Turbine maker Vestas says losses widened on writedowns
Vestas, the world's number one wind turbine maker, said on Wednesday that writedowns pushed it into a wider loss in the second quarter.
Aug 14, 2024
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Business
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Business
Warner Bros. Discovery stock plunges on $10 bn quarterly loss
Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.
Aug 8, 2024
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Business
Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit
Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors.
Aug 7, 2024
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Business
Target's latest Demo Day was all about AI
With just a typed phrase, Target designers using a generative AI tool still in development illustrated how new fabrics might look on sketches to create furniture from a bright blue couch to a Hogwarts-themed chair.
Aug 5, 2024
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Business
Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
Chipmaker Intel says it is cutting 15% of its huge workforce—about 15,000 jobs—as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD.
Aug 2, 2024
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DoorDash sees record orders and revenue in second quarter even as US restaurant traffic slows
DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic.
Aug 2, 2024
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South Korea union pickets outside Samsung chairman's house
Leaders of a South Korean union representing tens of thousands of workers at Samsung Electronics staged a protest Thursday outside the house of the company's chairman and heir, after fresh negotiations failed.
Aug 1, 2024
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Security
Think you're immune to crypto scams? You might be more at risk than you realize
Cryptocurrencies and other digital assets have enjoyed an astonishing rise into mainstream consciousness in recent years. Despite all the hype—perhaps partly because of it—investing in them can still expose us to serious ...
Jul 31, 2024
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Business
Samsung Electronics Q2 shows fastest growth in over a decade
Samsung Electronics Wednesday reported its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.
Jul 31, 2024
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Business
Airbus first-half net profit halved to 825 mn euros
Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.
Jul 30, 2024
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