Business

Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News reports

Monday, August 10 by SRN News

Aug 10 (Reuters) - Britain's Imperial Brands is preparing to cut thousands of jobs in key markets, including the United States and Europe, to reduce costs, Bloomberg News reported on Monday citing people familiar with the matter. Shares of the tobacco firm fell 5.3%... Read More.

New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project

Monday, August 10 by SRN News

By Sheila Dang HOUSTON, Aug 10 (Reuters) - Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged peers, analysts and investors said. The... Read More.

Berkshire shares rise to highest since Abel replaced Buffett after stock buybacks, strong earnings

Monday, August 10 by SRN News

By Jonathan Stempel Aug 10 (Reuters) - Berkshire Hathaway shares rose on Monday to their highest level since Warren Buffett announced his departure as chief executive in May 2025, after his successor Greg Abel began spending the conglomerate's huge cash pile and financial results topped... Read More.

The Economic War Against Iran

Monday, August 10 by SRN News

(SRN NEWS) - A top Trump administration official says Iran may fear American economic pressure more than military force. U.S. Ambassador to the United Nations Mike Waltz says that Tehran's greatest concern right now is not Defense Secretary Pete Hegseth, but Treasury Secretary Scott Bessent,... Read More.

Zuckerberg manifesto pushes an open-source approach on AI as Meta releases its latest model

Monday, August 10 by SRN News

(AP) - Meta Platforms on Monday announced the release of a new artificial intelligence model that's open for other software developers to use as CEO Mark Zuckerberg warned of the risks if control of advanced AI is concentrated under a select few companies, institutions... Read More.

Wall St opens flat as markets monitor Hormuz situation

Monday, August 10 by SRN News

(Corrects syntax error in headline) Aug 10 (Reuters) - Wall Street's main indexes opened little changed on Monday, as investors weighed developments in the Middle East that could influence the reopening of the Strait of Hormuz and braced for a week laden with crucial inflation... Read More.

Bristol Myers to build $2.3 billion manufacturing site in Houston

Monday, August 10 by SRN News

Aug 10 (Reuters) - Drugmaker Bristol Myers Squibb on Monday said it will spend about $2.3 billion to build a new manufacturing facility in Houston, Texas, part of a previously announced $40 billion commitment to invest in the United States. The New Jersey-based company said... Read More.

Archer to acquire Boeing’s Wisk and two units for near 20% equity stake

Monday, August 10 by SRN News

Aug 10 (Reuters) - Air taxi maker Archer Aviation entered into a deal to acquire Boeing's electric aircraft unit, Wisk Aero, along with two related subsidiaries, and in exchange will give Boeing a nearly 20% stake in the combined company, the companies said on... Read More.

Mining investor TechMet forms US subsidiary to attract more capital

Monday, August 10 by SRN News

Aug 10 (Reuters) - Mining investor TechMet said on Monday it would form a U.S. subsidiary as part of a push to attract more capital from public and private partners for critical minerals projects. Dublin-based TechMet, which counts the U.S. government as a major... Read More.

Exclusive-Blackstone-owned Safe Harbor nears $1.5 billion deal to buy MarineMax, sources say

Monday, August 10 by SRN News

By Svea Herbst-Bayliss and David French NEW YORK, Aug 10 (Reuters) - Blackstone Infrastructure's Safe Harbor Marinas, the world's largest owner and operator of marinas, is nearing a $1.5 billion deal to acquire MarineMax, people familiar with the matter said. The agreement will cap a months-long... Read More.

Current Weather

Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News reports

New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project

Berkshire shares rise to highest since Abel replaced Buffett after stock buybacks, strong earnings

The Economic War Against Iran

Zuckerberg manifesto pushes an open-source approach on AI as Meta releases its latest model

Wall St opens flat as markets monitor Hormuz situation

Bristol Myers to build $2.3 billion manufacturing site in Houston

Archer to acquire Boeing’s Wisk and two units for near 20% equity stake

Mining investor TechMet forms US subsidiary to attract more capital

Exclusive-Blackstone-owned Safe Harbor nears $1.5 billion deal to buy MarineMax, sources say

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