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Cisco slumps after cutting annual profit, revenue forecasts

The Cisco logo is displayed, during the GSMA’s 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing Rights Nov 16 (Reuters) – Cisco (CSCO.O) tumbled more than 12% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in… Continue reading Cisco slumps after cutting annual profit, revenue forecasts

UAW ratifies labor deal with General Motors

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook//File Photo Acquire Licensing Rights DETROIT, Nov 16 (Reuters) – General Motors’ (GM.N) tentative labor deal with the United Auto Workers (UAW) union has clinched ratification, making its workers… Continue reading UAW ratifies labor deal with General Motors

Auto strikes sink US manufacturing output in October

A United Auto Workers On Strike sign is seen outside the Ford Michigan Assembly Plant in Wayne, Michigan U.S. October 25, 2023. REUTERS/Rebecca Cook Acquire Licensing Rights WASHINGTON, Nov 16 (Reuters) – Production at U.S. factories dropped more than expected in October as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three”… Continue reading Auto strikes sink US manufacturing output in October

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[1/2]3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Nov 16 (Reuters) – China’s Alibaba Group (9988.HK), on Thursday scrapped plans to spin-off its cloud unit citing uncertainties created by U.S. export curbs on chips used in… Continue reading article with gallery

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A logo of Spotify is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights STOCKHOLM, Nov 16 (Reuters) – Spotify (SPOT.N), on Thursday, expanded its partnership with Google Cloud to use large language models (LLMs) to help identify a user’s… Continue reading Untitled

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[1/2]EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Show more companies STOCKHOLM, Nov 16 (Reuters) – TikTok on Thursday joined Meta (META.O) in appealing against the “gatekeeper” status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for… Continue reading article with gallery

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[1/3]A close-up view of the probe station that is being used to test the Azure Cobalt chip at Microsoft’s lab in Redmond, Washington is seen in this undated handout photo obtained by Reuters on November 13, 2023. Courtesy of Microsoft/Handout via REUTERS Acquire Licensing Rights Nov 15 (Reuters) – Microsoft (MSFT.O) on Wednesday announced a… Continue reading article with gallery

GM workers at big Texas plant approve UAW deal, boosting chances of passage

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Show more companies Nov 15 (Reuters) – More than 60% of United Auto Workers union members at General Motors’ <GM.N> Arlington, Texas assembly plant voted to approve a new… Continue reading GM workers at big Texas plant approve UAW deal, boosting chances of passage