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By Aditi Shah and Jayshree P Upadhyay NEW DELHI, Aug 13 (Reuters) - The exit of the chairman of Tata Sons from India's storied tea-to-tech conglomerate may pause bitter disputes with its controlling
Microsoft once regarded the idea of quitting China as unthinkable. In the past five years, however, at least 15 Microsoft branch offices and joint ventures in China have been shut, corporate filings show, and Microsoft is pursuing what five company sources described as a strategy of retreat. The firm considered quitting the market in 2023 because some executives felt it took on too much geopolitical risk for too little economic return, one of them said, while stressing Microsoft has no current plans to exit.
Wall Street is picking established chains over the growth stars.
“The company expects Decker to return within the next few months,” it said in a statement that also explained that two executives—Ann-Marie Campbell, senior executive vice president, and Richard McPhail, CFO—will share leadership duties on an interim basis.
A jump in South Korean stocks drove emerging-market equities higher on Thursday as the revival in the global AI trade pushed Seoul’s Kospi index into a technical bull market.
After investors voted to endorse AVB’s acquisition of EQR, the REITs expect to close the mammoth transaction in August.
Stock futures were a touch higher on Thursday as investors awaited July wholesale inflation data that will help decide what the Federal Reserve does next. Nasdaq 100 futures were rising less than 0.1%. The Bureau of Labor Statistics is set to release the producer price index for July at 8.30 a.m. Eastern time.
RBC raises its price target on stronger sales, while Bank of America remains cautious ahead of second-quarter earnings.
Kevin Warsh and a historically pricey stock market may soon be on the hot seat.
Today Economic data: Producer price index for July, Jobless claims, EIA natural-gas storage report Earnings: Applied Materials, Tapestry Federal Reserve speakers: Cleveland Fed President Beth Hammack, one of three Fed regional bank heads to dissent from last month’s rate decision.
Starbucks Korea posted its first quarterly loss since it started operations 27 years ago after a marketing debacle triggered a boycott, criticism from President Lee Jae Myung, and a police raid of its corporate offices.
The US government is about to sell 30-year bonds at the highest interest rate in a quarter of a century, after a historic selloff that has stirred speculation the nation will tilt borrowing further toward short-dated maturities.
South Korean retail investors must now complete a week-long course before they can start trading in single-stock funds, as regulators tighten...
<body><p>STORY: :: Nora Eckert, Autos Correspondent</p><p>:: Detroit, Michigan/ August 12, 2026</p><p>Why is Ford moving some auto production from China to the U.S.? Ford is moving production of its Lincoln models for the U.S. market out of China, back to the U.S. This is a substantial move for Ford, as it faces pretty hefty tariffs under the Trump administration. One of its Lincoln models, the Nautilus, had about 52.5% tariffs that it had been facing for the last year. </p><p>Ford CEO Jim Farley told us that the automaker had been preparing to make this move for some time. I mean, these tariffs have been in place for many months now, and that although Ford has a very strong U.S. production base, it found capacity to move even more production to the US from China.</p><p>Discussions around what Ford was going to do with its China produced models came up several months ago, as we were examining some reporting around the Connected Vehicle Rule, which is a Commerce Department regulation that bans the use of connected vehicle software and hardware from China in the U.S. And Ford has one particular model produced in China, the Lincoln Nautilus, that they previously said they might need to seek a specific authorization from Commerce to continue selling in the U.S. </p><p>But Ford told us this week that they no longer needed an authorization that the vehicle was able to sell in the U.S without any Commerce approval. U.S. Commerce Secretary Howard Lutnick told us that Ford's move is really encouraging, and that he wants to see more automakers following this pattern. We already saw GM onshore production of its Buick Envision model from China to the U.S., and we might be seeing more of these announcements as automakers confront a tariff landscape that seems here to stay.</p></body>
Nike benefits from nearly $1 billion in tariff refunds, while FedEx plans to return its $800 million refund to customers.
Larsen and Toubro on Thursday said it secured an order to build an AI factory for Nvidia. The order is in the range of 100 billion rupees to 150 billion rupees (($1.05 billion - $1.57 billion), the company said. ($1 = 95.3600 Indian rupees) (Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)
Aug 13 (Reuters) - Larsen and Toubro on Thursday said it secured an order to build an AI factory for Nvidia.
U.S. stock futures are showing modest gains heading into Thursday morning as Wall Street digests cooling inflation data against the backdrop of a prolonged geopolitical impasse in the Middle East. The Polymarket (CRYPTO: POL) crowd is leaning bullish for the...
Cisco's fiscal 2026 closes with record $63.3 billion revenue, driven by AI infrastructure demand and a networking super cycle, with projections for continued strong growth in fiscal 2027.
Management's 29% ownership aligns interests as the company deploys idle capacity, resolves legacy disputes, and pursues a transformative $1 billion power lease opportunity.
Company reports $286 million in cash, oversubscribed bookings at $750,000 price point, but pushes first commercial spaceflight to February 2027.
SPRO strengthens its balance sheet and extends cash runway into 2029 while advancing its new SP001 immunology pipeline following the landmark approval of the first oral carbapenem antibiotic.
Spire Global Inc (SPIR) reports its strongest core revenue quarter since the maritime divestiture, with Q2 revenue up 16% year-over-year and active negotiations for an eight-figure NOAA contract.
Nano Nuclear Energy Inc (NNE) advances key regulatory milestones and commercial partnerships while managing increased operating costs.
Ondas’ nearly 40% short interest is fueling squeeze hopes as investors watch revenue growth and guidance.
South Korea’s central bank bought gold-related assets for the first time in 13 years, joining global reserve managers turning to the precious metal as a hedge against geopolitical and economic uncertainty.
Apple is facing a new chapter as Tim Cook steps down.
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