MUNICH/DUESSELDORF (Reuters) -Siemens Energy raised its midterm outlook on Tuesday as it reported a new record for its order book and a narrower fourth-quarter loss, boosted by rising demand for power equipment and an ongoing turnaround at its wind turbine unit. Like key rival GE Vernova, the group is benefiting from a strong expansion of wind power, the need to...

(Reuters) - Rivian and Volkswagen Group launched on Tuesday the joint venture they had announced in June, valued at $5.8 billion, to share software and electric vehicle architecture. The joint venture aims to integrate advanced electrical infrastructure and Rivian's software technology for future electric vehicles of both companies, across all relevant vehicle segments, including subcompact cars, the firms said. Volkswagen...

Nov 12 (Reuters) - A U.S. appeals court panel on Tuesday seemed likely to punt on a nursing home operator's claim that National Labor Relations Board administrative judges are insulated from removal in violation of the U.S. Constitution. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan heard arguments in an appeal by Care Realty of...

02:11 PM EST, 11/12/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph.) Sea (SE) shares jumped 11% in recent Tuesday trading after the company reported Q3 earnings of $0.24 per diluted share, compared with the loss of $0.26 a year earlier. Analysts polled by Capital IQ expected EPS of $0.26. Revenue in the three months...