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Business

2057 posts
  • Business

Mexico’s Cemex posts double-digit profit rise as restructuring kicks in

  • July 25, 2025
  • Roubens Andy King
Mexico’s Cemex posts double-digit profit rise as restructuring kicks in
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement producer Cemex posted a double-digit increase in second-quarter profit on Thursday, despite a dip in sales, as its new management rolled out…
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Edison’s plan to pay Eaton fire victims could mean less litigation, less compensation
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  • Business

Edison’s plan to pay Eaton fire victims could mean less litigation, less compensation

  • July 25, 2025
  • Roubens Andy King
Southern California Edison’s plans to compensate Eaton fire victims for damage were met with skepticism Thursday from lawyers representing Altadena residents, but drew tentative support from others who say the…
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Von der Leyen to meet Trump in Scotland as EU and US close in on deal | European Union
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  • Business

Von der Leyen to meet Trump in Scotland as EU and US close in on deal | European Union

  • July 25, 2025
  • Roubens Andy King
The EU appears to be on the verge of signing a trade deal with Donald Trump after the European Commission president, Ursula von der Leyen, announced she would meet the…
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Coursera’s Upbeat Outlook Drives Stock Higher
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  • Business

Coursera’s Upbeat Outlook Drives Stock Higher

  • July 25, 2025
  • Roubens Andy King
Coursera (NYSE:COUR) shares surged on Friday after the online learning platform reported second-quarter earnings that exceeded market expectations, driven by accelerated revenue growth across both its consumer and enterprise segments.…
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Hiltzik: An AI firm faces a  billion piracy bill
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  • Business

Hiltzik: An AI firm faces a $1 billion piracy bill

  • July 25, 2025
  • Roubens Andy King
The artificial intelligence camp loves big numbers. The sum raised by OpenAI in its latest funding round: $40 billion. Expected investments on AI by Meta, Amazon, Alphabet and Microsoft this…
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RFK Jr wants bright artificial dyes out of food. Are Americans ready to let go? | Food & drink industry
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  • Business

RFK Jr wants bright artificial dyes out of food. Are Americans ready to let go? | Food & drink industry

  • July 25, 2025
  • Roubens Andy King
The Make America Healthy Again (Maha) movement celebrated this month after the US dairy industry voluntarily pledged to remove all artificial dyes from ice-cream by 2028. In April, US health…
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Lynas sees higher rare earths prices after US backs MP Materials
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  • Business

Lynas sees higher rare earths prices after US backs MP Materials

  • July 25, 2025
  • Roubens Andy King
By Melanie Burton and Adwitiya Srivastava MELBOURNE (Reuters) -Prices of rare earths could rally further given growing demand for Western material, reflected in a recent deal by the United States…
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Hollywood is struggling. So why does anyone want to buy a movie studio now?
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  • Business

Hollywood is struggling. So why does anyone want to buy a movie studio now?

  • July 25, 2025
  • Roubens Andy King
The theatrical box office market is down. It’s harder than ever to get people out of their homes and into the cinema. The business model for movies in streaming is…
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Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
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  • Business

Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval

  • July 25, 2025
  • Roubens Andy King
FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday, hitting pause on rate cuts amid uncertainty over US President Donald Trump's tariff onslaught and high-stakes trade…
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‘Call of Duty’ maker goes to war with cheat developers in L.A. court
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  • Business

‘Call of Duty’ maker goes to war with cheat developers in L.A. court

  • July 25, 2025
  • Roubens Andy King
Two summers ago, the Santa Monica-based company behind the popular video game “Call of Duty” sent a letter to a 24-year-old man in Antioch, Tenn., who went by the online…
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