CMPNY

Most Gulf equities track oil prices, global markets higher

Nov 30 (Reuters) – Most major Gulf equities closed higher on Wednesday, tracking global peers and oil prices higher on optimism over China demand recovery, while market focus also turned to US Federal Reserve chief Jerome Powell’s speech due later in the day. Most Gulf Cooperation Council countries, including Saudi Arabia, the United Arab Emirates …

Most Gulf equities track oil prices, global markets higher Read More »

Apple sues AliveCor over patents as Apple Watch import ban deadline looms

Summary Companies Law firms Related documents Device maker copied wearable heart-monitoring technology – Apple AliveCor said Apple infringed its heart-monitoring patents (Reuters) – Apple Inc sued medical-device maker AliveCor Inc in San Francisco federal court on Friday, claiming AliveCor’s wearable heart monitors violated its patent rights. Apple’s complaint follows lawsuits by AliveCor against the tech …

Apple sues AliveCor over patents as Apple Watch import ban deadline looms Read More »

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of the electric vehicle (EV) giant’s production plan said. said on Monday. Tesla did not immediately respond to a request for comment on …

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources Read More »

BP doubles down on hydrogen as fuel of the future

BP sees fast growth in low-carbon hydrogen Fuel to benefit from government subsidies CEO Looney to announce hydrogen production targets BP plans big hydrogen project at Whiting, Indiana refinery LONDON, Dec 5 (Reuters) – BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump …

BP doubles down on hydrogen as fuel of the future Read More »

Bankman-Fried says he will testify before the US House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the …

Bankman-Fried says he will testify before the US House committee Read More »

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon …

Apple and Amazon resume advertising on Twitter, reports say Read More »

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have fueled discontent …

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source Read More »

Amgen says experimental obesity drug has promising durability

LOS ANGELES, Dec 3 (Reuters) – Amgen Inc’s ( AMGN.O ) experimental obesity drug demonstrated promising durability trends in an early trial, paving the way for a larger mid-stage study early next year, company officials said ahead of a data presentation. on Saturday. The small Phase I trial found that patients maintained their weight loss …

Amgen says experimental obesity drug has promising durability Read More »

Exclusive: Delta offers pilots hefty pay raises as unions flex bargaining power

CHICAGO, Dec 2 (Reuters) – Delta Air Lines ( DAL.N ) has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. If the deal is approved by Delta pilots, it is widely expected …

Exclusive: Delta offers pilots hefty pay raises as unions flex bargaining power Read More »