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Dow, S&P end down as Treasury yields rise, investors eye earnings

US STOCKS-Dow, S&P end down as Treasury yields rise, investors eye earnings Boeing jumps after offering new wage deal Humana, Cigna fall after report companies resumed merger talks 114 S&P 500 companies to report results this week Nvidia closed at record high Indexes: Dow fell 0.8%, S&P down 0.18% and Nasdaq up 0.27% Adds official closing prices, volume and other market data By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 21 (Reuters) - The Dow Jones Industrial Average and S&P 50
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Dow, S&P end down as Treasury yields rise, investors eye earnings

US STOCKS-Dow, S&P end down as Treasury yields rise, investors eye earnings Boeing gains after offering new wage deal Humana, Cigna fall after report companies resumed merger talks 114 S&P 500 companies to report results this week Nvidia touched record high Updates at 4pm ET/8pm GMT By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 21 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed lower on Monday, retreating from Friday's record high closes and six straight weekly
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Dow, S&P 500 drop ahead of earnings; investors cautious after 6 weekly gains

US STOCKS-Dow, S&P 500 drop ahead of earnings; investors cautious after 6 weekly gains Boeing gains after offering new wage deal Humana, Cigna fall after report companies resumed merger talks 114 S&P 500 companies to report results this week Nvidia briefly touches record high Indexes: Dow down 0.85%, S&P 500 down 0.29%, Nasdaq flat Updated at 2:15pm ET/6:15pm GMT By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 21 (Reuters) - The Dow Jones Industrial Average and S&P 500 fell on Mo
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Wall St drops as investors cautious ahead of big earnings; Treasury yields rise

US STOCKS-Wall St drops as investors cautious ahead of big earnings; Treasury yields rise For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing gains after offering new wage deal Humana, Cigna fall after report companies resumed merger talks 114 S&P 500 companies to report results this week Nvidia briefly touches record high Indexes down: Dow 0.75%, S&P 500 0.43%, Nasdaq 0.16% Updated at 12:08 p.m.
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Genesys confidentially files for US IPO as AI boom drives demand

UPDATE 3-Genesys confidentially files for US IPO as AI boom drives demand Investor demand for IPO could be 'litmus test' for AI appetite -analyst Company notched a valuation of $21 billion in 2021 fundraise Backers include PE giants Permira, Hellman & Friedman Adds analyst comment in paragraphs 9-10, 14, details on company in paragraphs 7, 12 By Manya Saini and Niket Nishant Oct 21 (Reuters) - Genesys said on Monday it has confidentially filed for an initial public offering in the United States,
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Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

UPDATE 1-Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Adds details from report in paragraph 2, Ocado's reply in paragraph 3 Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday.
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Futures dip ahead of earnings-packed week; Boeing surges

US STOCKS-Futures dip ahead of earnings-packed week; Boeing surges For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing gains after offering new wage deal Humana climbs after report Cigna resumes merger talks Futures down: Dow 0.22%, S&P 500 0.30%, Nasdaq 0.51% Updated at 06:46 a.m. ET/1046 GMT By Lisa Pauline Mattackal and Purvi Agarwal Oct 21 (Reuters) - Wall Street futures dipped on Monday as investors braced for a busy week of maj
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Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says

Ocado lines up ex-Microsoft executive to take over as chairman, Sky News says Oct 21 (Reuters) - Ocado Group OCDO.L is lining up Adam Warby, a former Microsoft executive, to replace Rick Haythornthwaite as the grocery technology company's chairman, Sky News reported on Monday. Warby currently serves as the chair of executive search firm Heidrick & Struggles HSII.O and as a senior advisor to KKR, a U.S.-based investment firm.
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Italy moves to ensure Big Tech share in costs of telecom networks rollout

Italy moves to ensure Big Tech share in costs of telecom networks rollout ROME, Oct 21 (Reuters) - Italy is moving to introduce measures aimed at ensuring that Big Tech firms share the cost of developing telecoms infrastructure in the country, Industry Minister Adolfo Urso said on Monday. Telecoms companies argue that Alphabet's Google GOOGL.O , Meta's Facebook META.O , Amazon AMZN.O , Apple APPL.O and Microsoft MSFT.O should bear some of the high-speed network rollout costs because they make up
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Microsoft to let clients build AI agents for routine tasks from November

