News
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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
Company struggled to find tech partner, source saysZoho's pause includes $400 million chip plant in Karnataka stateDecision is further blow to India's semiconductor ambitionsBy Munsif Vengattil and Sai Ishwarbharath B NEW DELHI, May 1 (Reuters) - Indian software firm Zoho has suspended it...Reuters
Thu, May 1
Aurora Innovation Launches Commercial Driverless Trucking Service In Texas
May 1 (Reuters) - Aurora Innovation Inc AUR.O:AURORA INNOVATION INC - LAUNCHES COMMERCIAL DRIVERLESS TRUCKING SERVICE IN TEXASAURORA INNOVATION INC - TO EXPAND DRIVERLESS SERVICE TO EL PASO AND PHOENIX BY 2025Reuters
Thu, May 1
CVS Health raises annual profit forecast as turnaround gathers steam
CVS beats profit estimates, aided by strength across businesses Set to exit Obamacare individual exchange business to streamline operationsMedical loss ratio improves, falling to 87.3% from 90.4%By Manas Mishra May 1 (Reuters) - CVS Health CVS.N raised its full-year profit forecast on Thursday fo...Reuters
Thu, May 1
S&P Global Ratings Revises Woodside's Outlook To Negative On U.S. Project Exposure
May 1 (Reuters) - S&P Global Inc SPGI.N:WOODSIDE ENERGY OUTLOOK REVISED TO NEGATIVE ON U.S. PROJECT EXPOSUREWOODSIDE ENERGY'S 'BBB+' RATINGS AFFIRMEDEXPECT WOODSIDE'S RATIO OF FUNDS FROM OPERATIONS TO DEBT TO TRACK AT 50% OVER NEXT FEW YEARSWOODSIDE'S DECISION TO PROCEED WITH...Reuters
Thu, May 1
Accredited adds Greenlight Re, Scor hires across UK and Europe
By Rebecca DelaneyMay 1 - (The Insurer) - Specialty program insurer Accredited Insurance Holdings unveiled several senior hires across the UK and Europe on Thursday, including the appointment of Laure Kearns as UK chief underwriting officer.Kearns will join Accredited in July from Greenlight Re, whe...Reuters
Thu, May 1
Ukraine's foreign minister hails minerals deal with US as 'milestone'
May 1 (Reuters) - Ukrainian Foreign Minister Andrii Sybiha hailed a minerals deal signed with the United States as "an important milestone" in relations with Washington on Thursday and discussed the agreement with the European Union's top diplomat.The deal, which has been heavily promote...Reuters
Thu, May 1
Unilever to shut down REN skincare business
May 1 (Reuters) - Unilever ULVR.L on Thursday said that it was taking steps to close its skincare business REN, citing internal challenges that were made worse by market conditions and "left the brand unable to sustain success in the long term."The consumer goods company, which makes Dove so...Reuters
Thu, May 1
Former HBSC investment bank chief joins EBRD as head of client services
LONDON, May 1 (Reuters) - Former top HSBC investment banker Greg Guyett has joined the European Bank for Reconstruction and Development as its head of client services, the EBRD said on Friday.Guyett will join the EBRD on September 1 and lead teams responsible for banking, advising and policy activit...Reuters
Thu, May 1
Estee Lauder posts smaller-than-expected drop in quarterly sales
May 1 (Reuters) - Cosmetics giant Estee Lauder EL.N posted a smaller-than-expected drop in third-quarter sales on Thursday, supported by resilient demand for its fragrances and haircare even as the broader makeup and beauty category underperformed.The MAC lipstick maker's net sales fell 10% to $...Reuters
Thu, May 1
Australia's WiseTech discloses role in US cloud firm E2open's strategic review
May 1 (Reuters) - WiseTech Global WTC.AX, one of Australia’s top-listed tech firms, confirmed on Thursday that it is participating in a strategic review of U.S.-based cloud logistics company E2open ETWO.N, following media speculation around a potential buyout.The Australian Financial Review has repo...Reuters
Thu, May 1
PREVIEW-Berkshire outguns market as Buffett reaches 60 years in charge
Cash stake provides bufferTrump tariffs could weigh on Berkshire businessesBerkshire outperformance resembles earlier eraBy Jonathan Stempel OMAHA, Nebraska, May 1 (Reuters) - Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reas...Reuters
Thu, May 1
FACTBOX-Warren Buffett and Berkshire Hathaway at a glance
By Jonathan StempelOMAHA, Nebraska, May 1 (Reuters) - Tens of thousands of people will descend on Omaha, Nebraska, to attend the annual shareholder weekend for billionaire Warren Buffett's Berkshire Hathaway BRKa.N.Buffett, 94, is expected to answer shareholder questions over four and a half hou...Reuters
Thu, May 1
Horse racing-Baffert returns to Kentucky Derby after ban, Journalism hot favourite
By Amy TenneryNEW YORK, May 1 (Reuters) - The crown jewel of American horse racing will welcome back the sport's most famous trainer at the Kentucky Derby this year, as Bob Baffert returns from a three-year ban, while heavy favourite Journalism hopes to make some headlines of his own.Two Baffert...Reuters
Thu, May 1
New CEO at Buffett's HomeServices says buyers, sellers can handle tariffs, changes
Buyers, sellers more cautious as rates, economy fluctuateCEO Kelly says home listings benefit from wider exposureKelly reports to Buffett heir apparent Greg AbelBy Jonathan Stempel OMAHA, Nebraska, May 1 (Reuters) - The new chief executive of Berkshire Hathaway's BRKa.N HomeServices of Americ...Reuters
Thu, May 1
Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronics
AI boosts Microsoft and Alphabet earnings amid trade warConsumer electronics face tariff-strains, impacting Apple and AmazonSamsung and Qualcomm warn of growing demand uncertaintiesMicrosoft's AI-driven Azure growth boosts investor confidenceBy Aditya Soni and Deborah Mary Sophia May 1 (Reute...Reuters
Thu, May 1
Judge in Meta case weighs key question for AI copyright lawsuits
By Blake Brittain May 1 (Reuters) - A federal judge in San Francisco will hear arguments on Thursday from Meta Platforms META.O and a group of authors in the first court hearing over a pivotal question in high-stakes copyright cases over AI training.U.S. District Judge Vince Chhabria will conside...Reuters
Thu, May 1
Motor racing-Sprint format makes Miami a hotter ticket
By Alan Baldwin May 1 (Reuters) - Miami Grand Prix President Tyler Epp speaks with the enthusiasm of a convert as the circuit around the Hard Rock Stadium prepares to host a Formula One sprint race for the second year in a row this weekend.Last season he had some doubts about the format, with its...Reuters
Thu, May 1
South Korea's finance chief Choi Sang-mok retakes charge of the country
South Korea's acting leader Han Duck-soo resigns from roleFM Choi Sang-mok takes triple role as acting president, PMOfficials say Choi is disgruntled about taking roles amid political crisis, trade war By Cynthia Kim SEOUL, May 1 (Reuters) - In the latest twist and turn to South Korea's p...Reuters
Thu, May 1
