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August 17, 2022


Nvidia warns of lower second-quarter revenue on gaming weakness

Aug 8 (Reuters) – Nvidia Corp (NVDA.O) on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business, sending the chip designer’s shares down about 8%. The company reported preliminary results for the second-quarter, just days after chipmaker Intel Corp ,......

Sony trims profit forecast after games business falters

Cut gaming unit annual forecast by 16% Gaming unit op profit fell 37% in Q1 Game software sales slumped 26% to 47 mln units Lack of high profile titles, COVID easing have hurt demand -CFO TOKYO, July 29 (Reuters) – Sony Group Corp (6758.T) trimmed its profit forecast on Friday......

Panasonic’s Q1 profit hit by China lockdowns, rising material costs

A man is seen next to a Panasonic logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, July 28 (Reuters) – Japan’s Panasonic Holdings Corp (6752.T), which supplies batteries to Tesla (TSLA.O), posted a 39% drop......

‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

Sony, Honda sign JV to sell electric cars by 2025

June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

U.S. bill to rein in Big Tech backed by dozens of small and big companies

WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Last week, Democratic U.S. Senator Amy Klobuchar and......

‘Top Gun’ heirs sue Paramount over ‘Top Gun: Maverick’

June 6 (Reuters) – The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global (PARA.O) unit......

Japan’s Panasonic sees global car output improving this business year

June 1 (Reuters) – Panasonic Holdings Corp (6752.T), which makes batteries for Tesla and other automakers, said on Wednesday it expected global car production to recover this fiscal year, but predicted that the two-year long chip shortage would continue. “We will be running our business as we consider risks of......

Computer chip giant ASML places big bets on a tiny future

VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

U.S. files third labor complaint in Mexico, on behalf of Panasonic workers

MEXICO CITY, May 18 (Reuters) – U.S. labor officials asked Mexico on Wednesday to probe whether workers at a Panasonic (6752.T) auto parts factory were denied their rights, marking the third U.S. labor complaint under a new trade deal that aims to improve workplace conditions in Mexico. The request from......

Canon loses court challenge against EU fine over 2016 acquisition

People are silhouetted against a display of the Canon brand logo at the CP+ camera and photo trade fair in Yokohama, Japan, February 25, 2016. REUTERS/Thomas Peter/Fies Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 18 (Reuters) – Japanese camera and printer maker Canon (7751.T) lost its......

UAE President and pro-West moderniser Khalifa dies

Khalifa had rarely been seen in public since 2014 Death not expected to change domestic, foreign policy De facto ruler MBZ expected to be chosen president Biden lauds Khalifa as a true partner of US ABU DHABI, May 13 (Reuters) – United Arab Emirates President Sheikh Khalifa Bin Zayed Al......

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

TOKYO, May 10 (Reuters) – Sony Group Corp (6758.T) on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit. The Japanese company, however, warned that it could be forced to revise that production......

Mexican union calls for U.S. probe into alleged labor abuses at Panasonic plant

MEXICO CITY, April 18 (Reuters) – A Mexican union on Monday asked the U.S. government to investigate a Panasonic plant for alleged worker rights abuses, the latest in a series of disputes seeking to leverage a new trade deal to improve workplace conditions in Mexico. In a petition to U.S.......

China uses AI software to improve its surveillance capabilities

BEIJING, April 8 (Reuters) – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by......

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