UPDATE 1-Microsoft to let clients build AI agents for routine tasks from November Recasts headline, paragraph 1 By Aditya Soni Oct 21 (Reuters) - Microsoft MSFT.O will allow its customers to build autonomous artificial intelligence agents from next month, in its latest push to tap the booming technology amid growing investor scrutiny of its hefty AI investments.
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Microsoft To Allow Autonomous AI Agent Development Starting Next Month

BRIEF-Microsoft To Allow Autonomous AI Agent Development Starting Next Month Oct 21 (Reuters) - Microsoft Corp MSFT.O : MICROSOFT: CUSTOMERS CAN GET ABILITY TO CREATE AUTONOMOUS AGENTS WITH COPILOT STUDIO IN PUBLIC PREVIEW NEXT MONTH Further company coverage: MSFT.O
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Microsoft to allow autonomous AI agent development starting next month

Microsoft to allow autonomous AI agent development starting next month By Aditya Soni Oct 21 (Reuters) - Microsoft MSFT.O will allow customers to build autonomous artificial intelligence agents starting in November, the software giant said on Monday, in its latest move to tap the booming technology. The company is positioning autonomous agents - programs which require little human intervention unlike chatbots - as "apps for an AI-driven world," capable of handling client inquiries, identifying s
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IBM releases new AI models for businesses as genAI competition heats up

IBM releases new AI models for businesses as genAI competition heats up Oct 21 (Reuters) - IBM IBM.N released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology. "Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models.
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British Business - Oct. 21

PRESS DIGEST-British Business - Oct. 21 Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Microsoft MSFT.O and the British government have agreed a memorandum of understanding giving public sector organisations access to Microsoft's portfolio of AI-powered products and services.
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Citi raises PT on data centre operator NextDC amid rising AI demand

BUZZ-Citi raises PT on data centre operator NextDC amid rising AI demand ** Analysts at Citi raise price target on Australia's NextDC NXT.AX to A$20 from A$19.25; maintain "buy" rating on stock ** Brokerage sees the data centre operator well positioned to benefit from the increased demand amid the artificial intelligence frenzy ** Says positive dem
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Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say By Anna Tong and Krystal Hu Oct 18 - Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter. The new company aims to build AI products based on proprietary models, said one of the sources who requested anonymity to discuss private matters.
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Datadog rises after UBS turns bullish

BUZZ-Datadog rises after UBS turns bullish ** Datadog's DDOG.O shares up 1.4% at $128 on Fri after UBS upgraded cloud security firm to 'buy' from 'neutral' ** Brokerage hiked PT by $25 to $150, implying ~19% upside to stock's last close ** UBS said industry checks point to "green-shoots" of potential second half spending improvement along with possible strong medium-term growth for the Amazon Web Services and Microsoft Azure cloud infrastructure sector ** These trends "could help Datadog maintai
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U.S. Elevance Health, Microsoft, UnitedHealth

U.S. RESEARCH ROUNDUP-Elevance Health, Microsoft, UnitedHealth Oct 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Elevance Health, Microsoft, and UnitedHealth, on Friday. HIGHLIGHTS * Air Products APD.N : JP Morgan raises target price to $350 from $340 * Elevance Health ELV.N : RBC cuts target price to $478 from $585 * Microsoft MSFT.O : Piper Sandler cuts target price to $470 from $485 * Texas Capital Bancshares
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Wall Street Journal - Oct 18

PRESS DIGEST- Wall Street Journal - Oct 18 Oct 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Pittsburgh based paint and coatings manufacturer PPG PPG.N said on Thursday that it agreed to sell its architectural-coatings business in the U.S.
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Amazon AWS CEO: Quit if you don't want to return to office

UPDATE 2-Amazon AWS CEO: Quit if you don't want to return to office Adds additional comment from Garman in paragraph 5 By Greg Bensinger Oct 17 (Reuters) - One of Amazon's AMZN.O top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January
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