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☆ Akamai Technologies forecasts upbeat third-quarter revenue, profit
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

The Cambridge, Massachusetts-based company forecasts revenue to be between $937 million and $952 million for the quarter ending Sept. 30, compared with analysts' average estimate of $931 million, according to Refinitiv data. The company expects adjusted profit per share for the third quarter to be between $1.48 and $1.52, while analysts estimated $1.41. Akamai also raised its full-year revenue forecast to between $3.77 billion and $3.80 billion, compared with its prior projection of $3.74 billion to $3.79 billion. Security and compute revenue, which formed 59% of the company's total revenue in the quarter, grew 14% over the year earlier, the company said. Excluding items, the company's profit per share was $1.49, compared with analysts' expectations of $1.41.

Persons: Akamai, Rishi Jaluria, Jaluria, Zaheer Kachwala, Jaspreet Singh, Shilpi Majumdar Organizations: Akamai Technologies, Wall, RBC Capital Markets, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Cambridge , Massachusetts, Bengaluru

☆ Chipmaker Skyworks sees profit below estimates on weak demand
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Aug 7 (Reuters) - Apple supplier Skyworks Solutions (SWKS.O) on Monday forecast fourth-quarter profit below Wall Street estimates as demand for wireless connected devices from customers outside the artificial intelligence (AI) industry remains gloomy. Apple (AAPL.O) - Skyworks' largest customer - last week predicted its sales would fall for a fourth straight quarter, dragged down by weak demand for its flagship device. Chipmaker Skyworks said it expects fourth-quarter adjusted earnings of $2.10 per share, slightly below market estimates of $2.11 per share, according to Refinitiv data. It anticipates fourth-quarter revenue between $1.19 billion and $1.24 billion, the mid-point of which was in-line with analysts' average estimates of $1.22 billion. Excluding items, Skyworks posted profit of $1.73 per share in the third quarter ended June 30, above estimates of $1.70, according to Refinitiv data.

Persons: Chipmaker Skyworks, Skyworks, Jaspreet Singh, Shinjini Organizations: Apple, Skyworks, Wall, Thomson Locations: Bengaluru

☆ Motorola forecasts upbeat revenue on robust security solutions demand
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Aug 3 (Reuters) - Motorola Solutions (MSI.N) on Thursday raised its full-year revenue and profit forecasts on robust demand for the telecommunications equipment provider's integrated security solutions. The Chicago-based company now expects full-year revenue in the range of $9.88 billion to $9.90 billion, compared with its previous expectations of $9.73 billion to $9.78 billion. Motorola projected third-quarter adjusted profit in the range of $2.99 to $3.04 per share, compared with estimates of $3 per share. Second-quarter adjusted net income attributable to Motorola solutions stood at $458 million, compared with $354 million a year ago. The U.S. government and home office of the United Kingdom are the largest customers of Motorola Solutions.

Persons: Greg Brown, Jaspreet Singh, Maju Samuel Organizations: Motorola Solutions, Motorola, Thomson Locations: Chicago, U.S, United Kingdom, Bengaluru

REUTERS/Adnan Abidi/File PhotoNEW DELHI, Aug 3 (Reuters) - India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year. Electronics imports range between 7% to 10% of the country's total merchandise imports. "The move's spirit is to push manufacturing to India. India has been trying to push local manufacturing by giving production-linked incentives in over two dozen sectors, including electronics.

Persons: Adnan Abidi, It's, Ali Akhtar Jafri, Madhavi Arora, Shivam Patel, Shivangi Singh, Sudipto Ganguly, Raju Gopalakrishnan Organizations: REUTERS, Electronics, Dell, Samsung, LG Electronics, Apple Inc, Lenovo, HK, HP Inc, Dixon Technologies, Emkay, India Cellular and Electronics Association, Thomson Locations: New Delhi, India, China, Mumbai

☆ Gen Digital beats first-quarter revenue estimates on uptick in demand
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Aug 3 (Reuters) - Cybersecurity firm Gen Digital (GEN.O) beat revenue estimates for the first quarter on Thursday, as demand for its antivirus software like Avast, Norton and Avira rose, sending shares surging 3.7% in trading after the bell. Demand for cybersecurity software has soared in the wake of continuously evolving cyber threats, privacy concerns and soaring hacking activity, as users expand their digital footprints. Revenue in the first quarter grew 34% to $946 million, slightly above analysts' average estimate of $945.4 million, according to Refinitiv data. The company earned adjusted profit per share of 47 cents, above analysts' average estimate of 46 cents. Gen Digital expects fiscal year 2024 revenue to be in the range $3.8 billion to $3.85 billion, the midpoint of which is slightly below analysts' average estimate of $3.85 billion, according to Refinitiv data.

