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Apple halts Vision Pro overhaul to focus on AI glasses, Bloomberg News reports
Reuters· 2025-10-02 05:41
Apple has halted a planned overhaul of its Vision Pro headset to divert resources toward developing smart glasses that can rival products from Meta Platforms , Bloomberg News reported on Wednesday, ci... ...
Aerospace supplier TransDigm appoints new CEO
Reuters· 2025-10-02 05:36
Aircraft component maker TransDigm Group on Wednesday said Kevin Stein will retire as chief executive officer and be succeeded by Mike Lisman, the current co-chief operating officer. ...
Khrom Capital urges Acadia Healthcare to explore sale
Reuters· 2025-10-02 05:20
Khrom Capital Management, one of the largest shareholders of Acadia Healthcare , has called on the company's board to launch a formal strategic review, including a potential sale, citing years of poor... ...
Australia's renewables push powers 'gold rush' of bets on big batteries
Reuters· 2025-10-02 05:06
Investors in Australia's battery energy storage sector are embracing the chaos of the spot markets, emboldened by the nation's moves to scale up its renewable energy infrastructure. ...
Grindr names veteran executive John North as finance chief
Reuters· 2025-10-02 04:47
Dating app Grindr on Wednesday named John North as its finance chief, replacing Vanna Krantz. ...
Williams Companies to invest $3.1 billion in two power projects
Reuters· 2025-10-02 04:41
U.S. pipeline operator Williams Companies said on Wednesday it plans to invest about $3.1 billion in two additional power-innovation projects. ...
Wall Street closes higher, boosted by healthcare as investors shrug off jobs data, US shutdown
Reuters· 2025-10-02 04:38
Wall Street's main stock indexes closed higher on Wednesday, with the biggest boost from the healthcare sector, as investors looked past weaker-than-expected private payrolls data and uncertainty around the first day of the U.S. federal government shutdown. ...
Biotechnology firm Galapagos receives offers for cell-therapy business
Reuters· 2025-10-02 04:12
Biotechnology firm Galapagos' board has received non-binding offers from consortia, mainly comprised of financial investors, for its cell-therapy business, the company said on Wednesday. ...
Exclusive: KKR explores $7 billion sale of stake in Canada's Pembina Gas Infrastructure, sources say
Reuters· 2025-10-02 03:05
KKR is exploring a potential sale of its 40% stake in Pembina Gas Infrastructure, with its holding in the Canadian midstream operator expected to be valued at around $7 billion, four people familiar w... ...
Ford retrenchments in South Africa tied to UK tax shift, lower volumes
Reuters· 2025-10-02 02:12
The South African arm of Ford Motor has attributed the planned retrenchments to lower European orders for its Ranger pickup truck, driven by recent tax changes in the UK and sluggish export volumes for its plug-in hybrid Ranger model. ...