(Reuters) – A fire broke out at a large oil refinery in the southern Russian town of Tuapse on Wednesday and emergency teams were battling the blaze, Russian news agencies quoted officials as saying. “According to emergency services of Tuapse district, a fire broke out on the territory of the oil refinery in the town,” …
Oil refinery in southern Russia ablaze -news agencies quote officials Read More »
WILMINGTON, Delaware (Reuters) – Billionaire Eddie Lampert must pay $18 million to shareholders of Sears Hometown and Outlet Stores Inc for short-changing them in 2019 when he bought out minority investors in the company he controlled, a Delaware judge ruled on Wednesday. Vice Chancellor Travis Laster, the judge on Delaware’s Court of Chancery, said Lampert …
Billionaire Eddie Lampert ordered to pay $18 million to Sears Hometown investors Read More »
By Andrea Shalal, David Shepardson and Nandita Bose WASHINGTON (Reuters) -The United Auto Workers union endorsed U.S. President Joe Biden’s reelection bid on Wednesday, with the union president delivering a fiery speech in Washington that was also harshly critical of Republican former President Donald Trump. In a full-throated endorsement of the Democratic incumbent, UAW President …
UAW, Fain endorse Biden, say Trump ‘stands against everything we stand for’ Read More »
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank is widely expected to leave its monetary policy unchanged this month and hold off from easing its settings until it sees more evidence that inflation is falling consistently. All 13 analysts polled by Reuters expect the Monetary Authority of Singapore (MAS) to hold off making changes …
Singapore central bank expected to leave policy steady for third straight review Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc said on Thursday it will focus on high-end chips for artificial intelligence this year, after strong demand for such semiconductors drove a surprise profit in the fourth quarter. The world’s second-biggest memory chipmaker reported a 346 billion won ($259.8 million) operating profit …
SK Hynix posts surprise Q4 profit on AI chip demand Read More »
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – A Japanese whisky “renaissance” will help Kirin Holdings more than double exports of its premium brand by 2025, the company’s master blender said. Japan had fewer than 10 distilleries for most of its whisky history, which hit the century mark last year. But that number shot …
Kirin sees Japan whisky ‘renaissance’ driving 50% export of premium brand Read More »
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – A Japanese whisky “renaissance” will help Kirin Holdings more than double exports of its premium brand by 2025, the company’s master blender said. Japan had fewer than 10 distilleries for most of its whisky history, which hit the century mark last year. But that number shot …
Kirin sees Japan whisky ‘renaissance’ driving 50% export of premium brand Read More »
By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). Shares of the company were up more than 8% in extended trading. The company will also lay off some employees in 2024 …
IBM forecasts annual revenue growth above estimates on AI adoption rush Read More »
By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). Shares of the company were up more than 8% in extended trading. The company will also lay off some employees in 2024 …
IBM forecasts annual revenue growth above estimates on AI adoption rush Read More »
By Jonathan Allen (Reuters) – If federal courts give the green light, Alabama plans on Thursday to pioneer the first new method of judicial execution since lethal injections were introduced in 1982. The new method is asphyxiation using an inert gas: Alabama Department of Corrections executioners will strap to the prisoner’s face a commercially made …
With a mask and nitrogen tank, Alabama pioneers execution method Read More »
