Mobile chip maker Qualcomm Technologies, Inc on Wednesday unveiled a processor chip for the car called Snapdragon Ride Flex SoC that handles both assisted driving and cockpit functions, including entertainment.
U.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations.
Moderna Inc on Wednesday agreed to buy Japan-based OriCiro Genomics for $85 million to boost the U.S. drugmaker's messenger RNA (mRNA) manufacturing capabilities.
Impactive Capital has nominated four directors to the board of Envestnet Inc , a U.S. vendor of software that helps manage investments, in a push to improve its financial performance, the hedge fund told Reuters on Wednesday.
Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told Reuters.
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U.S. funds giant BlackRock will defer third-quarter redemptions from its 3.5 billion pounds ($4.23 billion) BlackRock UK Property Fund, a source told Reuters, in the latest sign of strain in Britain's real estate market.
U.S. stock index futures edged higher on Wednesday as hopes of an economic recovery in China lifted sentiment, while focus was also on minutes from the Federal Reserve's December policy meeting for clues on the outlook for interest rate hikes.
Salesforce Inc said on Wednesday it would lay off about 10% of its employees and close some offices, becoming the latest tech firm to undertake cost cuts amid an economic slowdown.
Walmart Inc and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, Bloomberg News reported on Wednesday, citing people familiar with the matter.
U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Motors Co and Ford Motor Co .
