Category: Business
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Elon Musk’s X escapes much of lawsuit over copyrighted songs
By Jonathan Stempel (Reuters) -X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on nearly 1,700 songs by letting people post music online without permission. U.S. District Judge Aleta Trauger in Nashville, Tennessee said the…
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Google-backed satellite to track global oil industry methane emissions
By Valerie Volcovici WASHINGTON (Reuters) – A new satellite backed by Alphabet Inc’s Google and the Environmental Defense Fund group will launch from California on Monday with a mission to pinpoint oil and gas industry methane emissions from space. The MethaneSAT sattelite will add to a growing fleet of spacecraft in orbit that are meant…
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Apple launches MacBook Air laptops with faster M3 chips
(Reuters) – Apple on Monday unveiled a pair of new MacBook Air laptops with its latest M3 processors, betting that the more powerful models would attract consumers looking to upgrade to artificial intelligence-powered personal computers. The new MacBook Air models come with 13-inch and 15-inch screen sizes and are up to 60% faster than the…
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Activist Blackwells says strategy, transparency issues hampering Disney
(Reuters) – Walt Disney investor Blackwells Capital said the lack of a strong content and technology strategy as well as governance and transparency issues were hampering the entertainment giant’s performance, as it attempts to get board seats at the company. Blackwells, one of the two activist shareholders seeking Disney board seats, said last week the…
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Walgreens CEO says no plans to sell specialty pharmacy unit
(Reuters) -Walgreens Boots Alliance’s CEO rejected a media report, saying the company does not plan to sell specialty pharmacy unit Shields Health Solutions at least for now The pharmacy chain is instead looking for ways to drive “the most value” for the business, CEO Timothy Wentworth said at a conference on Monday. Bloomberg News reported…
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Tesla in talks with Thailand for production facility, says government official
BANGKOK (Reuters) – Electric vehicle (EV) maker Tesla is in talks with Thailand’s government for a potential production facility in the country having conducted a site survey late last year, an official from the prime minister’s office said on Monday. The Thai government has offered Tesla 100% green energy to run the facility that could…
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Biden administration delays aviation fuel emissions model
By Jarrett Renshaw and Leah Douglas (Reuters) -The Biden administration on Friday said its new climate modeling for sustainable aviation fuel feedstocks will be released in a matter of weeks, marking a delay sources said was due to disagreements over details of the revisions. The slow progress on the revised modeling has frustrated the biofuels…
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Dollar dips on weak data, yen hurt by cautious BOJ
By Karen Brettell NEW YORK (Reuters) -The dollar fell against the euro on Friday on weaker than expected U.S. economic data but gained against the Japanese yen after Bank of Japan (BOJ) governor Kazuo Ueda said it was too soon to declare victory on inflation. In cryptocurrencies, bitcoin held just below a more than two-year…
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Dell rides on the AI wave to new record high
By Yuvraj Malik (Reuters) -Dell Technologies shares surged 25% to hit a record high on Friday, following an upbeat annual forecast that indicated the tech equipment maker was benefiting from the AI boom. The stock climbed to $118.8, and was set to add $17.7 billion to the company’s market value and on track to register…
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Dollar bounces before inflation data, bitcoin hits two-year high
By Karen Brettell NEW YORK (Reuters) -The dollar jumped against the euro and yen on Wednesday as investors positioned for U.S. and European inflation data due on Thursday, with month-end portfolio rebalancing also likely to sway market direction. Bitcoin hit a more than two-year high, benefiting from strong overall market liquidity. Brad Bechtel, global head…