Bosch to reduce hours for 450 employees due to tough economy
BERLIN (Reuters) – German auto parts supplier Robert Bosch (NS:BOSH) will reduce the hours, and consequently the pay, of 450...
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Business
Mercedes to cut costs by billions per year as China weakens – report
Investing.com — Mercedes-Benz (OTC:MBGAF) is taking steps to reduce costs by billions of euros annually in response to ongoing difficulties...
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Nvidia added to upside 90-day catalyst watch at Citi
Investing.com — Citi has placed Nvidia (NASDAQ:NVDA) on a 90-day Upside Catalyst Watch ahead of CES in January 2025. The bank...
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JD Sports shares plunge as profit guidance cut amid weaker consumer demand
Investing.com — JD Sports Fashion Plc (LON:JD) has revised its profit guidance for the full year, warning investors to expect earnings...
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Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say
By Fanny Potkin (Reuters) – China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first...
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Analysis-Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’
By Hyunjoo Jin, Cynthia Kim and Kane Wu SEOUL (Reuters) -A takeover battle over Korea Zinc is adding pressure on...
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Exclusive-Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say
By Miho Uranaka and Sam Nussey TOKYO (Reuters) – Bain-backed Kioxia will have a market value of about 750 billion...
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US arrests homeless man in New York Stock Exchange bomb plot
By Daniel Trotta (Reuters) – U.S. law enforcement on Wednesday arrested a homeless Florida man and charged him with plotting...
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China-based biotech Laekna teams up with Lilly to develop muscle preserving obesity drug
(Reuters) – Eli Lilly (NYSE:LLY) and Hong Kong-listed Laekna will collaborate to develop an experimental obesity drug that aims to...
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Nvidia Q3 results beat, but guidance underwhelms lofty expectations
Investing.com – Nvidia reported fiscal third-quarter results that topped Wall Street estimates, but its current-quarter guidance underwhelmed lofty investor expectations...
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