Shares of Knight-Swift Transportation Holdings Inc ( KNX ) are trading lower after the company updated its first and second-quarter earnings guidance. The company slashed its adjusted EPS outlook for first-quarter FY24 to $0.11 – $0.12 (consensus $0.29) from the previous forecast of $0.37 – $0.41. The range includes a loss of $(0.08) per share for the third-party insurance business that ceased operation...

SANTIAGO, April 17 (Reuters) - Aurubis, Europe's largest copper producer, plans to eschew large acquisitions and instead build a network of recycling facilities across the globe as part of its focus on organic growth, its CEO said on Wednesday. The company, which is emerging from a 2023 scandal when its copper was stolen by an organized crime ring, is set...

April 17 (Reuters) - EU antitrust regulators have concluded that Microsoft's ( MSFT ) $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European probe that could have led to onerous remedies for the U.S. tech giant. Microsoft ( MSFT ), OpenAI and a spokesperson...

FRANKFURT, April 17 (Reuters) - Tesla is planning to lay off 300 temporary workers at its German plant near Berlin as part of plans to cut global staff, Business Insider reported on Wednesday, citing people familiar with the matter. The cuts are to start on Monday, the report said. Tesla, which employs a total of around 12,500 at its plant...