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Waymo to issue recall over self-driving vehicles driving past stopped school buses

WASHINGTON, Dec 5 (Reuters) - Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said the Alphabet unit's vehicles had illegally passed school buses at least 19 times in recorded incidents since the start of the school year. The National Highway Traffic Safety Administration, which first opened a probe in October into Waymo vehicles near school buses,

2025-12-05T22:33:09Z

AB InBev to acquire 85% stake in beverage maker BeatBox for $490 million

Dec 5 (Reuters) - Anheuser-Busch InBev on Friday said it plans to acquire a majority stake in the U.S.-based ready-to-drink beverage brand BeatBox for about $490 million. The deal would give Anheuser-Busch ownership of 85% of the company, with a path to 100% after five years based on a predetermined pricing formula. The transaction is expected to close in the first quarter of 2026 following

2025-12-05T20:58:19Z

Software startup deploys Singapore’s first quantum computer for commercial use

Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.

2025-12-04T04:44:23Z

Delta Air Lines issues ground stop for its flights at Detroit airport

Dec 5 (Reuters) - Delta Air Lines issued a ground stop for all its flights at Detroit airport on Friday, citing a technical connectivity issue. A ground stop is an air traffic control measure that temporarily halts flights from departing for a specific airport or region, usually due to safety, weather or operational issues. The carrier said it was working to resolve the issue as soon as possible

2025-12-05T14:18:07Z

Magnum Ice Cream's reference price for market debut set at 12.80 euros, Euronext says

Dec 5 (Reuters) - The Magnum Ice Cream Company's reference price was set at 12.80 euros ($14.89) per share for its stock market debut on Monday, Euronext said in a notice on Friday. Magnum's long-awaited spinoff from consumer goods conglomerate Unilever was delayed by a month by the U.S. government shutdown and will see the company become the world's biggest standalone ice cream business, home to

2025-12-05T17:18:04Z

Boeing says Trump's equity stake plan doesn't apply to big US defense firms

SIMI VALLEY, California, Dec 6 (Reuters) - U.S. President Donald Trump's plan to take government equity stakes in strategic industries doesn't apply to major defense firms, the head of Boeing's defense unit said on Saturday, in contrast to previous comments by a senior government official. The government wants industry to make investments in facilities, and large contractors are expected be able

2025-12-07T00:18:09Z

US lawmakers press Google, Apple to remove apps tracking immigration agents

Dec 5 (Reuters) - The House Committee on Homeland Security has asked Google and Apple to detail what steps they are taking to remove mobile applications that allow users to track federal immigration officers. In letters sent on Friday to Google CEO Sundar Pichai and Apple head Tim Cook, committee leaders singled out ICEBlock, an app previously used to monitor U.S. Immigration and Customs

2025-12-05T20:58:10Z

Amazon explores cutting ties with USPS, Washington Post reports

Dec 4 (Reuters) - Amazon is planning to end its long-standing partnership with the U.S. Postal Service as the ecommerce giant prepares to expand its nationwide delivery network, the Washington Post reported on Thursday, citing three people with knowledge of the matter. The online retailer has long been the postal service's top customer, providing more than $6 billion in annual revenue in 2025,

2025-12-04T11:33:07Z

Activist investor Elliott nears settlement with PepsiCo, WSJ reports

Dec 4 (Reuters) - Activist investor Elliott Management is close to striking a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Details of the settlement could not be learned, according to the report. Elliott had taken a roughly $4 billion stake in the beverage and snacks giant in September, and urged PepsiCo to boost its

2025-12-04T23:18:09Z

Meta acquires AI-wearables startup Limitless

By Echo Wang Dec 5 (Reuters) - Meta has acquired AI-wearables startup Limitless, maker of a pendant-style device that records and transcribes real-world conversations, as the social media giant doubles down on efforts to build AI-enabled consumer hardware. "Meta recently announced a new vision to bring personal superintelligence to everyone and a key part of that vision is building incredible

2025-12-05T19:08:06Z

CNBC daily open: Sweet gains for markets amid sour job signals

Remember, what looks like a catalyst for portfolios in the short term can mask economic weakness in the longer term if job losses continue.

