LONDON, March 1 Reuters Britain39;s thirdlargest supermarket group Asda said on Friday it would give more than 120,000 store workers an 8.4 pay rise from July 1, following a similar move by other large British retailers as the government39;s national minimum wage goes up. Asda said its hourly rate for retail pay would rise from […]

Reuters EV startup Fisker warned on Thursday it might not be able to continue as a going concern and its shares tumbled 35 after the stock market closed. Fisker said it would cut its workforce by about 15 and added it was in talks with a large automaker for a potential investment and joint development partnership. […]

WASHINGTON, Reuters Boeing said on Thursday it had reached a 51 million settlement with the U.S. State Department for numerous export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs. The State Department said from 2013 through 2017 three Chinese employees at Boeing facilities in China downloaded technical data involving programs […]

March 1 Reuters British broadcaster ITV has sold its entire 50 stake in streaming service BritBox International to its joint venture partner BBC Studios for 255 million pounds 322.09 million, it said on Friday. The sale will allow ITV to focus on supercharging its UK adfunded streaming service ITVX and growing its global Studios division, it […]

Reuters Electronic Arts will reduce 5 of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates. The company, which makes gaming titles such as Star Wars Jedi Survivor, expects to incur about […]

Reuters Dell Technologies forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company39;s shares up more than 16 in afterhours trading. Dell is a beneficiary of rising demand for its AI servers that are equipped with chip designer Nvidia39;s graphics processing units GPUs, which helps […]