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First Brands, Tricolor collapses invite more scrutiny, but Wall Street sees robust credit quality
Reuters· 2025-10-14 17:53
The bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have prompted soul searching on Wall Street, with JPMorgan Chase saying it re-examined its controls after finding itself exposed, although banks broadly said that U.S. borrowers' credit quality is robust. ...
Intel customers to test new GPU late next year
Reuters· 2025-10-14 17:53
Intel said on Tuesday the chipmaker's customers will sample its new data center graphics processing unit, code-named Crescent Island, in the second half of 2026. ...
Facebook takes down page that Justice Department says was used to harass ICE agents
Reuters· 2025-10-14 17:01
Core Point - The U.S. Justice Department announced that Meta has complied with a request to remove a Facebook page that was allegedly used to harass ICE agents in Chicago [1] Group 1 - The Justice Department's action indicates ongoing scrutiny of social media platforms regarding their role in facilitating harassment [1] - Meta's compliance reflects its efforts to adhere to legal requests and manage content on its platform [1]
Google offers to tweak search results as EU antitrust fine looms
Reuters· 2025-10-14 16:55
Core Points - Alphabet's Google is making additional changes to its search results to avoid a potential antitrust fine from the European Union [1] Group 1 - Google is actively seeking to modify its search results as part of its strategy to mitigate legal challenges from the EU [1]
Petrobras faces new environmental queries on Foz do Amazonas drilling license
Reuters· 2025-10-14 16:47
Brazil's environmental agency Ibama has requested additional information from state-run oil firm Petrobras as part of the licensing process for drilling in the Foz do Amazonas Basin, according to documents seen by Reuters on Tuesday. ...
Humana loses challenge to 2025 Medicare Advantage ratings
Reuters· 2025-10-14 16:26
Core Viewpoint - A U.S. judge has denied Humana's request to contest the 2025 ratings from the Centers for Medicare & Medicaid Services for its Medicare Advantage programs, which may result in significant financial losses for the company due to potential bonus reductions [1] Group 1 - The ruling could lead to millions in lost bonuses for Humana, impacting its financial performance [1] - The decision underscores the regulatory challenges faced by companies in the Medicare Advantage sector [1]
Citigroup's AI usage frees up 100,000 hours for developers a week
Reuters· 2025-10-14 16:01
Citigroup CEO Jane Fraser said the company's use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers. ...
LVMH's third-quarter sales beat forecasts as group returns to growth
Reuters· 2025-10-14 15:46
Group 1 - LVMH, the world's largest luxury goods group, reported a 1% rise in third-quarter sales [1] - Improved demand in China contributed to the sales increase [1] - The luxury goods industry is currently facing a prolonged slump [1]
Goldman Sachs eyes job cuts and hiring slowdown amid AI push, memo shows
Reuters· 2025-10-14 15:42
Goldman Sachs has informed employees of potential job cuts and a hiring slowdown through the end of the year, according to an internal memo seen by Reuters, as the Wall Street giant aims to use artifi... ...
Brazil's Petrobras wants mandate for coprocessed diesel, says CEO
Reuters· 2025-10-14 15:13
Brazil's state-run oil company Petrobras is pushing for a mandate for the use of diesel coprocessed with vegetable oil, CEO Magda Chambriard said on Tuesday, adding that the firm can produce fuel with... ...