SpaceX's unit Starlink secures Indonesia operating permit
JAKARTA (Reuters) - The satellite unit of Elon Musk's SpaceX, Starlink, has secured a permit to operate in Indonesia, its communications minister told Reuters on Wednesday. Starlink had obtained a permit to operate as an internet service provider f...
13m ago
Emerson Electric boosts 2024 profit view on measurement tools demand
(Reuters) - Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm's shares up about 2% in premarket trade. The company's m...
13m ago
Uber shares tumble as second-quarter forecast disappoints
By Yuvraj Malik (Reuters) -Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell. The weakness in a key metric that indicates th...
13m ago
Wells Fargo names Fernando Rivas as co-CEO of corporate and investment banking
(Reuters) - Wells Fargo on Wednesday named Fernando Rivas as the co-CEO of corporate and investment banking (CIB). (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
14m ago
Vitamin Shoppe's telehealth service to provide access to weight-loss drugs
(Reuters) - Health and wellness products retailer Vitamin Shoppe said on Wednesday that subscribers to its telehealth service would have access to weight-loss medications such as Ozempic, Mounjaro and Rybelsus. Monthly medication subscription to th...
14m ago
Austria's Raiffeisen drops bid to buy Russian tycoon industry stake
By Alexandra Schwarz-Goerlich and John O'Donnell (Reuters) -Austrian lender Raiffeisen Bank has abandoned a bid to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian tycoon, following pressure from Washington to scrap the deal. "In rec...
14m ago
Britain says it will expel Russian defence attache
LONDON (Reuters) - Britain said on Wednesday it would expel Russia's defence attache, remove diplomatic status from some properties and limit the length of Russian diplomatic visas. Home Secretary James Cleverly said the action followed a pattern o...
14m ago
EU Commission eyeing exemptions for 'forever chemicals' ban, Welt reports
FRANKFURT (Reuters) - The European Commission is planning to allow for wide-ranging exemptions from a proposed ban on substances known as PFAS, or "forever chemicals", to protect key industries, German newspaper Welt reported on Wednesday. Citing a...
14m ago
Tornado damage reported in SW Michigan
KALAMAZOO, MI -- Eleven tornadoes were reported Tuesday in western Michigan, according to the National Weather Service. Governor Gretchen Whitmer has issued a state of emergency for Kalamazoo, St. Joseph, Branch, and Cass counties after two tornadoes were confirmed in Portage. Another tornado was reported in Union City...
50m ago
Shopify forecasts downbeat quarterly revenue growth, shares sink
(Reuters) -Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its U.S. shares slumping 19% in premarket trading. The company ...
1h ago