Persons: Vincent Pilette, Jaspreet Singh, Pooja Desai Organizations: Digital, Norton, Gen Digital, Thomson Locations: Bengaluru

☆ Cognizant projects revenue above estimates, CFO to retire in 2024
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationAug 2 (Reuters) - Cognizant Technology Solutions (CTSH.O) forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6% after the bell. The company also said CFO Jan Siegmund would retire in early 2024. The New Jersey-based company expects current-quarter revenue of between $4.89 billion and $4.94 billion, compared with analysts' estimates of $4.86 billion, according to Refinitiv data. The company now expects full-year adjusted profit per share in the range of $4.25 to $4.48, compared with an earlier estimate of between $4.11 and $4.34. The company reported adjusted profit of $1.10 per share, compared with estimates of 99 cents.

Persons: Dado Ruvic, Jan Siegmund, Ravi Kumar S, Jaspreet Singh, Devika Organizations: REUTERS, Technology Solutions, TCS, Accenture, Revenue, Thomson Locations: The New Jersey, Bengaluru

☆ Pinterest delivers revenue beat on digital ad market rebound
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/IllustrationAug 1 (Reuters) - Image-sharing platform Pinterest (PINS.N) beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy. Pinterest's revenue for the quarter ended June 30 grew 6% to $708 million, compared with market estimates of $696.1 million, according to Refinitiv data. Global monthly active users (MAUs) on the platform rose 8% to 465 million from a year ago, above estimates of 462.8 million. Pinterest earned a quarterly adjusted profit of 21 cents per share, compared with 11 cents a year ago.

Persons: Dado Ruvic, Pinterest, Jaspreet Singh, Devika Organizations: REUTERS, Tech, Meta, Global, Thomson Locations: Bengaluru

☆ Dell expands 'Project Helix' with Nvidia to provide generative AI solutions
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: 1 min

[1/2] The Dell logo is seen on an item for sale in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew KellyJuly 31 (Reuters) - Dell Technologies (DELL.N) on Monday launched new generative artificial intelligence (GenAI) solutions in collaboration with Nvidia (NVDA.O) whose chips enable the technology behind OpenAI's ChatGPT. The tools will help businesses to build GenAI models and are an expansion of Dell's Project Helix, which was launched in May. Reporting by Jaspreet Singh in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, OpenAI's, Jaspreet Singh, Shweta Agarwal Organizations: REUTERS, Dell Technologies, Monday, Nvidia, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Amphenol sees better-than-expected revenue on demand from defense, aviation
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Electronic components maker Amphenol (APH.N) forecast third-quarter revenue above market estimates on Wednesday on optimism over demand from commercial air, military and automotive markets, sending its shares up more than 3% in early trading. The company expects third-quarter sales to be between $3.04 billion and $3.10 billion, while analysts estimated $3.09 billion, according to Refinitiv. Its profit forecast of 72 cents to 74 cents per share was in line with analysts' estimates. Amphenol, which manufactures products including sensors, antennas, cables and connectors, posted revenue of $3.05 billion for the second quarter ended June 30, compared with estimates of $2.95 billion. Its profit came in at 72 cents per share, higher than expectations of 68 cents.

Persons: Jaspreet Singh, Shinjini Organizations: Companies, Thomson Locations: Bengaluru

☆ Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

July 25 (Reuters) - Specialty glass maker Corning (GLW.N) forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects core sales of about $3.5 billion in the three months ending September, compared with analysts' estimates of $3.70 billion, according to data from Refinitiv. Shares of Corning, whose Gorilla glass for smartphones is used by companies such as Apple (AAPL.O) and Samsung Electronics (005930.KS), were down nearly 1.5% before the bell. "We expect to continue improving profitability and cash flow despite our relatively muted sales environment," said CEO Wendell Weeks. Corning posted an adjusted profit of 45 cents per share, just short of the 46 cents estimated by analysts.

