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Microsoft edges past cloud growth expectations
Reuters· 2026-01-28 21:04
Microsoft topped quarterly revenue expectations for its crucial cloud-computing business on Wednesday, signaling that its hefty spending on artificial intelligence was paying off, easing worries about... ...
Truth Social Funds plans acquisition of God Bless America ETF
Reuters· 2026-01-28 20:50
Group 1 - Yorkville America Equities, LLC has launched five Truth Social-branded ETFs focusing on "America first" investment themes [1] - The investment adviser has reached an agreement regarding the management of these ETFs [1]
Amazon, Chanel appointed to represent Saks' creditors in bankruptcy
Reuters· 2026-01-28 20:37
Core Insights - Ecommerce giant Amazon and luxury brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, enhancing their influence in the luxury retailer's bankruptcy proceedings [1] Group 1 - Amazon's involvement in the creditors committee signifies its growing role in the luxury retail sector [1] - LVMH and Chanel's participation reflects the interests of high-end brands in the outcome of Saks Global's financial restructuring [1] - The creditors committee will provide these companies with a stronger voice in negotiations related to Saks Global's bankruptcy [1]
US robotaxi group Waymo aims to launch in London by fourth quarter of 2026
Reuters· 2026-01-28 20:11
Core Insights - Waymo, a U.S. robotaxi company, aims to launch its fully driverless ride-hailing service in London by Q4 2026 [1] Company Summary - Waymo is expanding its operations internationally with plans for a fully autonomous ride-hailing service [1]
Deutsche Bank, DWS eye stake in Fosun-controlled firm, Bloomberg News reports
Reuters· 2026-01-28 19:48
Deutsche Bank AG and its asset management arm DWS Group are weighing a move to inject fresh capital in exchange for a significant minority stake in Fosun International-controlled life insurance consol... ...
Monte dei Paschi removes potential stumbling block for CEO reappointment
Reuters· 2026-01-28 19:00
Monte dei Paschi di Siena (MPS) said on Wednesday it had approved rules allowing all of its directors to take part in the process of drawing up a list of candidates for a renewal of the bank's board. ...
FedEx plans MD-11 cargo plane return by May 31 following UPS accident
Reuters· 2026-01-28 18:33
Core Viewpoint - FedEx is collaborating with Boeing and U.S. aircraft safety regulators to return the MD-11 cargo planes to service by May 31 after grounding them following a fatal crash involving one of the jets [1] Group 1 - FedEx is working with Boeing and U.S. regulators to address safety concerns related to the MD-11 cargo planes [1] - The MD-11 cargo planes were grounded due to a deadly incident, highlighting the importance of safety in the aviation industry [1] - The target date for returning the grounded MD-11 aircraft to service is set for May 31 [1]
Petrobras renews oil deals with Indian refiners worth more than $3.1 bln
Reuters· 2026-01-28 18:26
Core Insights - Petrobras, Brazil's state-run oil firm, has expanded and renewed oil sales contracts with Indian state-owned oil refiners [1] Company Summary - Petrobras has taken steps to strengthen its relationship with Indian state-owned oil refiners through the expansion and renewal of oil sales contracts [1]
US lawmaker scrutinizes Ford plan to produce batteries with technology from CATL
Reuters· 2026-01-28 18:23
The Republican chair of a U.S. House committee is scrutinizing Ford's plan to repurpose its existing U.S. battery manufacturing facilities to produce lithium iron phosphate cells and grid-scale energy... ...
House Democrats warn oil companies of risks of Venezuela transactions
Reuters· 2026-01-28 17:49
A dozen House Democrats on Wednesday sent a letter to 21 companies who attended a Jan. 9 White House meeting about developing Venezuelan oil resources, warning them that any transaction or investment ... ...