2025-12-04T07:24:22Z

Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports

Dec 5 (Reuters) - Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo. The delay from an initially planned release in the second half of 2026 is because the company wants a fully polished device, the report said. Meta did not immediately respond to a Reuters request for comment

2025-12-06T03:58:09Z

Estée Lauder driving growth with new brands, global focus

By Arriana McLymore and Jessica DiNapoli NEW YORK, Dec 4 (Reuters) - Global cosmetics maker Estée Lauder Companies is focused on expanding market share and growing sales by developing new brands and focusing on younger consumers worldwide, and customizing products to meet consumers' needs across cultures, its CEO said at the Reuters NEXT conference on Thursday. Estée Lauder's President &

2025-12-04T20:13:07Z

US okays transactions with Lukoil gas stations outside Russia through late April

WASHINGTON, Dec 4 (Reuters) - The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company's revenues play in supporting Moscow's war in Ukraine. The transactions for about 2,000 stations throughout Europe, Central Asia, the Middle East and the Americas, were authorized

2025-12-04T16:53:09Z

Meta strikes multiple AI deals with news publishers

Dec 5 (Reuters) - Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide "real-time" news and updates through its artificial intelligence chatbot by linking to articles and websites from the

2025-12-05T14:18:09Z

Spirit Airlines scraps plan to furlough up to 365 pilots

By Doyinsola Oladipo NEW YORK, Dec 5 (Reuters) - Spirit Airlines said on Friday it has scrapped plans to furlough up to 365 pilots in the first quarter next year and scaled back a downgrade of captains, which were part of restructuring efforts after it filed for Chapter 11 bankruptcy protection in August. The ultra-low-cost carrier did not state a reason for the cancellation but the pilots'

2025-12-05T23:58:06Z

US regulators relax leveraged-lending guidance for banks

Dec 5 (Reuters) - The U.S. Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation said on Friday they are withdrawing their guidance on leveraged lending issued more than a decade ago, a move that contributed to the rise of private credit. The regulators said the framework had become "overly restrictive" and pushed lending activity into the non-bank sector. This

2025-12-05T20:03:10Z

Southwest Airlines lowers full-year EBIT forecast as government shutdown hits bookings

Dec 5 (Reuters) - Southwest Airlines cut its 2025 forecast for key profit metric EBIT on Friday, citing lower revenue due to the recent government shutdown and the impact from higher fuel prices. The company said it now expects its full-year earnings before interest and taxes to be about $500 million, compared with its previous forecast of $600 million to $800 million. Shares of the company were

2025-12-05T15:23:09Z

Volkswagen to invest $186 billion through 2030, CEO says

FRANKFURT, Dec 6 (Reuters) - Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe's top automaker faces a major crisis in its two key markets, China and the United States. Total spending, updated annually as part of Volkswagen's rolling five-year investment plan, compares with 165 billion euros for the 2025

2025-12-06T12:23:02Z

Exclusive: Swiss government set to water down part of UBS capital rules, sources say

By Ariane Luthi and Oliver Hirt ZURICH, Dec 5 (Reuters) - The Swiss government is set to soften part of a banking regulation package that could force UBS to add as much as $24 billion in capital, three people familiar with the matter said. The government is preparing to water down some of the rules it has direct control over, two of the sources said, speaking on the condition of anonymity

2025-12-05T16:23:10Z

Citigroup sets 2026-end STOXX 600 target at 640 on fiscal tailwinds

Dec 5 (Reuters) - Citigroup on Friday set its 2026 year-end target for the STOXX 600 index at 640, broadly driven by fiscal spending and supportive monetary policy. The Wall Street brokerage's target implies a 10.5% upside to the pan-European index's last close on Thursday. The benchmark has risen 14% this year, thanks to Germany's fiscal spending plans and interest rate cuts by the European

