SAO PAULO (Reuters) -Brazilian airline Azul SA said on Monday its fourth-quarter adjusted net loss had deepened on a yearly basis, but it expects bluer skies ahead thanks to a fresh deal with aircraft lessors to reduce payments. Shares in the company soared more than 20% after the news, making it the top gainer on …
Brazil’s Azul posts deeper Q4 loss but sees bluer sky ahead Read More »
By Nichola Groom (Reuters) – President Joe Biden has pledged that fighting climate change will deliver millions of middle-class jobs with good wages to Americans with union membership cards. But in the six months since passage of Biden’s signature climate change law, a large majority of the $50 billion of announced investments in domestic manufacturing …
Biden’s clean energy factory jobs may elude U.S. union workers Read More »
By Howard Schneider WASHINGTON (Reuters) – At the worst of the pandemic labor crunch, convenience store chain Sprint Mart struggled to staff its shops across the southern U.S. as available workers drifted to the higher wages Amazon.com Inc offered at its fulfillment centers or opted for flexible gig economy jobs. It took two years, sequential …
After playing wage catch-up, U.S. firms may have found their footing Read More »
(Reuters) – Microsoft Corp on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Big tech companies from Alphabet Inc to Baidu Inc are speeding up the integration of generative AI – technology that …
Microsoft expands ChatGPT integration to more developer tools Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Bath & Body Works Inc on Monday named veteran financial executive and board member Thomas Kuhn as a new director, ending a potential board challenge from billionaire investor Daniel Loeb’s hedge fund Third Point. Kuhn, a lawyer and former banker who is currently a managing member of advisory and …
Bath & Body Works adds director, Third Point backs off proxy fight Read More »
(Reuters) – Norfolk Southern Corp on Monday said it plans to add about 200 detectors to its tracks that will help identify overheated bearings as the railroad operator came under fire after a derailment in Ohio spewed toxins into the air and water. The company said it was evaluating the distance between hot bearing detectors, …
Norfolk plans to add more detectors to catch overheated bearings Read More »
(Reuters) -Lordstown Motors Corp on Monday posted a bigger loss for the fourth quarter, as the electric-vehicle (EV) maker struggled with production costs and missed its delivery target for the Endurance pickup truck. EV companies that went public in past few years have been battling surging costs and challenges in securing supply of parts to …
Lordstown Motors loss widens on steep costs, delivery delays Read More »
(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on a discount drive it started in Asia as demand slows against the backdrop of a weakening economy. In 2022, the Elon Musk-led company missed its target to grow deliveries by 50% annually as it struggled …
Factbox-Tesla cuts prices globally in a bid to spur demand Read More »
By Jonathan Stempel NEW YORK (Reuters) -Sam Bankman-Fried should be allowed while on bail to have a flip phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices, the U.S. Department of Justice said. The proposal to limit the indicted FTX cryptocurrency exchange founder’s …
Bankman-Fried can have flip phone, limited internet while on bail, US proposes Read More »
By Daniel Trotta (Reuters) -Fires broke out at the construction site of an Atlanta police training center on Sunday after a demonstration at the property led to clashes between police and protesters and 35 people were arrested, police said. The site of the planned Atlanta Public Safety Training Center, derisively called “Cop City” by opponents, …
Police, protesters clash at site of Atlanta police center; 35 arrested Read More »
