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Category: Business News

24Jan

Jensen Huang Visits Shanghai as Nvidia Faces China Pressure

Beijing: Nvidia CEO Jensen Huang is in Shanghai, a person briefed on the matter said on Saturday, as the U.S. chip giant faces fierce competition from local rivals and scrutiny…
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24Jan

Meta suspends teen access to AI characters worldwide

Meta Platforms said on Friday it will suspend teenagers' access to its existing AI characters across all of its apps worldwide, as it builds an updated iteration of those for…
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24Jan

Tesla to charge subscription fee for self-steering features in US, Canada

Tesla on Thursday stopped including some driver-assistance features with new vehicles sold in the U.S. and Canada, requiring customers who want self-steering and similar technology to pay for a broader…
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24Jan

Citigroup to Cut More Jobs in March After 1,000 Layoffs

New York: Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month, according to two sources with knowledge of the…
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24Jan

Steelworkers, Marathon Petroleum enter contract talks days before expiry

Houston: The United Steelworkers union and Marathon Petroleum began negotiating on Friday a new multi-year contract for U.S. refinery and chemical plant workers with only a week to go before…
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24Jan

Exxon’s XTO Seeks Buyers for Eagle Ford Shale Assets

New York: Oil major Exxon Mobil's subsidiary XTO Energy is seeking buyers for some of its assets in the Eagle Ford shale basin in South Texas, an Exxon spokesperson confirmed…
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24Jan

Tyson Foods Extends Beef Processing at Closing Nebraska Plant, Saving 9% Jobs Temporarily

Chicago: Tyson Foods will temporarily continue to prepare beef for sale at a slaughterhouse it is closing in Lexington, Nebraska, the meatpacker said on Friday, offering a short reprieve to…
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24Jan

Fidelity settles lawsuit over Broadcom software access threat

Boston: Fidelity Investments had reached an agreement to settle a lawsuit accusing Broadcom of threatening to cut ​off its access to software that had become central to ‌the financial firm's…
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24Jan

Delta urges weekend travelers to rebook as major winter storm looms

Delta Air Lines on Friday urged passengers traveling this weekend to reschedule their flights as a major winter storm threatens to disrupt operations and force widespread cancellations. The storm is…
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24Jan

Toyota recalls 162,000 US vehicles over faulty multimedia display

Toyota said on Friday that it was conducting a safety recall involving around 162,000 vehicles in the United States over a faulty multimedia display. The recall includes certain model year…
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