(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of Farmland bacon and Farmer John sausages prepares for its U.S. stock market return after more than a decade. Hong Kong-based WH Group, the world’s largest pork producer that took Smithfield private in 2013 for $4.7…
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid…
By Medha Singh and Purvi Agarwal (Reuters) -Shares of chipmakers jumped on Monday as Microsoft’s plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong. Micron was the biggest gainer among semiconductor stocks with a 10.6% rise, while chip-making equipment companies like Applied Materials, Lam…
(Reuters) – The U.S. Department of Health and Human Services said on Friday it would award $306 million in funds to help bird flu monitoring, as the virus spreads in dairy herds and farm workers across the country. The country in December reported its first severe human case of bird flu in a Louisiana resident,…
By Jaspreet Singh (Reuters) -Rivian surpassed analysts’ expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit. Shares of the California-based company rose nearly 19%. The stock lost more than 40% of its…
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department has imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes – the first time it has imposed such a fine on an airline for the prohibited scheduling practice. USDOT said on Friday that as part of a…
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast,…
(Reuters) – Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according to a regulatory filing on Tuesday. Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,”…
(This Dec. 23 story has been corrected to fix the spelling of ‘Jonah Crane’ in paragraphs 15 and 18) By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens…
By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to “raise more capital than we’d imagined,” and remove the restrictions imposed on the startup by its current nonprofit parent. The acknowledgement and detailed rationale behind…