Persons: Corning, Wendell Weeks, Jaspreet Singh, Krishna Chandra Organizations: Refinitiv, Apple, Samsung Electronics, Thomson Locations: Corning, Bengaluru

☆ ChatGPT now on Android in some countries including US
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - ChatGPT is now available for Android users in the United States, India, Bangladesh and Brazil, the viral chatbot's owner OpenAI said on Tuesday, as it looks to take advantage of the popularity of the artificial intelligence tool. As AI becomes widely used in tasks such as content writing to coding, San Francisco-based OpenAI announced ChatGPT for Android last week to further expand its user base. ChatGPT, which was launched by the Sam Altman-led company in November last year, has been available on Apple's (AAPL.O) iOS platform since May. The viral success of ChatGPT has triggered a wave of enthusiasm in AI, prompting companies such as Microsoft (MSFT.O) and Google-parent Alphabet (GOOGL.O) to pour billions of dollars into the technology. OpenAI said it would expand the rollout on Android to additional countries over the next week.

Persons: OpenAI, Sam Altman, ChatGPT, Jaspreet Singh, Anil D'Silva Organizations: Android, Microsoft, Google, Thomson Locations: United States, India, Bangladesh, Brazil, Francisco, Bengaluru

☆ Applied Digital confident on annual revenue as AI drives up data center demand
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Applied Digital (APLD.O) forecast annual revenue above market estimates on Monday, as the rise of artificial intelligence drives up demand for its data center services, sending the company's shares 18% higher in early trading. "We will accelerate our focus on non-crypto use cases and leverage capabilities of our next-generation proprietary data center assets for HPC applications," said CEO Wes Cummins. The company expects annual revenue in the range of $385 million to $405 million, compared with analysts' average expectations of $308.8 million, according to Refinitiv data. The company reported revenue of $22 million for the three months to May 31, compared with analysts' average estimate of $26.4 million. Its loss per share was 7 cents, compared with 4 cents a year earlier.

Persons: Wes Cummins, Jaspreet Singh, Shilpi Majumdar Organizations: Applied Digital, Thomson Locations: Bengaluru

July 17 (Reuters) - Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital showed. The April-June period saw $6 billion in investments in 91 firms, compared with $2.2 billion in the previous three months and $5.9 billion a year earlier, the report, released on Monday, stated. That marks a big improvement from declines of 53% and 52% in the first quarter and 2022, respectively. "The era of free money is over and companies are beginning to adapt to this new normal," Space Capital said, adding that the pickup in financial markets has helped the space industry. Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Chad Anderson, Akash Sriram, Jaspreet Singh, Pooja Desai Organizations: Space, Reuters, Federal, Nasdaq, Thomson Locations: Bengaluru

☆ Twitter, ChatGPT back up after brief outage
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: 1 min

July 12 (Reuters) - Twitter services recovered after a brief outage on Wednesday, according to outage tracking website Downdetector.com, while OpenAI said logins for its viral chatbot ChatGPT were starting to work. OpenAI said some ChatGPT logins had started to work. It later said there was an issue where some users received a "Failed to get service status" error. Downdetector tracks outages by collating status reports from a number of sources, including user-submitted errors, on its platform. Twitter did not immediately respond to a Reuters request for comment.

Persons: OpenAI, Downdetector, logins, Jaspreet Singh, Pooja Desai Organizations: Elon Musk, Twitter, Thomson Locations: Bengaluru

☆ Trump-tied SPAC Digital World names Swider as permanent CEO
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

July 11 (Reuters) - Digital World Acquisition (DWAC.O) has named Eric Swider as CEO, handing the interim boss reins of the blank-check company that is looking to complete its planned merger with former U.S. President Donald Trump's media and tech company. The move comes nearly four months after the special-purpose acquisition company (SPAC) ousted CEO Patrick Orlando, saying that a new management team was needed to tackle "unprecedented headwinds". Swider said on Monday the company's focus will continue to be on completing the merger with TMTG, as it is the "best option for shareholders". DWAC shares were up around 1% in premarket trading. Reporting by Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Eric Swider, Donald Trump's, Patrick Orlando, DWAC, Swider, Jaspreet Singh, Maju Samuel Organizations: U.S, Trump Media & Technology, Justice Department, Securities and Exchange Commission, TMTG, Thomson Locations: Bengaluru

Activision shares surged 10% on the day, as the U.S. and Britain have been the two countries opposed to what would be Microsoft's biggest deal ever and the largest transaction in the videogame industry's history. Microsoft shares rose 64 cents to $332.47. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. "It does seem like the Microsoft and the CMA could work out a deal within the next couple of weeks," said D.A. The FTC's complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming.

