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A view of planes at the Textron Aviation, makers of Cessna and Beechcraft brands, booth at the Henderson Executive Airport during the NBAA Business Aviation Convention & Exhibition in Henderson, Nevada, U.S., October 12, 2021.

Textron to cut 1,500 jobs as program cancellations, weak demand hit results

Reuters |Updated just now |2 min read

(Reuters) - Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business. Shares of the Rhode Island-based ...

Meta logo is seen near computer motherboard in this illustration taken January 8, 2024.

EU court adviser backs data privacy activist Schrems in Meta fight

Foo Yun Chee |Updated just now |2 min read

By Foo Yun Chee BRUSSELS (Reuters) - Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data.

SaltWire

Tractor Supply beats first-quarter profit estimates on easing costs

Reuters |Updated just now |1 min read

(Reuters) - Tractor Supply beat Wall Street expectations for first-quarter profit on Thursday, as easing transport costs and steady demand for the farming supplies retailer's pet food and gardening products bolstered its margins. Demand for the ...

US weekly jobless claims unexpectedly fall

Reuters |Updated 10 minutes ago |1 min read

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labor market conditions. Initial claims for state unemployment benefits dropped 5,000 to a ...

Newly appointed President and CEO of Dutch chip machine maker ASML Christophe Fouquet poses for a picture in Veldhoven, Netherlands January 24, 2024.

Analysis-New ASML boss Fouquet must navigate US/China chip war

Toby Sterling |Updated 10 minutes ago |4 min read

By Toby Sterling AMSTERDAM (Reuters) - ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech company through the US/China "chip war", while maintaining the group's lead over rivals and managing ...

Two solar gardens are being proposed for a pair of Cape Breton locations: one in the Sydney area, a second in the Loch Lomond area. REUTERS FILE

CBRM throws its support behind new proposed solar gardens projects

Ian Nathanson |Updated 10 minutes ago |9 min read Premium content

More solar gardens may be appearing in the Cape Breton Regional Municipality, if a proposal from an Ontario developer and a local engineering partner gets approved.  Sydney-based TriMac Engineering has joined forces with SolarBank Corp., a developer, ...

A logo of Spotify is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023.

Spotify says Apple has rejected its app update with price information for EU users

Reuters |Updated 30 minutes ago |2 min read

(Reuters) - Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday. The Swedish company submitted a new version of its app to Apple with ...

SaltWire

A. O. Smith posts quarterly profit beat on resilient water heater demand

Reuters |Updated 37 minutes ago |1 min read

(Reuters) - Water heater maker A. O. Smith reported a better-than-expected first-quarter profit on Thursday, aided by price hikes and resilient demand for its water heaters and treatment products in North America. The Milwaukee, Wisconsin-based ...

A woman poses with a cigarette in front of Philip Morris International logo in this illustration taken July 26, 2022.

Altria tops first quarter sales on higher pricing, robust demand for smokeless alternatives

Reuters |Updated 47 minutes ago |1 min read

(Reuters) - Altria Group topped quarterly sales expectations on Thursday, driven by higher pricing and rising demand for alternatives to conventional tobacco products. Like other tobacco giants, Altria has been revamping its portfolio of products ...

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018.

KKR to buy $1.64 billion student housing portfolio from Blackstone's REIT

Reuters |Updated 9 minutes ago |1 min read

(Reuters) - Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday. (Reporting by Manya Saini in Bengaluru; Editing ...

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