Business

SpaceX plans Texas data center expansion, The Information reports

Wednesday, July 22 by SRN News

July 22 (Reuters) - SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter. The expansion would significantly increase the company's AI computing capacity beyond its existing Memphis-area hub, where it... Read More.

Zelle must face New York attorney general’s lawsuit over fraud, judge rules

Wednesday, July 22 by SRN News

By Jonathan Stempel NEW YORK, July 22 (Reuters) - A judge rejected Zelle's bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion... Read More.

Exclusive-EU to review airline ownership rules, threatening easyJet bids

Wednesday, July 22 by SRN News

By Joanna Plucinska, Julia Payne and Alessandro Parodi FARNBOROUGH, England, July 22 (Reuters) - The European Union is preparing a review of airline ownership rules to prevent foreign investors from gaining effective control of carriers, an EU official said, a move that could complicate U.S.... Read More.

Nestle nears sale of water business stake at close to €5 billion valuation, FT reports

Wednesday, July 22 by SRN News

(Corrects typographical error in headline) July 22 (Reuters) - Private equity firm Platinum Equity is nearing a deal to acquire about a 50% stake in Nestle's European water business in a transaction that would value the joint venture at almost €5 billion ($5.71 billion), the... Read More.

GE Vernova misses core profit estimates as Wind weakness persists

Wednesday, July 22 by SRN News

By Sumit Saha July 22 (Reuters) - GE Vernova missed Wall Street estimates for second-quarter adjusted core profit on Wednesday as losses in its Wind business widened, overshadowing strong growth in its Power and Electrification units. Shares were down 6.4% in early trade. The Wind unit was... Read More.

U.S. and Pakistan condemn Houthi Red Sea threats to shipping and Saudi Arabia

Wednesday, July 22 by SRN News

ISLAMABAD (AP) - The United States and Pakistan on Wednesday condemned Yemen's Houthi rebels for threatening commercial shipping in the Red Sea after the group announced a naval blockade against Saudi Arabia earlier this week. U.S. Secretary of State Marco Rubio blamed Iran for the... Read More.

As Lake Powell shrinks, marinas are having to adapt to dwindling water levels

Wednesday, July 22 by SRN News

PAGE, Ariz. (AP) - Matt Barrett has seen Lake Powell drop nearly every year since 2013 or so, when he started making annual treks to the reservoir on the Utah-Arizona border. Some very snowy winters helped it rebound quickly, but this year was far... Read More.

Need backup power? Automakers want you to look no further than their vehicles in your driveway

Wednesday, July 22 by SRN News

DETROIT (AP) - Winter Storm Uri, the multiday freeze that slammed Texas in February 2021 and pummeled the state's power grid, has been on Kenneth Kovar's mind ever since. Though the resident of New Braunfels, northeast of San Antonio, didn't lose power at the... Read More.

Analysis-Separate US talks with Canada, Mexico test North America’s trilateral trade pact

Wednesday, July 22 by SRN News

By Promit Mukherjee, Emily Green and David Lawder OTTAWA/MEXICO CITY, July 22 (Reuters) - Separate U.S. negotiating tracks for Canada and Mexico are testing a trilateral free trade zone that has defined North America's economy for 32 years, with the U.S. potentially forcing concessions... Read More.

UK’s BAE enters uncrewed fighter competition with ‘Brontanax’

Wednesday, July 22 by SRN News

By Sarah Young FARNBOROUGH, England, July 22 (Reuters) - BAE Systems revealed a new unmanned fighter jet on Wednesday, boosting Britain's entry into one of the defence industry's hottest and most fiercely contested markets. The UK's biggest defence company showcased a model of its new jet,... Read More.

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Current Weather

SpaceX plans Texas data center expansion, The Information reports

Zelle must face New York attorney general’s lawsuit over fraud, judge rules

Exclusive-EU to review airline ownership rules, threatening easyJet bids

Nestle nears sale of water business stake at close to €5 billion valuation, FT reports

GE Vernova misses core profit estimates as Wind weakness persists

U.S. and Pakistan condemn Houthi Red Sea threats to shipping and Saudi Arabia

As Lake Powell shrinks, marinas are having to adapt to dwindling water levels

Need backup power? Automakers want you to look no further than their vehicles in your driveway

Analysis-Separate US talks with Canada, Mexico test North America’s trilateral trade pact

UK’s BAE enters uncrewed fighter competition with ‘Brontanax’

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