Boeing struggles to steer defense unit in another year of billion-dollar losses
By Valerie Insinna WASHINGTON (Reuters) – Boeing’s defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses…
JPM says Meta will become Broadcom’s next billion-dollar customer
(Reuters) – Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday.…
Brazil’s Supreme Court annuls billion-dollar labor dispute against Petrobras
– Brazil’s Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for…
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