(Reuters) -Abbott Laboratories’ Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a…
Ford to cut up to 3,200 European jobs, union says, vowing to fight
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford Motor Co plans to cut up to 3,200 jobs across Europe…
Lab-grown meat moves closer to American dinner plates
By Leah Douglas WASHINGTON (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants…
Fed needs mortgage-backed securities exit plan ‘earlier than later,’ George says
By Howard Schneider WASHINGTON (Reuters) – Kansas City Federal Reserve President Esther George has urged her colleagues to come to…
Top hedge funds earned sharply less for clients in 2022, LCH data shows
By Svea Herbst-Bayliss (Reuters) -The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their…
Defense firms set to post higher sales, McCarthy’s election clouds outlook
By Nathan Gomes (Reuters) – Defense companies are expected to post higher fourth-quarter sales, according to analysts, bolstered by easing…
Microsoft to invest more in OpenAI as tech race heats up
By Jeffrey Dastin (Reuters) -Microsoft Corp on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the…
U.S. leading indicators index falls for 10th straight month
(Reuters) – A gauge of future U.S. economic activity tumbled for a 10th straight month in December with a widespread…
Activist investor Elliott Management takes stake in Salesforce – sources
(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to…
Microsoft, Amazon results to highlight softening cloud business
By Yuvraj Malik and Aditya Soni (Reuters) – Slower cloud spending by inflation-hit businesses is expected to stall the sales…