Business
ASMI raises Q2 revenue forecast, Chinese bookings stronger than expected
(Reuters) - Wafer processing equipment supplier ASM International (ASMI) on Tuesday raised its revenue forecast for the second quarter of the year, citing stronger-than-expected Chinese demand and higher sales in advanced logic and memory. ASMI ...
JPMorgan CEO Dimon says US economy is booming
(Reuters) - JPMorgan Chase CEO Jamie Dimon said the U.S. economy was booming and consumer spending continued to be resilient. The U.S. economic boom is "unbelievable," Dimon told the Economic Club of New York on Tuesday. "Even if we go into ...
New Upper Canadian owners for two central Nova Scotia golf courses
The golf season now starting is the first full year under new ownership at Mountain Golf and Country Club in East Mountain, Colchester County and the Glen Lovat Golf Club in New Glasgow. The Crown Group of Hotels, based in Missisauga, Ont., took over ...
TikTok has submitted risk assessment report on TikTok Lite to EU
BRUSSELS (Reuters) - TikTok has submitted a risk assessment report on its new app TikTok Lite to the European Commission, the company said on Tuesday, averting a possible fine. The EU executive had on Monday given the ByteDance-owned company 24 ...
Air Products plans network of hydrogen refueling stations in Canada
(Reuters) - Industrial gas manufacturer Air Products and Chemicals said on Tuesday that it plans to build a network of hydrogen refueling stations across Canada. The stations, stretching from Edmonton to Calgary in the province of Alberta, will ...
Tesla launches performance variant of Model 3 compact sedan
(Reuters) - Tesla launched a performance variant of its Model 3 compact sedan in the United States at $52,990, the electric vehicle maker's website showed on Tuesday. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
PARIS (Reuters) - French luxury group Kering reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while undergoing a design overhaul. The group said its ...
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows
(Reuters) -Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said in a Worker Adjustment and Retraining Notification (WARN) notice. The notice on Monday was issued under the WARN Act, a U.S. labor law that requires ...
Chile telecoms firm Entel lifts 2024 investments to $618 million
SANTIAGO (Reuters) - Chilean telecommunications firm Entel plans to invest $618 million this year, the company said on Tuesday, slightly above its 2023 spending. The funds will go primarily toward Entel's mobile and home divisions, the firm in a ...
UPS sees profit in US Postal Service work that dragged down FedEx earnings
By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the ...