(Reuters) - A carnage in U.S. technology stocks widened on Thursday as shares of Meta Platforms Inc sank 20% after the Facebook parent's costly metaverse bets and the impact of soaring inflation on ad spending spooked investors. Meta was set…
(Corrects date of verdict to Wednesday from Tuesday in second paragraph, with no other changes to headline or text) By Jonathan Stempel NEW YORK (Reuters) - A federal jury in Detroit ordered Ford Motor Co to pay Versata Software Inc…
By Daphne Psaledakis WASHINGTON (Reuters) - The United States on Wednesday targeted Iranian officials, including those overseeing Tehran's Evin prison, and others in new sanctions on Iran over internet censorship and a crackdown on protests ignited by Mahsa Amini's death…
By David Carnevali NEW YORK (Reuters) -Aerojet Rocketdyne Holdings Inc, the U.S. rocket maker whose $4.4 billion sale to Lockheed Martin Corp was blocked by antitrust regulators in February, is soliciting offers from potential suitors, including private equity firms, according…
By Emily Chow and Muyu Xu SINGAPORE (Reuters) -Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the…
By Hilary Russ NEW YORK (Reuters) -Yum Brands Inc on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator,…
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to…
By Rajesh Kumar Singh and Aishwarya Nair (Reuters) -American Airlines Group Inc on Thursday forecast that fourth-quarter profit would exceed analyst estimates after posting better-than-expected earnings in the third quarter, as demand for travel remained resilient despite higher airfare and…
By Dawn Chmielewski and Lisa Richwine (Reuters) - Netflix Inc upended the global entertainment industry about a dozen years ago with a streaming video service that rendered network television programming schedules and movie screening times all but irrelevant. Now, Netflix…
(Reuters) -Apple Inc is cutting production of iPhone 14 Plus within weeks of starting shipments as it re-evaluates demand for the mid-range model, the Information reported on Tuesday, citing two people involved in the company's supply chain. The Cupertino, California-based…