OpenAI chair’s AI startup Sierra gets $4.5 billion valuation in latest funding round
(Reuters) – Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has raised $175 million in a new…
Category: Business
Morgan Stanley lowers climate target, warns on sluggish transition
By Simon Jessop LONDON (Reuters) – Morgan Stanley has lowered its expectations for cutting emissions from its corporate lending portfolio…
Frontier Communications asks shareholders to accept Verizon’s takeover bid
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that…
Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15%…
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire…
Yum Brands takes out onions from meals after E.coli outbreak at McDonald’s
(Reuters) -Yum Brands said on Thursday it would be removing fresh onions from its meals at certain Taco Bell, Pizza…
Walmart in Mexico posts 5% dip in Q3 profit as costs grow
MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit reported a 5% dip in its third-quarter net profit on Wednesday…
T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans
(Reuters) -T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers chose its discounted…
Arm Holdings to cancel Qualcomm chip design license, source says
(Reuters) -Chip firm Arm is cancelling an architectural license agreement that allows Qualcomm to use its intellectual property to design…
BlackRock taps into AI frenzy with two new ETFs
(Reuters) – Asset management giant BlackRock on Tuesday launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to…