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Ford recalls one of its best-selling vehicles

Ford recalls one of its best-selling vehicles

Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...
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Volvo Cars wins US approval to keep importing vehicles with 'connected car' technology

Volvo Cars wins US approval to keep importing vehicles with 'connected car' technology

By David Shepardson and Marie Mannes WASHINGTON, May 26 (Reuters) - Volvo Cars, ​majority owned by China's Geely Holding, said on Tuesday it had received approval from the U.S. government allowing it to continue selling vehicles with Chinese "connected technology" in the country.
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IBM to invest $10 billion for large-scale quantum computer by 2029

IBM to invest $10 billion for large-scale quantum computer by 2029

May 28 (Reuters) - IBM said on Thursday it plans to invest more than $10 billion in quantum computing over five years as it aims to build by 2029 the first large-scale quantum computer capable of running complex calculations reliably and without errors.
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Marvell sees custom chip revenue topping $10 billion by 2029 as AI demand grows

Marvell sees custom chip revenue topping $10 billion by 2029 as AI demand grows

By Anhata Rooprai May 27 (Reuters) - Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers and invest in custom chips to reduce reliance on Nvidia's processors.
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Australia's Element 25 reviews US project as it looks to renegotiate GM, Stellantis contracts

Australia's Element 25 reviews US project as it looks to renegotiate GM, Stellantis contracts

May 26 (Reuters) - Manganese producer Element 25 said on Tuesday it is reviewing its project execution plan for the production of high-purity manganese sulphate monohydrate (HPMSM) in Louisiana, U.S., citing evolving electric vehicle demands.
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US Treasury rolls out Trump Accounts app nationwide

US Treasury rolls out Trump Accounts app nationwide

May 28 (Reuters) - The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy initiative that aims to create millions of investment accounts for children.
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European shares flat as US strikes on Iran dampen peace deal hopes

European shares flat as US strikes on Iran dampen peace deal hopes

May 26 (Reuters) - European shares were subdued on Tuesday as expectations for an imminent end to the Middle East conflict waned after the U.S. launched fresh attacks on Iran. The pan-European STOXX 600 was flat at 631.92 points by 0707 GMT. 
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Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports

May 27 (Reuters) - Nvidia CEO Jensen Huang has agreed to join the advisory board of a Beijing university that counts Apple's Tim Cook as chair, the Financial Times reported on Wednesday, citing people familiar with the matter. Huang, who joined U.S.
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Exxon wins shareholder backing for legal move to Texas

Exxon wins shareholder backing for legal move to Texas

By Sheila Dang and Arunima Kumar HOUSTON, May 27 (Reuters) - Exxon Mobil shareholders on Wednesday approved the company's plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the proposal.
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Kohl’s backs forecast as smaller-than-expected loss signals turnaround progress

Kohl’s backs forecast as smaller-than-expected loss signals turnaround progress

May 28 (Reuters) - Kohl's stuck to its annual targets after posting a smaller-than-expected loss on Thursday, amid signs that the department store chain's turnaround efforts under new CEO Michael Bender have started to pay off.
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Honeywell's Quantinuum targets $12.7 billion valuation in US IPO

Honeywell's Quantinuum targets $12.7 billion valuation in US IPO

May 26 (Reuters) - Honeywell's Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it said on Tuesday, as it looks to capitalize on heightened investor attention around quantum computing.
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Cruise operator Carnival discloses personal data breach

Cruise operator Carnival discloses personal data breach

May 27 (Reuters) - Cruise operator Carnival Corp said on Wednesday it had detected a cybersecurity incident involving a compromised account of an employee in April, leading to the leak of certain personal information of individuals, including names, addresses and government-issued identification