By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology…
Volvo readies EV blitz in biggest product revamp under Geely
(Corrects second paragraph to say Volvo Cars is 82%-owned by Geely, not wholly owned) By Norihiko Shirouzu (Reuters) – Volvo…
Publicis predicts further growth from digital advertising
By Olivier Sorgho (Reuters) – Publicis Groupe, the world’s third-largest advertising company, expects organic net revenue growth of 3-5% this…
Sony lifts outlook closer to record level, raises PS5 sales target
TOKYO (Reuters) -Japan’s Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing for…
Xiaomi demands payout from supplier after car designs leaked
SHANGHAI (Reuters) – China’s Xiaomi <1810.HK) said on Thursday it had imposed a 1 million yuan ($149,000) penalty on a…
Berkshire Hathaway sells $44.9 million of shares in China’s BYD
(Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric…
End of easy-cash era is going to hurt
(This Feb. 1 story has been corrected to fix the name of CIO in the “Going Private” section to Nicoll…
Telenor Q4 profit beats forecast, dividend lags expectations
OSLO (Reuters) – Norwegian telecoms operator Telenor on Thursday reported fourth-quarter earnings slightly above expectations and said forecast continued growth…
Meta stuns Street with lower costs, big buyback, upbeat sales
By Katie Paul and Nivedita Balu (Reuters) -Meta Platforms Inc’s stricter cost controls this year and a new $40 billion…
Honda to start producing new hydrogen fuel cell system co-developed with GM
TOKYO (Reuters) – Japan’s Honda Motor Co said it will start producing a new hydrogen fuel cell system jointly developed…