers turned a bit …

By Medha Singh (Reuters) – Shares of U.S. chipmakers fell on Wednesday following reports that the Biden administration was planning new curbs on export of computing chips for artificial intelligence …

By Foo Yun Chee BRUSSELS (Reuters) – Businesses and Big Tech on Wednesday criticised European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow …

(Reuters) -United Parcel Service said on Wednesday it is working with law officials and outside experts following reports of phishing messages that were sent via text messages to certain shippers …

By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate …

(Reuters) – The Biden administration said on Wednesday it raised $105 million from solar power developers at a lease auction covering 23,675 acres of Nevada desert this week, making it …

By Timothy Gardner and Joseph White WASHINGTON/DETROIT (Reuters) -President Joe Biden’s administration on Wednesday said it intends to invest $2 billion from last year’s Inflation Reduction Act to accelerate domestic …

BEIJING (Reuters) -About 90% of Boeing’s China 737 MAX jets have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account …

By Leah Douglas (Reuters) – Food insecurity is rising in the U.S. as the end of pandemic-era aid and higher food costs strain low-income Americans, according to data released on …

By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ is set to secure EU antitrust clearance for its proposed acquisition of German market research firm GfK on the condition GfK …

By Stephen Nellis MENLO PARK, California (Reuters) – Oracle on Wednesday said that it has modified its flagship database software to work on a new category of computing chip, starting …