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Trump blocks acquisition of equipment supplier Jupiter Systems by Hong Kong firm
By Kanishka SinghWASHINGTON, July 11 (Reuters) - President Donald Trump ordered the blocking of the acquisition of audiovisual equipment supplier Jupiter Systems by Hong Kong's Suirui International after Suirui was found to be a national security risk, the U.S. Treasury Department said on Friday...Reuters
Fri, Jul 11
Musk's xAI seeks up to $200 billion valuation in next funding round, FT reports
July 11 (Reuters) - Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions.Saudi Arabia's PIF sovereig...Reuters
Fri, Jul 11
EXPLAINER-What are the fuel switches at the centre of the Air India crash probe?
NEW DELHI, July 12 (Reuters) - The preliminary report from investigators probing the Air India crash that killed 260 people showed that seconds after takeoff, the Boeing BA.N 787 plane's engine fuel control switches were switched off briefly, starving them of fuel.Below are a few facts about the...Reuters
Fri, Jul 11
Sandisk Corp expected to post earnings of 3 cents a share - Earnings Preview
Sandisk Corp SNDK.OQ SNDK.O is expected to report resultson July 15 (estimated) for the period ending June 30 2025The Milpitas California-based company is expected to report revenue of $1.81 billion, according to the mean estimate from 12 analysts, based on LSEG data.LSEG's mean analyst estima...Reuters
Fri, Jul 11
Google hires Windsurf CEO and researchers to advance AI ambitions
July 11 (Reuters) - Google GOOGL.O has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool's research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership....Reuters
Fri, Jul 11
FACTBOX-Inside the cockpit: How Air India's Boeing Dreamliner flight ended in disaster
July 12 (Reuters) - A preliminary report into the Air India crash that killed 260 people last month showed the plane's engines fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. Here is the sequence of events - by the seconds - on June 12, as...Reuters
Fri, Jul 11
Motor racing-TV Globo regains F1 broadcast rights in Brazil from 2026
July 11 (Reuters) - TV Globo has recovered the exclusive broadcast rights for Formula One in Brazil in a three-year deal from 2026 after being absent since 2020, the sport announced on Friday.The broadcaster held the rights for more than 40 years until Bandeirantes took over in 2021.The deal will g...Reuters
Fri, Jul 11
Space and defense firm Firefly's US IPO filing reveals 2024 revenue growth
By Prakhar Srivastava July 11 (Reuters) - AE Industrial Partners-backed space and defense technology company Firefly Aerospace on Friday disclosed a 10% rise in 2024 revenue in its filing for an initial public offering in the United States. Firefly revealed a revenue of $60.8 million in ...Reuters
Fri, Jul 11
Air India Says Continuing To Fully Cooperate With India's AAIB And Other Authorities As Investigation Progresses
July 11 (Reuters) - AIR INDIA -ACKNOWLEDGE RECEIPT OF THE PRELIMINARY REPORT RELEASED BY THE AIRCRAFT ACCIDENT INVESTIGATION BUREAU (AAIB) TODAY, 12 JULY 2025AIR INDIA- WE CONTINUE TO FULLY COOPERATE WITH THE AAIB AND OTHER AUTHORITIES AS THEIR INVESTIGATION PROGRESSES.Source text: https://bit.ly/4...Reuters
Fri, Jul 11
EXCLUSIVE-GM pickup-truck plant in Mexico pauses output for several weeks
GM's Silao truck plant idled for several weeksSilao downtime affects top-selling Silverado, Sierra modelsGM says down weeks at factory are meant to optimize productionBy Mike Colias and Nora Eckert July 11 (Reuters) - General Motors GM.N is pausing production at a pickup-truck plant in Mexico...Reuters
Fri, Jul 11
US FDA declines to approve Ultragenyx's gene therapy for rare genetic disorder
July 11 (Reuters) - The U.S. Food and Drug Administration has declined to approve Ultragenyx Pharmaceutical's RARE.O experimental gene therapy to treat a rare inherited disorder, citing manufacturing concerns, the company said on Friday.Shares of the California-based biopharma company fell 5.4% ...Reuters
Fri, Jul 11
Soccer-Garber hails Club World Cup as milestone for North American soccer
By Rory Carroll LOS ANGELES, July 11 (Reuters) - As the Club World Cup draws to a close on Sunday, North America's soccer community is celebrating what Major League Soccer Commissioner Don Garber calls a breakthrough moment for the region. With more than three million fans attending matches i...Reuters
Fri, Jul 11
State Department starts firing more than 1,350 workers in Trump's shake-up of diplomatic corps
The layoffs affect 1,107 civil service and 246 foreign service workersCritics say it hampers U.S. ability to counter threats abroadThe shake-up is to align U.S. foreign policy with 'America First'By Humeyra Pamuk WASHINGTON, July 11 (Reuters) - The State Department began firing more than ...Reuters
Fri, Jul 11
TIMELINE-Key events in the Air India crash investigation
July 12 (Reuters) - A preliminary report into the Air India crash that killed 260 people last month showed that seconds after taking off, the plane's engines fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. Following is a timeline of key events...Reuters
Fri, Jul 11
US FCC approves two T-Mobile deals after wireless carrier drops DEI programs
WASHINGTON, July 11 (Reuters) - The U.S. Federal Communications Commission has approved two T-Mobile TMUS.O deals that would expand the wireless carrier's network, the commission said on Friday, after the company ended its diversity, equity and inclusion programs under pressure from Presiden...Reuters
Fri, Jul 11
US CFPB reaches settlement with FirstCash for alleged Military Lending Act violations
July 11 (Reuters) - The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop chain owner FirstCash Inc and its subsidiaries for alleged violations of the Military Lending Act, the consumer watchdog agency said Friday.Under the settlement agreement, which requires court ...Reuters
Fri, Jul 11
