WASHINGTON (Reuters) - Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.
The Post, citing unidentified sources familiar with the meeting last month in Florida, said Trump promised to end President Joe Biden's... (continue reading...)
By Svea Herbst-Bayliss
(Reuters) - Hedge fund AREX Capital Management is seeking seven board seats at Enhabit, arguing that new directors are needed to help reverse poor financial performance at the U.S. home health and hospice provider, people familiar with the matter said on Thursday.
AREX, which has been pushing Enhabit to put itself up for sale, privately nominated the seven candidates in March during the company's nominating window,... (continue reading...)
(Reuters) - Shares of Arm Holdings fell 8% in premarket trading on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.
Bets that Arm will benefit from a surge in AI computing have doubled the chipmaker's share price since its initial public offer last September, giving it a market value of about $110 billion.
"This is a typical case... (continue reading...)
By Liam Mo and Brenda Goh
BEIJING (Reuters) - Semiconductor Manufacturing International Corp reported first-quarter net income of $71.79 million on Thursday, missing analysts' expectations.
Unaudited profit attributable to owners of China's largest chip foundry fell to $71.79 million from $231.1 million a year earlier and below the $80.49 million expected by analysts polled by LSEG.
Revenue rose by 4.3% to 1.75 billion... (continue reading...)
By Aaron Ross and Giulia Paravicini
NAIROBI (Reuters) - Somalia's government has requested the termination of a U.N. political mission that has advised it on peace-building, security reforms and democracy for over a decade, according to a letter the foreign minister wrote to the Security Council.
The request for the departure of the 360-member United Nations Assistance Mission in Somalia (UNSOLD) when its mandate expires in October took... (continue reading...)
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