Persons: Jacqueline Scott Corley, ”, Joost Van Dreunen, University's, Corley, Douglas Farrar, we'll, Dado Ruvic, Biden, Brad Smith, Franco Granda, Satya Nadella, Diane Bartz, David Shepardson, Jaspreet Singh, Aditya Soni, Chris Sanders, Caitlin Webber, Matthew Lewis David Gregorio, Muralikumar Organizations: Activision, Microsoft, Biden, U.S, Markets Authority, University's Stern School of Business, U.S . Federal Trade Commission, Nintendo, Sony Group, FTC, Sony PlayStation, REUTERS, FOCUS Gaming, CMA, Davidson &, PlayStation, Thomson Locations: WASHINGTON, U.S, British, Britain, San Francisco, New, Washington, Bengaluru

☆ Factbox: Canadian companies halt ads on Facebook, Instagram after Meta blocks news access
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: 1 min

July 11 (Reuters) - Several Canadian companies and government agencies have stopped advertising on Facebook and Instagram after Meta Platforms (META.O) decided to stop news access on the apps over a law that requires payments to local news publishers. The "Online News Act", which was approved by the Canadian parliament and received a royal assent on June 22, prompted a similar response from Google-parent Alphabet (GOOGL.O). Below is a list of companies that have paused advertising on Meta's social media platforms:Reporting by Tanya Jain and Jaspreet Singh in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Tanya Jain, Jaspreet Singh, Shilpi Majumdar Organizations: Facebook, Meta, Google, Thomson Locations: Bengaluru

☆ US layoffs halve in June as tech job cuts ease - report
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Despite the drop in job cuts in the month, layoffs in June were higher than the corresponding month a year earlier, the report said. Technology companies continue to lead job cut announcements with 141,516 layoffs in the first half of the year, compared with about 6,000 in the same period last year. The sector laid off nearly 5,000 employees last month, the report said. After a round of multiple rate hikes, the Fed unanimously kept its interest rates steady at the central bank's June meeting that could freeze layoffs and allay fears of employees. Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: stoking, Andrew Challenger, Stuart Cole, Akash Sriram, Jaspreet Singh, Maju Samuel Organizations: Christmas Inc, Corporate America, Federal Reserve, Technology, Fed, Equiti, Thomson Locations: United States, Bengaluru

☆ Meta launches Quest+ subscription for VR headsets
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Meta Platforms (META.O) on Monday launched Meta Quest+, a subscription-based service for its virtual reality (VR) headsets to shape a nascent but high-investment market. Chief Executive Mark Zuckerberg, in a broadcast channel on social media app Instagram, said the Meta Quest+ subscription will be available from Monday at $7.99 per month, or $59.99 annually, for its Quest 2, Pro and soon for Quest 3. Apple (AAPL.O) has entered the market dominated by Meta, showcasing its $3,499 augmented reality headset called the Vision Pro. The social media company's flagship VR headset Meta Quest Pro is currently priced at $999.99, down from its launch price of $1,499.99, and Quest 2 is being sold for $299.99, according to Meta's website. Termed as the next big thing, the adoption of virtual reality headsets has been limited to the gaming community despite the devices now having more advanced features.

Persons: Mark Zuckerberg, Jaspreet Singh, Krishna Chandra Organizations: Quest, Apple, Meta, Thomson Locations: Bengaluru

☆ Chipmaker Wolfspeed secures $1.25 bln in debt funding led by Apollo Global
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Wolfspeed (WOLF.N) said on Monday that a group led by Apollo Global Management (APO.N) would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion. Wolfspeed CEO Gregg Lowe said the financing would help "scale up near-term operations at our Mohawk Valley Fab and construction of our Siler City materials facility to help us capture the growing silicon carbide market opportunity." The company in September last year had announced a multi-billion-dollar investment in a factory in Chatham County, North Carolina to make raw materials for chips that power electric vehicles, among other things. The company has the option to pay the debt early, Wolfspeed said. (This story has been refiled to add dropped word in the headline)Reporting by Jaspreet Singh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Gregg Lowe, Wolfspeed, Jaspreet Singh, Vinay Dwivedi Organizations: Apollo Global Management, Thomson Locations: Siler City, Chatham County , North Carolina, Bengaluru

☆ Tech companies including Google gripe about unfair cloud practices
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

June 21 (Reuters) - Technology trade groups as well as Alphabet's (GOOGL.O) Google have griped to the Federal Trade Commission about allegedly unfair business practices in the cloud, including by the industry's No. 2 by market share Microsoft (MSFT.O). They also follow scrutiny worldwide, including a recent probe by Europe's antitrust authority into Microsoft's licensing agreements that allegedly discouraged rival cloud usage. In one example of the public comments Tuesday, trade group NetChoice took aim at Microsoft and Oracle (ORCL.N). Google echoed the sentiment in its own filing, saying that "licensing terms enforced by Microsoft, Oracle, and other legacy on-premises software providers distort competition in the cloud."

