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Levi Strauss raises annual forecasts on resilient demand for premium jeans

Levi Strauss raises annual forecasts on resilient demand for premium jeans

April 7 (Reuters) - Levi Strauss on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs.

Anthropic touts AI cybersecurity project with Big Tech partners

Anthropic touts AI cybersecurity project with Big Tech partners

April 7 (Reuters) - Anthropic on Tuesday announced an initiative with major technology companies, including Amazon.com, Microsoft and Apple, that lets partners preview an advanced model with cybersecurity capabilities developed by the AI startup.

Analysis-How the math works on a $1.75 trillion SpaceX valuation

Analysis-How the math works on a $1.75 trillion SpaceX valuation

By Medha Singh, Echo Wang and Noel Randewich April 8 (Reuters) - Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there.

Moody's cuts outlook on US BDCs to 'negative' on redemption pressure, rising leverage

Moody's cuts outlook on US BDCs to 'negative' on redemption pressure, rising leverage

April 7 (Reuters) - Moody's Ratings on Tuesday revised its outlook on U.S. business development companies to negative from stable, citing rising redemption pressures, higher leverage and weakening access to funding markets.

Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports

Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports

April 7 (Reuters) - Apple has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in its mass production and product shipment schedule, Nikkei Asia reported on Monday, citing sources.

Wall St futures jump on relief of Middle East ceasefire

Wall St futures jump on relief of Middle East ceasefire

April 8 (Reuters) - U.S. stock index futures jumped on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies from the Middle East could resume.

Global energy stocks plunge as US-Iran ceasefire hits oil

Global energy stocks plunge as US-Iran ceasefire hits oil

April 8 (Reuters) - U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100 per barrel after U.S.

Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

Ex-Rio Tinto CEO's deep-sea mining firm to merge with Odyssey in $1 billion deal

By Ernest Scheyder April 8 (Reuters) - A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one of the world's largest portfolios of underwater mineral deposits.

Broadcom signs long-term deal to develop Google’s custom AI chips

Broadcom signs long-term deal to develop Google’s custom AI chips

April 6 (Reuters) - Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for the company's next-generation AI racks through 2031.

Pershing Square proposes $64 billion Universal Music merger with acquisition company

Pershing Square proposes $64 billion Universal Music merger with acquisition company

April 7 (Reuters) - Bill Ackman's Pershing Square on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to list in the United States in a deal aimed at reviving the world's biggest music label's value.

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

April 6 (Reuters) - Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial public offering, in what could be the biggest U.S. IPO so far this year.

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

April 6 (Reuters) - Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping an executive with experience in infrastructure and energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.