Year: 2023
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Airline industry to meet in January over GPS spoofing spike
By Joanna Plucinska GENEVA (Reuters) – Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent months, using counterfeit signals to alter perceptions of time…
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Walmart top executives say difficult to predict consumer behavior next year
(Reuters) -Walmart’s top executives said on Wednesday consumer behavior would be tougher to predict next year as financial strain pushes customers to be more cautious about spending their dollars. The retail bellwether saw “anomalous type of behavior” from customers which “made us sit up in our chair” about the health of the consumer and what…
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Disney begins integrating Hulu into Disney+ streaming service
By Dawn Chmielewski (Reuters) – Walt Disney began offering Hulu as part of its namesake streaming service on Wednesday, bolstering Disney+’s family-friendly content with more general entertainment fare, such as FX’s intense kitchen drama “The Bear” and the popular reality show “The Kardashians.” The combined offering, known as “Hulu on Disney+”, will be available in…
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Exclusive-Hedge fund Palliser urges changes at Samsung C&T -sources
By Svea Herbst-Bayliss (Reuters) -Activist investor Palliser Capital is urging Samsung C&T (SCT) to spend its cash better, improve governance and communications and simplify its corporate structure to boost its share price, said three sources familiar with the matter. The London-based hedge fund has suggested SCT consider making a number of potential changes that could…
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Canada’s trade surplus grows more than expected in October
By Ismail Shakil OTTAWA (Reuters) -Canada recorded a larger-than-expected trade surplus of C$2.97 billion ($2.19 billion) in October, as exports rose marginally but imports slumped, Statistics Canada said on Wednesday. Analysts in a Reuters poll had forecast a C$1.60 billion surplus. September’s surplus was downwardly revised to C$1.1 billion from C$2.04 billion initially reported. Total…
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Exxon, Pioneer receive second US FTC request for details on pending takeover
(Reuters) -The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources and Exxon Mobil a second request for more information on their $60 billion takeover deal, Pioneer said on Tuesday. The companies are working with the FTC and continue to expect that the deal will be completed in the first half of…
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Elon Musk’s AI firm xAI files to raise up to $1 billion in equity offering
(Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission…
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Wall Street ends mixed after job openings hint at cooling economy
By Noel Randewich and Amruta Khandekar (Reuters) – Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Wall Street’s most valuable companies rose as Treasury yields dipped to multi-month lows. Nvidia and Apple rose more than 2%, while Amazon.com…
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Amazon latest to criticise Microsoft in UK cloud market probe
By Martin Coulter LONDON (Reuters) -Amazon has told Britain’s antitrust authority its rival Microsoft uses business practices that restrict customer choice in the cloud computing market, the second major company to criticise the U.S. tech giant’s operations. Britain’s Competition and Markets Authority (CMA) launched an investigation into the country’s cloud computing industry in October, following…
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Wall Street bank bosses warn lawmakers over new regulations
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony published on Tuesday. The CEOs of the country’s eight largest banks will appear before the…