Business
Textron to cut 1,500 jobs as program cancellations, weak demand hit results
(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 ...
EU court adviser backs data privacy activist Schrems in Meta fight
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.
Tractor Supply beats first-quarter profit estimates on easing costs
(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
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 ...
Analysis-New ASML boss Fouquet must navigate US/China chip war
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 ...
CBRM throws its support behind new proposed solar gardens projects
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, ...
Spotify says Apple has rejected its app update with price information for EU users
(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 ...
A. O. Smith posts quarterly profit beat on resilient water heater demand
(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 ...
Altria tops first quarter sales on higher pricing, robust demand for smokeless alternatives
(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 ...
KKR to buy $1.64 billion student housing portfolio from Blackstone's REIT
(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 ...