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Exclusive: Palantir signs HD Hyundai deal worth hundreds of millions of dollars; CEO Karp 'bullish' on Korea
Reuters· 2026-01-20 14:15
Core Insights - U.S. technology company Palantir has secured a significant contract to provide additional software solutions to HD Hyundai, enhancing its presence in the heavy industry sector in South Korea [1] Group 1 - Palantir is expanding its operations in South Korea by increasing its software sales to HD Hyundai [1]
US patent office upholds First Solar's patents against third-party challenges
Reuters· 2026-01-20 14:14
Core Viewpoint - First Solar's solar cell technology patents have been upheld as the United States Patent and Trademark Office director denied three third-party applications challenging their validity [1] Company Summary - First Solar announced that its patents related to solar cell technology remain valid following the denial of challenges by third parties [1]
Union demands 7% wage increase for thousands of Deutsche Bank group staff
Reuters· 2026-01-20 13:12
Germany's DBV labour union is demanding a 7% pay increase for up to 8,000 Deutsche Bank group employees, as they hope to benefit from the bank's improved finances, the union said on Tuesday. ...
Bristol Myers partners with Microsoft for AI-driven lung cancer detection
Reuters· 2026-01-20 13:08
Core Insights - Bristol Myers Squibb has signed an agreement with Microsoft to utilize the tech company's AI-enabled radiology platform for enhancing early detection of lung cancer [1] Company Summary - The collaboration aims to leverage advanced technology to improve diagnostic processes in oncology, specifically targeting lung cancer [1]
U.S. Bancorp profit jumps on interest income, fee revenue boost
Reuters· 2026-01-20 12:42
U.S. Bancorp reported a nearly 23% jump in fourth-quarter profit on Tuesday as the country's fifth-largest lender earned more from interest payments and saw growth in fee revenue. ...
Exclusive: EU set to approve Universal Music's Downtown buy, sources say
Reuters· 2026-01-20 12:35
Group 1 - Universal Music Group is poised to receive conditional EU antitrust approval for its $775 million acquisition of Downtown Music [1]
Exclusive: CK Hutchison weighs London, Hong Kong listing of global telco assets, sources say
Reuters· 2026-01-20 12:32
Group 1 - CK Hutchison Holdings is considering a listing of its global telecommunications business in London and Hong Kong [1] - The potential listing could occur as early as the third quarter following the spin-off from the group [1]
Indian AI startup Emergent raises $70 million in round led by SoftBank, Khosla Ventures
Reuters· 2026-01-20 12:31
Group 1 - Indian software application creator startup Emergent has raised $70 million in funding [1] - The funding round was led by SoftBank Vision Fund and Khosla Ventures [1]
Fifth Third reports rise in fourth-quarter profit on higher interest income
Reuters· 2026-01-20 12:19
Core Viewpoint - U.S. regional bank Fifth Third Bancorp reported an increase in fourth-quarter profit, driven by higher interest income due to increased loan demand [1] Financial Performance - The bank's profit rose in the fourth quarter, indicating a positive trend in financial performance [1] - Higher interest income contributed significantly to the profit increase, reflecting the bank's ability to capitalize on rising loan demand [1]
Western Midstream renegotiates Occidental contracts, to get $610 million in unit transfer
Reuters· 2026-01-20 12:19
Core Viewpoint - Western Midstream Partners has successfully renegotiated contracts with Occidental Petroleum for natural gas gathering and processing in the Delaware Basin [1] Company Summary - Western Midstream Partners is involved in natural gas gathering and processing operations [1] - The renegotiation of contracts indicates a strategic move to enhance operational efficiency and potentially improve financial performance [1] Industry Summary - The Delaware Basin remains a critical area for natural gas production, and partnerships between midstream companies and producers like Occidental Petroleum are essential for optimizing resource extraction and processing [1]