Microsoft results top Wall Street targets, driven by AI investment
By Yuvraj Malik, Anna Tong and Stephen Nellis (Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on…
Month: April 2024
Google parent announces first-ever dividend; beats on sales, profit; shares soar
By Greg Bensinger and Akash Sriram (Reuters) – Alphabet announced its first-ever dividend on Thursday and a $70 billion stock…
Snap beats first-quarter expectations, shares jump 25%
By Sheila Dang (Reuters) -Snap beat Wall Street’s expectations for quarterly revenue and user growth on Thursday, as improvements to…
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
By Blake Brittain (Reuters) -GlaxoSmithKline sued Pfizer and BioNTech in Delaware federal court on Thursday, accusing them of infringing GSK…
Ford profit beats on commercial sales; EVs still dragging
By Nora Eckert (Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street’s expectations, bolstered by a…
Blackstone to buy restaurant chain Tropical Smoothie
(Reuters) – Blackstone has agreed to buy Tropical Smoothie Cafe, the private equity firm said on Wednesday, in a deal…
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
By David Shepardson WASHINGTON (Reuters) -TikTok’s chief executive said on Wednesday the social media company expects to win a legal…
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
By Saeed Azhar and Nupur Anand SALT LAKE CITY, Utah, NEW YORK (Reuters) -Goldman Sachs and Bank of America shareholders…
IBM nearing deal for cloud software provider HashiCorp, source says
By Arsheeya Bajwa (Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a…
JPMorgan CEO Dimon says US economy is booming
By Nupur Anand (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment…