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General Dynamics gets $1.25 billion IT contract to support US Army in Europe, Africa
Oct 2 (Reuters) - Defense giant General Dynamics' information and technology unit had secured a $1.25 billion task order to support the U.S. Army in Europe and Africa, it said on Thursday, a week after announcing another $1.5 billion U.S. defense contract. The contract, awarded in September,...
Fri, Oct 3
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Record-breaking buyouts push Wachtell atop global M&A adviser rankings
By David Thomas Oct 2 (Reuters) - The largest-ever buyout in the U.S. rail sector and the largest leveraged buyout in history helped propel Wachtell, Lipton, Rosen & Katz to the top of the London Stock Exchange Group's rankings of principal M&A legal advisers.New York-based Wachtell w...
Fri, Oct 3
Japan's markets gird for leadership vote with stocks, bonds on edge
Subdued market reaction seen from Koizumi victoryWin by dovish Takaichi could steepen yield curve, weaken yenDark horse Hayashi supports BOJ rate hikes, opposes large stimulusBy Junko Fujita and Kevin Buckland TOKYO, Oct 3 (Reuters) - Japanese markets are bracing for a crucial ruling party vote t
Fri, Oct 3
Oil on track for steepest weekly plunge in 3-1/2 months
Oct 3 (Reuters) - Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. Brent crude futures LCOc1 gained 18
Fri, Oct 3
REFILE-Arm plans to appeal final ruling in Qualcomm dispute
By Stephen Nellis SAN FRANCISCO, Sept 30 (Reuters) - Arm ARM.O said on Tuesday it planned to appeal a judge's ruling in a licensing dispute against Qualcomm QCOM.O that left the chipmaker's jury victory intact. Qualcomm secured a key win in U.S. federal court in Delaware last year, with a...
Thu, Oct 2
Stellantis, Volvo Cars shares rise as US sales defy tariff fears
Volvo Cars and Stellantis shares rise 5% and 7% respectivelyStellantis posted first quarterly sales growth in US this year. Automakers continue to adjust models they sell in the USBy Marie Mannes STOCKHOLM, Oct 2 (Reuters) - Shares in European automakers Volvo Cars VOLCARb.ST and Stellantis STLA...
Thu, Oct 2
Openai, Hitachi Join Hands On Energy-Saving Technology For Ai Data Centres, Generative Ai Development, Nikkei Says
Oct 2 (Reuters) - Hitachi Ltd 6501.T:OPENAI, HITACHI JOIN HANDS ON ENERGY-SAVING TECHNOLOGY FOR AI DATA CENTRES, GENERATIVE AI DEVELOPMENT, NIKKEI SAYSSource text: [ID:]
Thu, Oct 2
AMD rises on report Intel considers adding rival as foundry customer
** Shares of Advanced Micro Devices AMD.O rise 2.3% to $167 premarket ** Intel in talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter** Reuters reported in April AMD was evaluating INTC's chip manufacturing processes** AMD did not respond...
Thu, Oct 2
[Reuters Analysis] Prolonged US government shutdown could raise market risks
Investors have anticipated for weeks the risks of a U.S. government shutdown to markets. Now that it is here, they are hoping it will be brief. A shutdown that lasts at least several weeks could cause confusion about the Federal Reserve's monetary policy path as the central bank will be without
Thu, Oct 2
OpenAI hits $500 billion valuation after share sale to SoftBank, others, source says
Oct 2 (Reuters) - OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday.
Thu, Oct 2
Japan's Nikkei snaps four-day losing streak as chip-related shares jump
TOKYO, Oct 2 (Reuters) - Japan's Nikkei share average rose on Thursday, snapping four straight sessions of losses, as chip-related stocks tracked their U.S. peers higher.
Thu, Oct 2
Alibaba mapping logs record for daily users on first day of China holiday
HONG KONG, Oct 2 (Reuters) - Alibaba's 9988.HK mapping app Amap recorded more than 360 million daily active users on the first day of China's eight-day National Day holiday on Wednesday, setting an all-time high for the platform, the company said in a statement.Alibaba and rival Meituan 3690...
Thu, Oct 2
[Reuters Breakingviews] Obesity kings’ buffet is slimmer than it looks
Obesity kings’ plump future is under siege. Over the past month Roche ROG.S and Pfizer PFE.N have splurged over $10 billion scooping up promising treatments and other rivals are rapidly developing their own medicines. Incumbents $242 billion Novo Nordisk NOVOb.CO and $722 billion Eli Lilly LLY.N may
Thu, Oct 2
White House freezes funds for Democratic states in shutdown slap
U.S. President Donald Trump's administration on Wednesday froze $26 billion for Democratic-leaning states, following through on a threat to use the government shutdown to target Democratic priorities.
Thu, Oct 2
Japan's Nikkei rises after 4 days of losses as chip-related shares jump
Japan's Nikkei share average gained slightly on Thursday after four straight sessions of losses, as chip-related stocks tracked their U.S. peers higher.
Thu, Oct 2
Samsung, SK Hynix shares leap after OpenAI chip deal
Shares of South Korea's Samsung Electronics 005930.KS jumped 4.7% and SK Hynix 000660.KS soared 12% on Thursday, bolstered by a deal with OpenAI to support the ChatGPT maker's expansive Stargate artificial intelligence data centre project.
Thu, Oct 2
US yields fall on labor market concerns, government shutdown angst
(Reuters) - U.S. Treasury yields fell on Wednesday as private jobs data signaled a weakening labor market and a U.S. government shutdown left investors second-guessing its impact on the economy.
Thu, Oct 2
Artificial Intelligencer-Everyone is betting on AI TikTok
Citigroup expects hyperscalers to pour $490 billion into AI buildouts by the end of 2026, up from a previous forecast of $420 billion. The bank also lifted its longer-term forecast: more than $2.8 trillion in AI infrastructure spending through 2029, powered by aggressive bets from the clouds and
Thu, Oct 2
TRADING DAY-Shutdown? Stocks up!
Wall Street and world stocks rose on Wednesday, reversing early losses on worries over the U.S. government shutdown, as soft private sector U.S. employment data bolstered expectations of further monetary easing from the Federal Reserve.
Thu, Oct 2
S&P Says The U.S. Government Shutdown Adds Uncertainty To The Economic Outlook
S&P: THE U.S. GOVERNMENT SHUTDOWN ADDS UNCERTAINTY TO THE ECONOMIC OUTLOOKS&P: AN EXTENDED DELAY IN RELEASE OF KEY US GOVERNMENT ECONOMIC DATA WOULD ADD UNCERTAINTY TO FEDERAL RESERVE'S MONETARY POLICY OUTLOOKS&P: ESTIMATES US GOVERNMENT SHUTDOWN COULD TRIM GROWTH B...
Thu, Oct 2