Persons: NetChoice, Urvi Dugar, Jeffrey Dastin, Jaspreet Singh, Krishna Chandra Eluri, Christopher Cushing Organizations: Technology, Google, Federal Trade Commission, Microsoft, U.S, Oracle, Thomson Locations: Bengaluru, Palo Alto, Calif

☆ Google accuses Microsoft of anticompetitive cloud practices - The Information
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Alphabet's (GOOGL.O) Google formally filed a complaint to the U.S. Federal Trade Commission on Tuesday saying Microsoft (MSFT.O) used its dominant position in enterprise software to push customers towards its cloud services, The Information reported on Wednesday. There is intense rivalry between the two U.S. tech giants in the fast-growing, multi-billion-dollar cloud computing business, where Google trails market leaders Amazon.com (AMZN.O) and Microsoft. In March, Google Cloud had accused Microsoft of anti-competitive cloud computing practices and criticized imminent deals with several European cloud vendors, saying these do not solve broader concerns about its licensing terms. Earlier this year, the FTC had said it is seeking information from the public on the business practices of cloud computing companies, including details on their market power, competition and potential security issues. Google and Microsoft did not immediately respond to Reuters' requests for comment, while the FTC declined to comment.

Persons: Google Cloud, Urvi Dugar, Jaspreet Singh, Krishna Chandra Organizations: Google, U.S . Federal Trade Commission, Microsoft, FTC, Thomson Locations: United States, Britain, Bengaluru

☆ TikTok and Candle Media strike deal to co-create content
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - TikTok and Blackstone-backed Candle Media will co-create content and branded entertainment as part of a broad strategic partnership in the United States, the companies said on Tuesday. A key piece of the partnership will be Hello Sunshine, Reese Witherspoon's company that Candle acquired in 2021. TikTok, owned by China's ByteDance, will also allow advertisers purchase advertisements directly adjacent to Candle content and share that ad revenue as part of the tie-up. Candle Media was founded by former top Walt Disney (DIS.N) executives Kevin Mayer and Tom Staggs. Reporting by Jaspreet Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Reese Witherspoon's, TikTok, HBO's, hashtag, China's ByteDance, Kevin Mayer, Tom Staggs, Jaspreet Singh, Krishna Chandra Organizations: Blackstone, Media, Walt Disney, Thomson Locations: United States, Bengaluru

☆ Factbox: Makers of EVs, chargers adopt Tesla's charging standard
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

June 16 (Reuters) - General Motors (GM.N) and Ford (F.N) have in recent weeks said they would allow their electric-vehicle customers to use Tesla's (TSLA.O) charging network, in a move that could make the Elon Musk-led company's superchargers the industry standard. Tesla's North American Charging Standard (NACS) is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen (VOWG_p.DE) and Hyundai Motor (005380.KS)Analysts and industry experts expect more makers of EVs and chargers to forge partnerships with Tesla as they look to take advantage of its several thousand charging stations in the United States. Here is a list of the companies adopting NACS:Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: company's, Tesla, Akash Sriram, Jaspreet Singh, Anil D'Silva Organizations: General Motors, Ford, Elon, CCS, Volkswagen, Hyundai, Thomson Locations: KS, United States, Bengaluru

☆ Factbox: Layoffs pick up pace in Canada as Bell cuts 1,300 roles
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

June 15 (Reuters) - Canadian companies across industries have laid off thousands in recent months as a post-pandemic spending splurge fades and rising interest rates fan fears of a possible recession. The cuts mirror the tens of thousands of layoffs seen in the United States, where major companies such as Meta Platforms (META.O) have carried out multiple rounds of retrenchment. Here are some of the job cuts in Canada in recent months:Reporting by Tiyashi Datta and Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Tiyashi Datta, Jaspreet Singh, Maju Samuel Organizations: Thomson Locations: United States, Canada, Bengaluru

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