Today: October 07, 2024
Today: October 07, 2024

Latest From Reuters

Business|Economy|Technology

MercadoLibre net profit surges, driven by Brazil, Mexico

Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil

MercadoLibre net profit surges, driven by Brazil, Mexico
Business|Economy|Technology

Cognizant first-quarter revenue beats estimates on steady spending by clients

Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket

Cognizant first-quarter revenue beats estimates on steady spending by clients
Business|Technology

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand

Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing's rate and quality demands for parts for the

Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
Business|Economy|Technology

EBay forecasts Q2 revenue below estimates as consumer spending remains strained

Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector's items and auto parts, sending

EBay forecasts Q2 revenue below estimates as consumer spending remains strained
Business|Economy|Technology

US prosecutors examining financial transactions at Block, NBC News reports

U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter.

US prosecutors examining financial transactions at Block, NBC News reports
Business|Technology

Embraer counters report of new jet, says no major capex plan

Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and

Embraer counters report of new jet, says no major capex plan
Business|Technology

Garmin's Q1 results beat on strong demand for fitness, auto products

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and

Garmin's Q1 results beat on strong demand for fitness, auto products
Business|Technology

Huawei's high-profile consumer CEO Richard Yu shifts role

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role
Business|Technology

Microsoft to open first regional data centre in Thailand

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand
Business|Economy|Technology

AT&T beats estimates for subscriber additions, free cash flow

AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier

AT&T beats estimates for subscriber additions, free cash flow
Business|Economy|Technology

TE Connectivity beats quarterly profit estimates on sensor demand

TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe.

TE Connectivity beats quarterly profit estimates on sensor demand
Business|Health|Technology

Bristol Myers signs $380 million CAR-T therapies supply deal with Cellares

Drugmaker Bristol Myers Squibb said it has signed a $380 million deal with contract manufacturer Cellares to manufacture its CAR-T cell therapies in the United States, EU and Japan.

Bristol Myers signs $380 million CAR-T therapies supply deal with Cellares
Business|Economy|Technology|World

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated

A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week,

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated
Business|Technology

Salesforce abandons pursuit of Informatica, source says

Business software maker Salesforce has backed away from its talks to acquire data-management software firm Informatica after the two companies could not agree on terms, a

Salesforce abandons pursuit of Informatica, source says
Business|Economy|Technology|World

Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs

Automotive seating supplier Adient plc on Monday said it was restructuring its Europe business by cutting jobs and transferring work to countries with lower labor expenses, in a bid to cut

Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs
Business|Technology

Solar firm SunPower to cut jobs, wind down most of residential direct sales

SunPower plans to reduce its workforce by about 1,000 people in the coming days and weeks and move away from most of its direct sales channel as part of a restructuring plan to lower costs,

Solar firm SunPower to cut jobs, wind down most of residential direct sales
Business|Technology|World

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Business|Technology|Travel|World

Mercedes-Benz to launch luxury electric van for Chinese market

Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN.EA platform, the head of the carmaker's vans division told German magazine

Mercedes-Benz to launch luxury electric van for Chinese market
Business|Economy|Technology

Morning Bid: Meta plunges, mega mining merger revealed

(Removes extraneous letter in first paragraph) A look at the day ahead in U.S. and global markets from Mike Dolan Megacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock

Morning Bid: Meta plunges, mega mining merger revealed
Business|Economy|Technology

Tesla to lay off 693 employees in Nevada, government notice says

Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice showed, as part of its plan to cut more than 10% of its global workforce amid

Tesla to lay off 693 employees in Nevada, government notice says
Business|Technology|World

Renault talks to China's Li Auto and Xiaomi on tech collaboration

Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential

Renault talks to China's Li Auto and Xiaomi on tech collaboration
Business|Technology

Chipmaker NXP forecasts Q2 profit above estimates on industrial demand recovery

NXP Semiconductors NV forecast second-quarter profit above estimates on Monday, as easing inventory corrections at its industrial and mobile customers helped offset decelerating revenue

Chipmaker NXP forecasts Q2 profit above estimates on industrial demand recovery
Business|Economy|Technology|World

Bottler Coca-Cola HBC beats revenue estimate on strong demand

Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy

Bottler Coca-Cola HBC beats revenue estimate on strong demand
Business|Economy|Technology

Huawei's quarterly profit surges as comeback gathers pace

Huawei Technologies's net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues

Huawei's quarterly profit surges as comeback gathers pace
Business|Economy|Technology

France's Capgemini signals gradual recovery after lower Q1 sales

French IT consulting group Capgemini reported lower first-quarter revenue on Tuesday because of an anticipated slowdown in the market, but said it expects a gradual recovery through the

France's Capgemini signals gradual recovery after lower Q1 sales

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