Business

Intel appoints Qualcomm executive to lead PC and physical AI business

Monday, May 4 by SRN News

May 4 (Reuters) - Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's... Read More.

Exclusive-American pilots union chief says United CEO’s merger idea showed ‘bold vision’

Monday, May 4 by SRN News

By Rajesh Kumar Singh CHICAGO, May 4 (Reuters) - The head of American Airlines' pilots union told members that United Airlines CEO Scott Kirby's merger idea showed the kind of "bold vision" the carrier needs, even as the union stopped short of endorsing a tie-up... Read More.

Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge

Monday, May 4 by SRN News

By Kritika Lamba May 4 (Reuters) - Pinterest forecast second-quarter revenue above analysts' estimates on Monday, betting on steadily growing spending by advertisers, sending the image-sharing platform's shares 15% higher in extended trading. The company has been ramping up investments in artificial intelligence, rolling out upgrades... Read More.

Australian lender Westpac flags Iran war risks as first-half profit misses estimates

Monday, May 4 by SRN News

May 5 (Reuters) - Westpac Banking Corp reported lower-than-expected first-half profit on Tuesday and warned that Middle East conflict was pressuring customers through higher energy prices. Australia's second-largest mortgage lender reported a first-half net profit attributable of A$3.41 billion ($2.44 billion), missing the Visible Alpha... Read More.

Trump administration moves to block Minnesota climate change lawsuit against oil companies

Monday, May 4 by SRN News

President Donald Trump's administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change. The U.S. Department of Justice, the administration's law enforcement arm, filed an action in... Read More.

OpenAI president discloses his stake in the company is worth $30B

Monday, May 4 by SRN News

OAKLAND, Calif. (AP) - Greg Brockman, OpenAI's president and CEO Sam Altman's top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion. Brockman, who also said he did not personally invest any money in OpenAI,... Read More.

US Treasury boosts Q2 borrowing outlook; keeps issuance plans in focus

Monday, May 4 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 4 (Reuters) - The U.S. Treasury said on Monday it now expects to borrow $189 billion in the second quarter, $79 billion more than it projected in February, with the increase largely driven by weaker cash flows than anticipated,... Read More.

Paramount Skydance first-quarter profit benefits from cost-cutting

Monday, May 4 by SRN News

By Dawn Chmielewski May 4 (Reuters) - Paramount Skydance's pre-tax earnings rose in the first quarter, the company said on Monday, as streamlined operations and improved results in its streaming and studios businesses helped offset declines in television. However, the media giant forecast second-quarter revenue below... Read More.

Chevron CEO says physical shortages in oil supply to begin appearing

Monday, May 4 by SRN News

HOUSTON, May 4 (Reuters) - Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes. Economies will... Read More.

A United jet narrowly avoided catastrophe when it struck a truck near Newark airport during landing

Monday, May 4 by SRN News

A United Airlines jet came dangerously close to disaster Sunday when it hit a semitrailer truck and light pole on the New Jersey Turnpike as it came in to land at Newark Liberty International Airport. "A major catastrophe was avoided by feet," said safety expert... Read More.

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Intel appoints Qualcomm executive to lead PC and physical AI business

Exclusive-American pilots union chief says United CEO’s merger idea showed ‘bold vision’

Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge

Australian lender Westpac flags Iran war risks as first-half profit misses estimates

Trump administration moves to block Minnesota climate change lawsuit against oil companies

OpenAI president discloses his stake in the company is worth $30B

US Treasury boosts Q2 borrowing outlook; keeps issuance plans in focus

Paramount Skydance first-quarter profit benefits from cost-cutting

Chevron CEO says physical shortages in oil supply to begin appearing

A United jet narrowly avoided catastrophe when it struck a truck near Newark airport during landing

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