2025-12-05T07:43:12Z

Meta to cut up to 30% of metaverse budget, Bloomberg News reports

Dec 4 (Reuters) - Meta is expected to make up to 30% budget cuts for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussion. The Facebook parent's shares rose nearly 4% in morning trading. CEO Mark Zuckerberg has heavily bet on the augmented-reality unit, with the company changing its name to Meta from Facebook in 2021. The unit has burned more

2025-12-04T14:43:03Z

Airbus confirms 72 November deliveries after industrial glitch

PARIS, Dec 5 (Reuters) - Airbus delivered 72 planes in November to reach 657 so far this year, the European planemaker said on Friday. The figure, underscoring a weak November cited by Airbus CEO Guillaume Faury after an industrial glitch, means the world's largest planemaker has to deliver a near-record 133 planes in December to meet a newly revised 2025 goal of 790. November's tally fell from

2025-12-05T07:43:03Z

Australia says the world will follow social media ban as Meta starts blocking teens

By Byron Kaye and James Redmayne SYDNEY, Dec 4 (Reuters) - Australia's internet regulator said a teen social media ban would be the first domino to fall in a global push to rein in Big Tech, as Meta's Instagram, Facebook and Threads began locking out hundreds of thousands of accounts ahead of a deadline next week. eSafety Commissioner Julie Inman Grant said she had initially expressed concern

2025-12-04T21:13:11Z

Visa is moving its European headquarters to London's Canary Wharf, FT reports

Dec 5 (Reuters) - Visa is moving its European headquarters to London's Canary Wharf, the Financial Times reported on Friday. Visa is leasing 300,000 square feet at One Canada Square for a 15-year term, the report said, adding that the firm will lease 11 floors in the building that it is set it to occupy in 2028, the newspaper reported, citing the Canary Wharf Group. Visa and Canary Wharf Group

2025-12-05T06:38:04Z

Paramount accuses Warner Bros Discovery of unfair sale process, CNBC reports

Dec 4 (Reuters) - Paramount Skydance has accused Warner Bros Discovery of running an unfair sale process that favors Netflix over other bidders, CNBC reported on Thursday, citing a letter sent by the newly merged media company. Warner Bros Discovery reportedly received sweetened offers from potential bidders - Paramount, Comcast and Netflix - earlier this week after the HBO and CNN parent asked

2025-12-04T16:53:13Z

New York Times sues Perplexity AI for 'illegal' copying of content

Dec 5 (Reuters) - The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple legal disputes and faces similar accusations from a number of publishers as it tries to aggressively build market share in a

2025-12-05T14:18:08Z

Avatars, influencers in China livestreams help drive Reckitt's emerging-market led growth

By Alexander Marrow LONDON, Dec 5 (Reuters) - Influencers and AI-generated avatars selling everything from Durex condoms to Harpic toilet cleaner on livestreaming apps in China are propelling emerging-market led growth for consumer goods company Reckitt. E-commerce now accounts for around 80% of China's total sales, Reckitt said at an emerging-markets-focused event on Thursday, up from about 30%

2025-12-05T13:13:07Z

Netflix reportedly closes in on Warner Bros deal

The streaming giant has emerged as the top bidder ahead of rivals Comcast and Paramount Skydance, reports say.

2025-12-05T09:53:31Z

How family firms can best plan for succession

The Murdochs had a much-reported inheritance battle, but smoother transitions are possible.

2025-12-04T00:23:37Z

Ferrovial eyes more opportunities at US airports, CEO says

By Doyinsola Oladipo NEW YORK, Dec 4 (Reuters) - Multinational Spanish construction company Ferrovial sees more opportunities for investment in airports across the U.S. after leading a massive terminal overhaul at New York's John F. Kennedy International Airport, CEO Ignacio Madridejos said on Thursday. Speaking at the Reuters NEXT conference in New York, Madridejos said the infrastructure

