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Federal regulators approve Venture Global commissioning extension at Plaquemines LNG plant
Reuters· 2025-10-16 20:35
Core Viewpoint - Federal regulators have granted Venture Global additional time to keep its Plaquemines LNG plant in Louisiana in the commissioning stage before commencing full commercial operations [1] Group 1 - The approval allows Venture Global to extend the commissioning phase of the Plaquemines LNG plant, which is crucial for ensuring operational readiness [1] - This decision reflects the regulatory support for LNG projects amid ongoing energy market dynamics [1]
Salesforce sued by authors over artificial intelligence software
Reuters· 2025-10-16 20:03
Core Points - Salesforce is facing a proposed class action lawsuit from two authors who claim the company used thousands of their books without permission to train its artificial intelligence software [1] Group 1 - The lawsuit alleges unauthorized use of copyrighted material, which raises significant legal and ethical concerns for the company [1] - The outcome of this lawsuit could have implications for the broader industry regarding the use of copyrighted content in AI training [1]
Britain's Smiths Group to sell interconnect unit to Molex in $1.75 billion deal
Reuters· 2025-10-16 19:53
Core Viewpoint - Smiths Group's interconnect unit is being acquired by U.S.-based Molex Electronic for a valuation of £1.3 billion [1] Group 1: Acquisition Details - The acquisition involves Smiths Group's interconnect unit, which is a significant part of its business operations [1] - The deal is valued at £1.3 billion, indicating a strong market interest in the interconnect technology sector [1] Group 2: Market Implications - This acquisition reflects ongoing consolidation trends within the electronic equipment manufacturing industry, highlighting the strategic importance of interconnect solutions [1] - The transaction may enhance Molex Electronic's capabilities and market position in the interconnect segment [1]
Spirit Airlines to furlough another 365 pilots amid restructuring
Reuters· 2025-10-16 19:31
Core Points - Spirit Airlines announced plans to furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as part of workforce right-sizing efforts [1] Company Actions - The company is taking additional steps to adjust its workforce in response to operational needs [1]
United Airlines sees US shutdown as risk to travel confidence
Reuters· 2025-10-16 19:06
United Airlines Scott Kirby warned on Thursday that an extended government shutdown risks taking a toll on airline bookings as well as flight operations. ...
Apple readies high-end MacBook Pro with touch, hole-punch screen, Bloomberg News reports
Reuters· 2025-10-16 18:58
Core Insights - Apple is set to launch a redesigned MacBook Pro featuring a touch display, anticipated for late 2026 or early 2027 [1] Company Developments - The new MacBook Pro will incorporate a touch display, indicating a shift in design and functionality for Apple's laptop lineup [1] - The launch timeline suggests Apple is focusing on enhancing user experience and adapting to market trends [1] Industry Trends - The introduction of a touch display in laptops aligns with broader industry trends towards more interactive and versatile computing devices [1] - This move may influence competitors to innovate and adapt their product offerings in response to Apple's advancements [1]
Wall Street drops as Zions sparks worries about regional banks
Reuters· 2025-10-16 18:55
Wall Street fell on Thursday, with signs of weakness in regional banks spooking investors already on edge over China-U.S. trade tensions. ...
BBVA falls far short of securing 30% in takeover deal for Sabadell
Reuters· 2025-10-16 18:50
Core Viewpoint - BBVA's hostile takeover bid for Sabadell was unsuccessful as it failed to secure at least 30% of Sabadell's shares in a public tender offer earlier this month [1] Company Summary - BBVA attempted a hostile takeover of smaller rival Sabadell [1] - The takeover bid was made public earlier this month [1] - The failure to secure the necessary share percentage indicates challenges in the consolidation efforts within the banking sector [1]
JPMorgan Chase CEO says company is looking at banks in Europe, Latin America
Reuters· 2025-10-16 18:45
JPMorgan Chase CEO Jamie Dimon said on Thursday the largest U.S. lender was looking at banks in Europe and Latin America. ...
Oracle expects cloud infrastructure revenue to be $166 bln in FY30
Reuters· 2025-10-16 17:44
Core Viewpoint - Oracle anticipates its cloud infrastructure revenue will reach $166 billion by fiscal year 2030 [1] Group 1 - The projected revenue indicates significant growth potential in Oracle's cloud infrastructure segment [1]