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Cerebras Systems files to withdraw US IPO
Reuters· 2025-10-04 05:11
AI chip firm Cerebras Systems on Friday filed to withdraw, effective immediately, its plans for an initial public offering in the United States. ...
AbbVie expects $2.7 billion R&D charge in third quarter
Reuters· 2025-10-04 04:16
Drugmaker AbbVie in a regulatory filing on Friday said it expects third-quarter earnings to include a $2.7 billion charge related to in-process research and development (IPR&D) expenses. ...
Toyota to resume production at two Brazilian plants after heavy storm damage
Reuters· 2025-10-04 04:10
Japanese carmaker Toyota is set to resume vehicle production at two Brazilian plants, both in Sao Paulo state, after damages from heavy rain and winds halted operations last month, the company said on Friday. ...
Almost 1 billion Salesforce records stolen, hacker group claims
Reuters· 2025-10-04 02:29
Cybercriminals connected to a recent string of ransomware attacks on major British retailers said on Friday they had stolen almost 1 billion records from cloud technology giant Salesforce by focusing ... ...
Spirit Airlines to cut nearly 100 aircraft from its fleet, CFO says
Reuters· 2025-10-04 02:12
Spirit Airlines plans to shrink its fleet by nearly 100 aircraft and exit different U.S. markets as part of a sweeping restructuring under Chapter 11, CFO Fred Cromer said on Friday during a virtual m... ...
UnitedHealth shareholder proposes independent board chair
Reuters· 2025-10-04 02:02
A UnitedHealth shareholder proposed on Friday that the healthcare group should adopt a policy to require an independent board chair, a role now held by CEO Stephen Hemsley. ...
Monte dei Paschi picks CEO of fund manager Anima to lead Mediobanca
Reuters· 2025-10-04 01:52
Monte dei Paschi di Siena (MPS) on Friday proposed Alessandro Melzi d'Eril, CEO of fund manager Anima Holding , as the new chief of Mediobanca, the Milanese merchant bank it took over last month. ...
Fed's Jefferson repeats job market could face stress without support
Reuters· 2025-10-04 01:44
U.S. Federal Reserve Vice Chair Philip Jefferson reiterated on Friday that the U.S. job market could face stress if it is not supported by monetary policy. ...
Novo plans online launch for obesity pill once approved, Bloomberg News reports
Reuters· 2025-10-04 01:26
Danish drugmaker Novo Nordisk said it plans to make its new obesity pill available through telehealth platforms like Ro and WeightWatchers once it gets U.S. approval, Bloomberg News reported on Friday... ...
Exclusive: Chevron puts $2 billion Colorado pipeline assets for sale, sources say
Reuters· 2025-10-04 01:24
Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. ...