2025-12-04T19:03:11Z

Big Yellow Group terminates deal talks with Blackstone

Dec 4 (Reuters) - British self-storage company Big Yellow Group said on Thursday that there was no basis of continuing discussions with Blackstone on a potential deal. The decision came after Blackstone informed Big Yellow of a possible offer and the valuation level at which it could make a proposal. The company did not disclose details of the offer by Blackstone. Blackstone disclosed in October

2025-12-04T21:13:07Z

ProShares withdraws some highly leveraged ETF plans after SEC review halt

Dec 4 (Reuters) - ETF provider ProShares has withdrawn its registration request for some highly leveraged exchange-traded funds after receiving a warning letter from the U.S. securities regulator that flagged risk exposures and paused the review of such plans. Such letters were sent on Tuesday to nine ETF providers, including ProShares, Direxion and GraniteShares, asking them to provide more

2025-12-04T10:33:12Z

Boosted by Dubai chocolate craze, Argentina bets on pistachios

By Leila Miller SAN JUAN, Argentina, Dec 4 (Reuters) - In Argentina’s rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize on its favorable climate to cash in on worldwide demand for the nut, which has been driven by the popularity of pistachio-filled Dubai chocolate. The

2025-12-04T23:18:13Z

UBS may cut further 10,000 jobs by 2027, SonntagsBlick reports

VIENNA, Dec 7 (Reuters) - UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information. Responding to the report, UBS did not confirm this number, but said it would "keep the number of jobs cuts in Switzerland and globally as low as possible". "The role reductions will take place over the course of several years and

2025-12-07T09:28:07Z

Exclusive - India weighs greater phone-location surveillance; Apple, Google and Samsung protest

By Aditya Kalra and Munsif Vengattil NEW DELHI, Dec 5 (Reuters) - India's government is reviewing a telecom industry proposal to force smartphone firms to enable satellite location tracking that is always activated for better surveillance, a move opposed by Apple, Google and Samsung due to privacy concerns, according to documents, emails and five sources. A fierce privacy debate erupted in India

2025-12-05T08:48:11Z

Wall St opens higher as investors mull Fed rate cuts

Dec 4 (Reuters) - Wall Street's main indexes opened slightly higher on Thursday as investors parsed a fresh batch of labor market data to gauge the odds of a much-anticipated Federal Reserve interest rate cut when it meets next week. The Dow Jones Industrial Average rose 5.3 points, or 0.01%, at the open to 47,888.16. The S&P 500 rose 16.8 points, or 0.24%, at the open to 6,866.47​, while the

2025-12-04T14:43:10Z

SpaceX in talks for share sale that would boost valuation to $800 billion, WSJ reports

Dec 5 (Reuters) - Elon Musk's SpaceX is kicking off a secondary share sale that would value the rocket-maker at $800 billion, the Wall Street Journal reported on Friday, pitting it against OpenAI for the title of the most valuable private company. SpaceX's finance chief, Bret Johnsen, told investors about the sale in recent days, the report said, citing people familiar with the matter. The $800

2025-12-05T20:03:09Z

AMD chief says company ready to pay 15% tax on AI chip shipments to China

By Stephen Nellis and Che Pan SAN FRANCISCO, Dec 4 (Reuters) - Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships them. Su made the remarks at a conference held by technology publication Wired in San Francisco. U.S. President Donald Trump in August said his

2025-12-05T08:48:09Z

US consumer sentiment improves in early December

WASHINGTON, Dec 5 (Reuters) - U.S. consumer sentiment improved in early December, but worries about high prices and the labor market persisted, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to 53.3 this month from a final reading of 51.0 in November. Economists polled by Reuters had forecast the index rising to 52. "

2025-12-05T15:23:07Z

FTC examines whether TP-Link misled US consumers about its China split, source says

Dec 4 (Reuters) - The U.S. Federal Trade Commission is examining whether router maker TP-Link Systems Inc. may have deceived consumers by allegedly concealing its connections to China since its restructuring last year, a source familiar with the matter said on Thursday. Under investigation is whether TP-Link created a false sense of security for its customers by misleadingly describing itself as

