News
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Meta plans fourth restructuring of AI efforts in six months, The Information reports
Aug 15 (Reuters) - Meta META.O is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter.The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new "TB...Reuters
Fri, Aug 15
Weekend Talk Shows/Aug. 16-17
THE REUTERS TV WEEKEND DAYBOOK Saturday and Sunday ----- The daybook editor is Timothy Ryan (reachable at 202-843-6282 or Tim.Ryan@TR.com or DCDaybook@yahoo.com). Subscribers: For any problems in receiving daybook content, call: 1-833-282-6915 and press 1. ...Reuters
Fri, Aug 15
Trump says he will discuss nuclear treaties with Putin
WASHINGTON, Aug 15 (Reuters) - U.S. President Donald Trump on Friday said he would discuss nuclear treaties with Russian President Vladimir Putin during their meeting in Alaska. "One of the things I think we'll discuss, and again, it's about Ukraine, but we have nuclear treaties to discu...Reuters
Fri, Aug 15
Putin-Trump talks in Alaska have ended, Kremlin says
MOSCOW, Aug 16 (Reuters) - The talks between Russian President Vladimir Putin and his U.S. counterpart Donald Trump in Alaska have ended, the Kremlin said. Trump and Putin's high-stakes summit over Moscow's war in Ukraine had stretched into its third hour on Friday, as the two world leaders ...Reuters
Fri, Aug 15
Soccer-Late Salah, Chiesa goals give Liverpool 4-2 win in thrilling opener
Champions give up two-goal lead but rally to winEkitike and Gakpo put Liverpool ahead at AnfieldSemenyo suffers racist abuse before scoring twiceEvening starts with emotional tributes for Jota By Lori EwingLIVERPOOL, England, Aug 15 (Reuters) - Liverpool talisman Mo Salah and substitute Federico Chi...Reuters
Fri, Aug 15
Fitch cuts Spirit Airlines' rating further into junk territory
Aug 15 (Reuters) - Fitch Ratings on Friday downgraded Spirit Airlines FLYY.A long-term credit rating to 'CCC-' from 'CCC+', citing a high likelihood of near-term default. "The downgrade reflects the heightened possibility that Spirit may be unable to avoid a default given it...Reuters
Fri, Aug 15
US Steel's deadly Clairton plant blast caused by gas valve failure
Aug 15 (Reuters) - United States Steel said on Friday a fatal blast that killed two and injured 10 others at its Clairton Coke Works plant near Pittsburgh happened when flushing a gas valve, ahead of scheduled maintenance."Pressure built inside the valve, leading to valve failure and coke oven g...Reuters
Fri, Aug 15
Novo Nordisk's Wegovy gets accelerated US FDA approval for liver disease MASH
Aug 15 (Reuters) - Novo Nordisk NOVOb.CO said on Friday the U.S. Food and Drug Administration had granted accelerated approval for its weight-loss drug Wegovy to treat a serious liver condition known as metabolic dysfunction-associated steatohepatitis.Reuters
Fri, Aug 15
Jared Kushner's firm buys 8% stake in UK lender OakNorth, source says
Aug 15 (Reuters) - A private equity firm founded by U.S. President Donald Trump's son-in-law Jared Kushner has signed a deal to buy an 8% stake in British lender OakNorth, a person familiar with the matter told Reuters on Friday.The firm, Affinity Partners, was founded by Kushner in 2021 and has...Reuters
Fri, Aug 15
OpenAI staffers to sell $6 billion in stock to SoftBank, other investors, Bloomberg News reports
Aug 15 (Reuters) - Present and former OpenAI employees are looking to sell nearly $6 billion worth of the ChatGPT maker's shares to an investor group comprising SoftBank Group 9984.T, among others, valuing it at $500 billion, Bloomberg News reported on Friday.Reuters
Fri, Aug 15
Meta's New AI Organization, Meta Superintelligence Labs, Is Expected To Be Divided Into Four Groups - The Information
Aug 15 (Reuters) - META’S NEW AI ORGANIZATION, META SUPERINTELLIGENCE LABS, IS EXPECTED TO BE DIVIDED INTO FOUR GROUPS - THE INFORMATIONSource text: https://tinyurl.com/erh573rsReuters
Fri, Aug 15
Las Vegas resorts defeat hotel rate price-fixing class action in US appeal
By Mike Scarcella Aug 15 (Reuters) - Wynn Resorts WYNN.O, Caesars and Treasure Island convinced a U.S. appeals court on Friday to turn back a consumer class action lawsuit accusing them of using shared computer software algorithms to illegally coordinate on Las Vegas hotel room prices. Affirm...Reuters
Fri, Aug 15
Exclusive: Hippo names Sebaski head of investor relations after stint leading IR at Ambac
By James ThalerAug 15 - (The Insurer) - Homeowners insurtech Hippo has hired Chuck Sebaski as its head of investor relations, effective 25 August, a company spokesperson has said, adding a seasoned capital markets voice as the company signals it is back on the offense following an improved second qu...Reuters
Fri, Aug 15
Inside Debt - August 15
To access a PDF version of this newsletter, please click hereYou can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email,please register at: https://solutions.lseg.com/Inside-Debt-Subscription-pageFor an index of our newsletters click on NEW...Reuters
Fri, Aug 15
Ellington Credit Co expected to post earnings of 23 cents a share - Earnings Preview
Ellington Credit Co EARN.N, EARN.K is expected to show a rise in quarterly revenue when it reports results on August 19 for the period ending June 30 2025The Old Greenwich Connecticut-based company is expected to report a 169.5% increase in revenue to $10.503 million from $3.9 million a year ago,...Reuters
Fri, Aug 15
