Adani loses Asia’s richest crown as the price drop deepens to $84 billion

Adani loses Asia’s richest crown as the price drop deepens to  billion

BENGALURU, Feb. 1 (Reuters) – Shares in Indian magnate Gautam Adani’s conglomerate plunged again on Wednesday as defeat in his companies deepened to $84 billion in the wake of a US short-seller report, which also saw the billionaire lose his title. as Asia’s richest lost person. Wednesday’s stock losses dropped Adani to 15th on the … Read more

Missing radioactive capsule found in Western Australia

Missing radioactive capsule found in Western Australia

SYDNEY, Feb. 1 (Reuters) – Australian authorities on Wednesday found a radioactive capsule that was lost in the vast Outback after nearly a week-long search along a 1,400 km (870 mi) stretch of highway, an emergency services official said. The military verified the capsule and it would be taken to a secure facility in the … Read more

Intel slashes employee and exec pay during PC market downturn

Intel slashes employee and exec pay during PC market downturn

31 Jan. (Reuters) – Intel Corp. (INTC.O) said on Tuesday it had made significant cuts to employee and executive compensation, a week after the company issued a lower-than-expected sales forecast due to a loss of market share to rivals and a downturn in the PC market. The cuts will range from 5% of base pay … Read more

AMD sales surpass targets, Wall St relieved after Intel’s grim outlook

AMD sales surpass targets, Wall St relieved after Intel’s grim outlook

31 Jan. (Reuters) – US chipmaker Advanced Micro Devices Inc (AMD.O) posted sales on Tuesday that exceeded Wall Street targets and said it expected business to improve in the second half, exciting investors who saw that the company made a profit on rival Intel. The stock rose about 1.5% in aftermarket trading. While AMD’s forecast … Read more

Exxon crushes Western oil company profits by $56 billion by 2022

Exxon crushes Western oil company profits by  billion by 2022

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a net profit of $56 billion for 2022, the company said Tuesday, taking home about $6.3 million an hour last year and not just a company record but also a historic high point for the Western oil industry. Oil companies are expected to break their … Read more

US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that the US Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver assistance systems as regulations tighten. The automaker said in a filing that it has “received requests from the DOJ for documents related to Tesla’s Autopilot and FSD … Read more

France hit by new wave of strikes against Macron’s pension reform

France hit by new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transportation networks, refinery supplies are affected Macron: Reform vital to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan. 31 (Reuters) – Striking workers disrupted deliveries to French refineries, public transport and schools on Tuesday during a second day of nationwide protests over President … Read more

Exclusive: Bed Bath & Beyond prepares to file for bankruptcy as early as this week – sources

Exclusive: Bed Bath & Beyond prepares to file for bankruptcy as early as this week – sources

NEW YORK, Jan. 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is gearing up to seek bankruptcy protection as early as this week and has liquidators lined up to close additional stores unless a last-minute buyer appears, four people familiar with the matter said Monday. The timing of an eventual bankruptcy filing was in … Read more

Australian nuclear body joins search for missing radioactive capsule

Australian nuclear body joins search for missing radioactive capsule

MELBOURNE, Jan. 31 (Reuters) – Australia’s nuclear safety agency said on Tuesday it had joined the hunt for a small radioactive pod that went missing somewhere in the outback, sending a team of specialist car-mounted and portable detection equipment . Authorities have now spent a week searching for the capsule believed to have fallen from … Read more

Adani’s crucial share sale 85% subscribed as institutions pumped funds

Adani’s crucial share sale 85% subscribed as institutions pumped funds

MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more