2025-12-04T21:13:10Z

Succession at LVMH? We don't talk about it, says Arnault's wife

PARIS, Dec 4 - Succession plans at luxury giant LVMH are seldom discussed within the controlling Arnault family, according to remarks by CEO Bernard Arnault's wife published in France's Liberation newspaper on Thursday. In corporate Europe, questions have long swirled around who will succeed France's wealthiest man Arnault, 76, who is also chairman of LVMH and, along with his family, a

2025-12-04T16:53:07Z

Chicago Fed sees November unemployment rate steady at 4.4% as alternate data shows job losses

By Howard Schneider WASHINGTON, Dec 4 (Reuters) - The U.S. unemployment rate was unchanged around 4.4% in November, the Chicago Federal Reserve estimated on Thursday, while closely watched data from a private provider added to the evidence that the U.S. labor market is slowly weakening. With official unemployment reports from the Bureau of Labor Statistics still delayed following the government

2025-12-04T13:38:10Z

Chevron-operated Gorgon project secures $2 billion investment nod

Dec 5 (Reuters) - The Australian unit of U.S. oil giant Chevron Corp said on Friday that the partners of the Gorgon Joint Venture have made a final investment decision on the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast. The investment will link the offshore Geryon and Eurytion natural gas fields to Gorgon's existing infrastructure on Barrow

2025-12-05T01:18:10Z

HPE forecasts weak quarterly revenue

Dec 4 (Reuters) - Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates on Thursday, signaling cautious enterprise spending. The company expects revenue in the range of $9 billion to $9.4 billion for the quarter, compared with analysts' average estimate of $9.90 billion according to data compiled by LSEG. (Reporting by Juby Babu in Mexico City; Editing by Krishna

2025-12-04T21:13:12Z

Stellantis to recall 72,509 US vehicles over software glitch, NHTSA says

(Corrects figure in headline to 72,509 from 72,502) Dec 4 (Reuters) - Chrysler parent Stellantis is recalling 72,509 Ram vehicles in the U.S. due to a software glitch in the instrument panel display that is causing it to go blank, the U.S. National Highway Traffic Safety Administration said citing a release submitted to the regulator on Monday. (Reporting by Rajveer Singh Pardesi in Bengaluru;

2025-12-04T16:53:10Z

Mortgage, buy-now, pay-later firms to address US consumer watchdog panel

By Douglas Gillison WASHINGTON, Dec 5 (Reuters) - The U.S. Consumer Financial Protection Bureau will next week convene its expert consumer advisory panel to discuss ending anti-discrimination policies, and a recent proposal to narrow civil-rights-era fair lending regulations, among other recent policy changes, according to an agenda seen by Reuters. The gathering of its Consumer Advisory Board,

2025-12-05T20:58:05Z

AI industry not in a bubble, but stocks could see correction, SK chief says

By Hyunjoo Jin SEOUL, Dec 5 (Reuters) - Artificial intelligence stocks could come under pressure after rising too fast and too much, but the industry is not in a bubble, the head of South Korean conglomerate that owns leading memory chipmaker SK Hynix said. Concerns about lofty AI stock valuations have begun to weigh on broader financial markets, while there are questions about when huge AI

2025-12-05T08:48:03Z

American Airlines requests notices in Spirit bankruptcy proceedings

By Doyinsola Oladipo NEW YORK, Dec 7 (Reuters) - American Airlines filed a notice of appearance in Spirit Aviation bankruptcy proceedings and requested to receive all notices and papers served moving forward, according to a court filing. In August, Spirit filed for bankruptcy for a second time as it grappled with dwindling cash reserves and mounting losses. The airline said it was exploring all

2025-12-07T19:03:05Z

Ford recalls nearly 109,000 vehicles, NHTSA says

Dec 5 (Reuters) - Ford has recalled 108,762 vehicles in the U.S. over issues with an improperly secured liftgate hinge cover that could detach from the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers certain 2020–2022 Escape and 2025 Escape models. Dealers will inspect and reinstall or replace any missing liftgate hinge covers as needed,

2025-12-05T17:18:06Z