(Reuters) – Alphabet’s Google said on Thursday it will move the team behind the Gemini app to its artificial intelligence research lab DeepMind as the search giant looks to streamline its structure and better position itself in the generative AI race. The shift “will improve feedback loops, enable fast deployment of our new models in …
By Karl Plume CHICAGO (Reuters) – A developing La Nina is expected to bring warmer- and drier-than-normal weather to the central and southern U.S. Plains this winter, likely worsening a drought in the country’s top winter wheat-producing area, the National Oceanic and Atmospheric Administration (NOAA) said on Thursday. U.S. farmers are currently planting winter wheat …
Rising La Nina to deepen US Plains drought, NOAA says Read More »
(Reuters) – Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading. Silver Lake and GIC will acquire all outstanding shares of Zuora’s common stock at …
Billing software firm Zuora to go private in $1.7 billion deal with Silver Lake, GIC Read More »
By Anton Bridge TOKYO (Reuters) -The Tokyo Stock Exchange’s role from now on is to facilitate constructive dialogue between companies and investors rather than mandate how businesses are run, its head said on Thursday. “The real power to bring about change lies with investors and shareholders,” Hiromi Yamaji, chief executive officer of Japan Exchange group, …
Tokyo Stock Exchange CEO says talks between firms and investors key to governance Read More »
(Reuters) – Snap-On posted a lower-than-expected third-quarter sales on Thursday, as inflationary pressures weighed on demand in the tools segment. Higher borrowing costs and a rise in prices of tools – one of the company’s biggest revenue drivers – have led customers to limit purchases. Sales in the Snap-On’s tools segment fell about 3% to …
Snap-On misses quarterly sales estimates on lower tool demand Read More »
MEXICO CITY (Reuters) – U.S. automaker General Motors said on Thursday that it fully supported the Mexican government’s push to strengthen supply chains in the region, though it declined to “respond to speculation about future plans.” Mexico’s deputy economy minister had said on Wednesday that GM and Taiwanese tech giant Foxconn would announce plans to …
Carmaker GM supports Mexico’s push to strengthen regional supply chains Read More »
By Bill Trott (Reuters) – Mitzi Gaynor, whose singing and dancing brightened Hollywood musicals throughout the 1950s, including trying unsuccessfully to “wash that man right outa my hair” as nurse Nellie Forbush in “South Pacific,” has died at the age of 93. Gaynor died peacefully of natural causes, her management team said on Thursday. “For …
Mitzi Gaynor, star of Hollywood musicals, dies at 93 Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov. 5 U.S. election where he expects the Republican Party will chalk up wins. Loeb believes the Republican presidential candidate, Donald Trump, is more likely to win the White House and …
By Luc Cohen and Jack Queen (Reuters) -A judge on Wednesday overturned controversial changes to Georgia election rules made by a Republican-controlled state board, the latest defeat for allies of Donald Trump seeking to change how the state’s votes are counted in the Nov. 5 U.S. presidential election. Judge Thomas Cox struck down a half-dozen …
Georgia judge blocks elections rules backed by Pro-Trump Republicans Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view that the economy maintained a strong growth pace in the third quarter. The slightly stronger-than-expected rise in sales reported by the Commerce Department on Thursday …
Strong discretionary spending buoys US retail sales in September Read More »
