Intel forecasts fourth-quarter revenue above estimates, shares surge
By Max A. Cherney, Arsheeya Bajwa (Reuters) -Intel shares climbed more than 12% in extended trading on Thursday after the…
Boeing dismantles diversity department, Bloomberg news reports
(Reuters) – Boeing has dismantled its global diversity, equity and inclusion department, Bloomberg news reported on Thursday, citing people familiar…
Microsoft forecasts slower cloud business growth in second quarter
By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but…
PepsiCo, retailers share purchase data to improve sales forecasting, exec says
By Richa Naidu and Jessica DiNapoli AMSTERDAM/NEW YORK (Reuters) – PepsiCo, which is overhauling some of its top brands like…
Amazon workers ‘appalled’ by AWS CEO’s return to office remarks, urge policy reversal
By Greg Bensinger (Reuters) -More than 500 Amazon.com employees sent a letter on Wednesday to the CEO of its AWS…
Eli Lilly’s weight-loss drug misses Wall Street expectations, shares tumble
(Reuters) -Eli Lilly missed Wall Street estimates for its popular weight-loss and diabetes drugs on Wednesday, hit by a decrease…
Boeing, striking union hold first meeting since latest contract rejection
By David Shepardson (Reuters) -A union representing about 33,000 striking U.S. West Coast factory workers said late on Tuesday it…
Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
By Arsheeya Bajwa (Reuters) – Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday,…
Xiaomi launches faster version of flagship EV in challenge to Tesla
BEIJING (Reuters) – Xiaomi unveiled a luxury version of its SU7 electric sports car on Tuesday, saying the $114,000 model…
McDonald’s brushes off sales hit from US E. coli outbreak, international markets weak
By Savyata Mishra (Reuters) -McDonald’s executives on Tuesday brushed off a potential sales hit from the deadly E. coli outbreak…