Tag: “Corporate”

Volkswagen’s first-quarter deliveries drop 4% on weak China, US

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the ​U.S. weighed on the German automaker.

Revolution Medicines’ potential breakthrough pancreatic cancer drug succeeds in late-stage trial

Revolution Medicines’ drug for pancreatic cancer succeeded in a highly anticipated Phase 3 trial, almost doubling the typical length of survival and slashing the risk of death by 60% versus chemotherapy, the company said Monday.

CoreWeave Strikes Deal With Anthropic. Another Big Name Is Using Its Cloud Platform.

CoreWeave added to its growing roster of big-name customers Friday, announcing a multi-year deal with artificial-intelligence start-up Anthropic.

TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong

Taiwan Semiconductor Manufacturing Co. on Friday posted another quarter of record revenue driven by demand for AI chips.

Glencore buys 45% stake in South Carolina aluminium recycling plant

Glencore on Friday said ​it acquired ‌a 45% stake in an ​aluminium recycling ​and remelting plant ⁠near Charleston, ​South Carolina, strengthening ​the miner’s position in the U.S. ​aluminium ​supply chain.

Snap unit to use Qualcomm chips for upcoming AI smart glasses

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm ​chips for its upcoming devices under a ‌multi-year deal announced on Friday, marking its first major move.

Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge

Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as OpenAI’s ChatGPT.

Lumentum reportedly sees orders filled through 2028 on AI demand; shares rise

Shares of Lumentum Holdings Inc rose in premarket U.S. trading on Friday, after the group reportedly said demand from the artificial intelligence industry for its optical components was on track to fill its order book through 2028.

BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry (BB) on Thursday forecast first-quarter revenue above estimates, as the Canadian software ​company’s turnaround gains traction on the back of strong demand across ‌its cybersecurity and embedded software divisions.

Constellation Brands Fourth-Quarter Revenue Slides as Alcohol Demand Remains Under Pressure

Constellation Brands logged lower revenue in its latest quarter as demand for its beer, wine and spirits remains weak.

Ares Management to Take Whitestone REIT Private in $1.7 Billion Deal

Alternative asset manager Ares Management (ARES) has agreed to take Whitestone REIT (WSR) private in a $1.7 billion, all-cash transaction.

Pentagon’s ouster of Anthropic opens doors for small AI rivals

Small defense industry artificial intelligence startups are suddenly fielding calls from generals, combatant commanders and deep-pocketed investors, after the souring relationship between the Pentagon and its ​once-favored AI vendor, Anthropic, reinforced the need to diversify and increase the number of AI providers for the military.

Disney Is Planning Layoffs, Report Says. The Stock Is Falling.

Walt Disney (DIS) is planning to cut more jobs—but new CEO Josh D’Amaro will need to take bigger swings than that to turn the entertainment giant’s long-suffering stock around.

Tesla is developing a new smaller, cheaper EV, sources say

Tesla (TSLA) is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

CoreWeave Stock Rises on $21 Billion Deal With Meta. It’s About AI Inference.

CoreWeave (CRWV) stock rose sharply Thursday after the cloud infrastructure provider unveiled an expanded deal with Meta Platforms (META) worth roughly $21 billion.

Amazon cloud unit’s AI revenue run rate exceeds $15 billion, CEO says

Amazon.com (AMZN) said on Thursday its cloud business’s AI revenue run rate was more than $15 billion in the ​first quarter of 2026, the company’s first disclosure of ‌direct financial returns from its artificial intelligence efforts.

OpenAI halts UK stargate project amid regulatory and energy price concerns

OpenAI’s Stargate project in the U.K. is being paused, with the company pointing towards the cost of energy and the country’s regulatory environment.

Chevron forecasts up to $2.2 billion rise in upstream earnings from higher Q1 prices

Chevron (CVX) said on Thursday it expected a $1.6 billion boost to $2.2 billion to its first-quarter upstream earnings versus the fourth ​quarter of 2025, driven by surging oil and gas ‌prices from volatility linked to the Iran war.

Επένδυση 500 εκατ. στη μαρίνα Αστακού από τις Alpha Bank & Πειραιώς

H Alpha Bank μαζί με την Τράπεζα Πειραιώς θα αναλάβουν την όλη υλοποίηση του επενδυτικού σχεδίου στη Ναυτιλιακή Βιομηχανική Περιοχή Πλατυγιαλίου, χωρίς να είναι γνωστό αν θα αναζητήσουν επενδυτή στη συνέχεια.

Στρατηγική επέκταση της Austriacard στη Μέση Ανατολή

Τη σύναψη στρατηγικής συμφωνίας με την MDS SI Technology & Security Solutions, η οποία αναλαμβάνει κομβικό ρόλο Value-Added Reseller και Systems Integrator για την πλατφόρμα GaiaB™ στα Ηνωμένα Αραβικά Εμιράτα, ανακοίνωσε η Austriacard Holdings.