Meta cuts stock awards by 5% for most employees to fund AI goals: Report
Meta reduced its annual distribution of stock options by about 5 per cent for most of its staff, as CEO Mark Zuckerberg ploughs billions of dollars into its artificial intelligence goals, the Financial Times reported on Thursday (Feb 19).The Facebook parent did not immediately respond to a request f ...
Walgreens cuts hundreds of jobs after private equity buyout
The pharmacy chain is also slowing down its store closures
JPMorgan says Trump’s lawsuit improperly named Dimon as defendant
The lawsuit is seeking US$5 billion in damages
GoPro names insider Brian Tratt as CFO
Feb 19 : Action camera maker GoPro on Thursday named Brian Tratt as its chief financial officer, taking over the baton from Brian McGee, effective March 17.The company said 66-year-old McGee, who joined GoPro in 2015 after a tenure at semiconductor company Qualcomm, would become president and retain ...
New Walmart CEO begins tenure with cautious outlook after another quarter of steady sales
The retailer also announced a new US$30 billion share buyback plan
Bank of America commits US$25 billion of its own cash to private credit deals
Some lenders have formed partnerships with asset managers in order to get deeper into the market
Trading Day: Wall Street ends modestly lower while US-Iran tensions boost crude prices
(Refiles to fix typo in headline)By Stephen CulpNEW YORK, Feb 19 : Wall Street stocks followed the example of their European counterparts by posting modest losses on Thursday as mixed economic data and simmering tensions between the U.S. and Iran kept uncertainties - and crude prices - high.The
Oil closes at six-month high on US-Iran conflict worries
[NEW YORK] Oil prices rose around 2 per cent on Thursday to settle at their highest level in six months, as traders worried about...
Commentary: Will a weak domestic Indonesian market impede Southeast Asia’s aviation sector?
A large contraction in domestic air travel within Indonesia will impact the regional outlook in Southeast Asia, says aviation analyst Brendan Sobie.
European stocks retreat from record highs as investors assess mixed earnings
EUROPEAN shares slipped on Thursday, with miners and utilities leading the sectoral decliners, as investors sifted through a mixed bag of earnings from...
US stocks: Wall Street ends down as Nvidia slides and private equity stocks sink
WALL Street ended lower on Thursday, with losses in private equity companies and weakness in Walmart and Apple, while earnings-driven gains in...
Akamai forecasts downbeat quarterly profit, shares fall
Feb 19 : Akamai Technologies forecast first-quarter adjusted profit below Wall Street estimates on Thursday, signaling that the ongoing memory supply squeeze will increase costs, sending its shares down nearly 9 per cent after the bell.The rapid build-out of artificial intelligence infrastructure by ...
NASA chief slams Boeing, agency's failures in botched Starliner astronaut mission
WASHINGTON, Feb 19 : NASA Administrator Jared Isaacman on Thursday ripped into Boeing and agency leadership for their handling of the botched Starliner spacecraft mission that left two astronauts stuck on the International Space Station for nearly a year.The U.S. space agency convened a short-notice ...
NASA chief slams Boeing, agency failures in botched Starliner astronaut mission
WASHINGTON, Feb 19 : NASA administrator Jared Isaacman on Thursday ripped into Boeing and agency leadership for their handling of the botched Starliner spacecraft mission that left two astronauts stuck on the International Space Station for nearly a year.The U.S. space agency convened a short-notice ...
NASA report recalls dysfunction, heated emotions during Boeing's botched Starliner flight
WASHINGTON: NASA on Thursday (Feb 19) released a sweeping report on Boeing's botched Starliner mission that kept two astronauts stuck on the International Space Station for nine months, detailing communication breakdowns and "unprofessional behaviour" as the agency and its longtime co ...
Southern Co raises spending plan by 7% as data center power demand swells
Feb 19 : Southern Co raised its five-year spending plan by roughly 7 per cent on Thursday as the major electric and gas utility in the U.S. South sells more electricity to data centers and industrial manufacturers.U.S. utilities have invested heavily to upgrade electric grids as they face extreme we ...
AMD to backstop $300 million Crusoe loan, The Information reports
Feb 19 : Advanced Micro Devices is set to provide a $300 million loan guarantee for cloud computing startup Crusoe to buy and deploy its AI chips, The Information reported on Thursday, following in the footsteps of rival AI giant Nvidia .AMD backstopped the deal by offering to lease back its own chi ...
Apple TV partners with EverPass Media to bring sports lineup to bars, hotels
Feb 19 : Apple TV has signed a distribution agreement with EverPass Media to bring the streamer's live sports content to businesses such as bars, restaurants, hotels and gyms, the commercial sports content provider said on Thursday.The deal signals Apple's growing push to make its sports p ...
