LOS ANGELES (Reuters) – The largest theater chains including AMC Entertainment, Regal Cinemas and Cinemark will invest more than $2.2 billion over the next three years to upgrade theaters in the U.S….
Month: September 2024
Airbnb CEO says company focused on boosting long-term stays
By Doyinsola Oladipo NEW YORK (Reuters) – Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots…
Nike names company veteran Elliott Hill as new CEO; John Donahoe to retire
By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up…
Criminal inquiry underway after body found in car that hit Energy Transfer pipe in Houston – media
(Reuters) – Human remains were found in a burned-out car that struck an Energy Transfer natural gas liquids pipeline earlier this week in Houston, sparking a criminal investigation, local media reported on…
Blink Charging to reduce global workforce by 14% in cost-saving effort
(Reuters) -Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand….
NASA awards $4.8 billion navigation services contract to Intuitive Machines
(Reuters) – NASA has awarded Intuitive Machines a contract of up to $4.82 billion for communication and navigation services for missions in the near space region, the space exploration company said on…
Microsoft, BlackRock to launch $30 billion fund for AI infrastructure
(Reuters) -BlackRock and Microsoft plan to launch a more than $30 billion fund to invest in artificial intelligence infrastructure to build data centers and energy projects, the companies said on Tuesday. AI…
US urges leniency for FTX’s Caroline Ellison, cites help against Bankman-Fried
By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors made a case for leniency for former FTX cryptocurrency executive Caroline Ellison when she is sentenced over her role in the exchange’s collapse,…
Trump says he is not selling his shares of Truth Social company
RANCHO PALOS VERDES, California (Reuters) – Republican presidential candidate Donald Trump is not selling his shares of the company that owns Truth Social and will not leave the social medial platform that…
Nvidia’s stock market dominance fuels big swings in the S&P 500
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt…