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Majority of US Senate backs Perdue as ambassador to China, voting continues
WASHINGTON, April 29 (Reuters) - A majority of the U.S. Senate on Tuesday backed one-time U.S. Senator David Perdue to be ambassador to China, a position the former business executive assumes amid a deep strategic rivalry and blistering trade war between the two countries. As voting continued, the t...Reuters
Tue, Apr 29
Valeo says 90% of its Mexican products imported into the U.S. are now USMCA compliant
April 29 (Reuters) - French car parts supplier Valeo VLOF.PA said 90% of the products produced by the group in Mexico and imported into the U.S. are now compliant with the United States-Mexico-Canada-Agreement (USMCA)."Valeo has also implemented measures to mitigate the direct impact of tariffs,...Reuters
Tue, Apr 29
Intel attracts interest for test chips using new manufacturing process
By Max A. Cherney and Stephen Nellis SAN JOSE, April 29 (Reuters) - Intel INTC.O said on Tuesday several of its contract manufacturing customers planned to build test chips for the company's forthcoming advanced manufacturing process that is currently still in development.The embattled chipma...Reuters
Tue, Apr 29
Danes boycotting US products like Coca-Cola, Carlsberg says
LONDON, April 29 (Reuters) - Danish consumers are boycotting Coca-Cola, Carlsberg CARLb.CO CEO Jacob Aarup-Andersen said on Tuesday, adding the brewer, which bottles the drink in Denmark, had seen Coca-Cola volumes decline while local rivals gain share. The beermaker, which also sells Kronenbourg be...Reuters
Tue, Apr 29
Lutnick says Trump's autos tariff relief aimed at reshoring production to US
WASHINGTON, April 29 (Reuters) - U.S. President Donald Trump will sign an order giving automakers building vehicles in the U.S. relief from part of his new 25% vehicle tariffs to allow them time to bring parts supply chains back home, Commerce Secretary Howard Lutnick said on Tuesday.Automakers woul...Reuters
Tue, Apr 29
Facebook parent Meta Platforms launches standalone AI assistant app
April 29 (Reuters) - Facebook parent Meta Platforms META.O on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed MSFT.O OpenAI and Alphabet's GOOGL.O Google.The standalone app comes as Meta looks to boost the AI assistant's usage, apart fr...Reuters
Tue, Apr 29
Exclusive: Travelers’ cyber lead Francis joining Liberty Mutual as North America cyber head
By James ThalerApril 29 - (The Insurer) - Tim Francis has resigned from his post as Travelers’ enterprise cyber lead following two decades with the Connecticut-based carrier and is set to join Liberty Mutual as its new North America head of cyber, reporting to global head of cyber Patrick Thielen, a...Reuters
Tue, Apr 29
Universal Music Group first-quarter sales beat forecast
April 29 (Reuters) - Universal Music Group UMG.AS reported first-quarter sales above market expectations on Tuesday, helped by growth in recorded music and music publishing.The music label of Taylor Swift, BTS and Drake said its revenues grew by a yearly 11.8% in the quarter ended March to 2.90 bill...Reuters
Tue, Apr 29
Italy's Recordati is looking at several potential M&A deals
April 29 (Reuters) - Recordati RECI.MI CEO Bob Koremans and CFO Luigi La Corte say at 2025-2027 business plan presentation: ITALY'S RECORDATI CFO: IF THERE WILL BE U.S. TARIFFS ON PHARMA PRODUCTS, CONFIDENT THE IMPACT WILL BE VERY LIMITEDITALY'S RECORDATI CEO: WE ARE NOT IN DISCUSSION FOR ...Reuters
Tue, Apr 29
PayPal CEO Alex Chriss Says Anticipate Faster Rollout Of Upgraded Online Branded Checkout Flow For Europe Starting In The Second Quarter
April 29 (Reuters) - PayPal Holdings Inc PYPL.O:PAYPAL CEO ALEX CHRISS SAYS ANTICIPATE FASTER ROLLOUT OF UPGRADED ONLINE BRANDED CHECKOUT FLOW FOR EUROPE STARTING IN THE SECOND QUARTERPAYPAL CEO ALEX CHRISS SPEAKING ON CONFERENCE CALLPAYPAL CFO JAMIE MILLER SAYS ON PACE TO OUTPERFORM OUR ORIGINAL EX...Reuters
Tue, Apr 29
EXCLUSIVE-Trump's first real estate project in Qatar to be announced by Qatari Diar, Dar Global
By Andrew Mills and Federico Maccioni DOHA, April 29 (Reuters) - Real estate developers Qatari Diar and Dar Global DARD.L will announce a deal on Wednesday to build Qatar's first Trump-branded real estate project, a source with knowledge of the plans told Reuters on Tuesday. The Trump Intern...Reuters
Tue, Apr 29
Mexico has received nearly 39,000 deportees from U.S. since Trump took office
MEXICO CITY, April 29 (Reuters) - Mexico has received nearly 39,000 immigrants deported from the United States since the beginning of U.S. President Donald Trump's administration, of which 33,000 are Mexicans, Mexican President Claudia Sheinbaum said on Tuesday.Reuters
Tue, Apr 29
Wells Fargo investors approve executive pay as compliance fixes gain momentum
By Nupur Anand NEW YORK, April 29 (Reuters) - Wells Fargo WFC.N shareholders on Tuesday approved executive pay packages and appointment of directors with strong majority support.Most of the company proposals received over 90% shareholders' votes in favor of the motion while all the shareholde...Reuters
Tue, Apr 29
OSI Systems Inc expected to post earnings of $2.40 a share - Earnings Preview
OSI Systems Inc OSIS.OQ OSIS.O is expected to show a rise in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The Hawthorne California-based company is expected to report a 7.7% increase in revenue to $436.488 million from $405.41 million a year ago, according ...Reuters
Tue, Apr 29
BREAKINGVIEWS-Pfizer has unreasonable whiff of the Marlboro Man
By Robert Cyran NEW YORK, April 29 (Reuters Breakingviews) - What makes Pfizer PFE.N and Altria MO.N alike? They have trouble keeping their customers. The pharmaceutical company’s therapies protecting against and treating Covid-19 are less crucial as the pandemic ebbs, and further products will a...Reuters
Tue, Apr 29
Golf-Creamer named U.S. assistant captain for Solheim Cup
April 29 (Reuters) - U.S. Solheim Cup Captain Angela Stanford on Tuesday named major champion Paula Creamer as her second assistant captain for next year's Solheim Cup at Bernardus Golf in the Netherlands.The 38-year-old Creamer, a 10-times winner on the LPGA Tour, will join Stanford and fellow ...Reuters
Tue, Apr 29