A Sahara desert odyssey yields a major dinosaur discovery
Feb 19 : It was not an easy task for a team of dinosaur-hunting scientists to reach the remote site called Jenguebi in northern Niger deep in the Sahara Desert. It was fitting that the closest locality was named Sirig Taghat, meaning "no water, no goat" in Tamasheq, the local Berber langua ...
Fossils of a new species of huge dinosaur Spinosaurus unearthed in Niger
Feb 19 : At a remote and barren Sahara desert site in Niger, scientists have unearthed fossils of a new species of Spinosaurus, among the biggest of the meat-eating dinosaurs, notable for its large blade-shaped head crest and jaws bearing interlocking teeth for snaring slippery fish.It prowled a for ...
Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say
Feb 19 : Netflix has ample cash and could increase its offer for HBO Max owner Warner Bros Discovery if rival bidder Paramount Skydance ups its own offer, two people with knowledge of the matter said. The two media giants have been locked in a heated rivalry over Warner Bros and its storied catalog ...
Nippon Steel sees better year ahead for US Steel, no capacity cuts needed, CFO says
TOKYO, Feb 20 : Nippon Steel sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief Financial Officer Takahiko Iwai said.While urgent steps are needed to impr ...
New York Governor Hochul pulls robotaxi expansion proposal
Feb 19 : New York Governor Kathy Hochul has pulled her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support was ...
New York Governor Hochul pulls robotaxi pilot expansion proposal
Feb 19 : New York Governor Kathy Hochul has withdrawn her proposal to allow commercial robotaxi services in smaller cities outside New York, a spokesperson for the governor said on Thursday. "Based on conversations with stakeholders, including in the legislature, it was clear that the support ...
IHH’s NTK amends Tokyo court claim against Daiichi Sankyo after open offers completed
Felicia Tan - IHH, on Feb 19, announced that its indirect wholly-owned subsidiary, Northern TK Venture (NTK), has filed a petition to the Tokyo District Court on Feb 12 to amend its claim against Daiichi Sankyo. The amendment takes into the consideration the completion of IHH’s open offers for Fortis Healthcare ...
Some US investors pivot to infrastructure amid broader AI selloff
PROVIDENCE, Rhode Island, Feb 19 : As Wall Street's love affair with artificial intelligence heavyweights cools, some investors are pivoting to infrastructure companies they expect to benefit from AI capital spending, a shift that is spawning a slew of new products.After huge gains in recent ...
Trump-themed ETF manager scoops up MAGA fund
PROVIDENCE, Rhode Island, Feb 19 : Yorkville America Equities LLC, the investment adviser that manages five new Truth Social-branded ETFs focused on U.S. President Donald Trump's "America First" thesis, said on Thursday that it plans to acquire the Point Bridge America First ETF.The p ...
Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia
SAN FRANCISCO, Feb 19 : Toronto-based chip startup Taalas said on Thursday it had raised $169 million and has developed a chip capable of running artificial intelligence applications faster and more cheaply than conventional approaches.Taalas has raised a total of $219 million from investors such as ...
GHY to report net profit for FY2025
Felicia Tan - GHY Culture & Media says it expects to report a net profit for the FY2025 ended Dec 31, 2025, mainly due to higher revenue contribution and better margins from the group’s TV programme and film production segment. The group adds that its continued focus on managing costs has yielded “encoura ...
NeraTel lands $2.4 mil contract, expects boost to FY performance
Felicia Tan - Nera Telecommunications (NeraTel) has secured a three-year contract worth $2.4 million from an “established institutional asset management group”. The contract is expected to contribute positively to the group’s performance for the current financial year (FY). Under the contract, NeraTel will ...
Visa strikes deal for Prisma, Newpay to boost Argentina presence
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal will help Visa fast-track the adoption of technologies such as tokenization, biometric authentication and intelligen ...
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Feb 19 : Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina.The deal links Visa's global payments network with a scaled local platform, giving the company a stronger footing to bol ...
West Virginia sues Apple, saying iCloud distributed 'child porn'
Feb 19 : West Virginia's attorney general sued Apple on Thursday, accusing the iPhone maker of allowing its iCloud service to become what the company's own internal communications called the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republica ...
West Virginia sues Apple over iCloud's alleged role in distribution of child sex abuse material
Feb 19 : West Virginia's attorney general filed a lawsuit on Thursday accusing Apple of allowing its iCloud service to become what the company's internal communications described as the "greatest platform for distributing child porn."Attorney General JB McCuskey, a Republican, ac ...
