SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre posted a better-than-expected quarterly net profit on Thursday, up nearly four-fold from the same period a year earlier and sending its shares up more than 12% in after-hours trading. MercadoLibre, Latin America's largest company by market value, said net income for the October-to-December quarter came in at $639 million, up 287% year-on-year...

Feb 20 (Reuters) - Elon Musk-led Department of Government Efficiency has cut three out of roughly seven people in a U.S. auto safety agency unit overseeing the safety of autonomous vehicles, the Washington Post reported on Thursday. The workers fired by the agency headed by the Tesla CEO said they do not believe they were targeted because they are examining...

Feb 20 (Reuters) - L3Harris Technologies ( LHX ) said on Thursday it has begun constructing four solid rocket motor production facilities at its Camden, New Jersey, site, as demand for missiles accelerates amid escalating geopolitical tensions. The expansion, part of a $215.6 million agreement under the Pentagon's Defense Production Act program, aims to increase domestic manufacturing capacity through the...

SHANGHAI (Reuters) - Huawei's founder told Xi Jinping at a meeting the Chinese president held with private sector entrepreneurs that concerns China had about a lack of homegrown chips or operating systems had eased, Chinese state media reported. The People's Daily on Friday published an article summarising what major Chinese company founders including Huawei's Ren Zhengfei, electric vehicle giant BYD's...