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Western Digital tops profit expectations on demand from cloud-computing customers

Reuters |Updated just now |2 min read

(Reuters) - Western Digital surpassed expectations for quarterly revenue and profit on Thursday, riding on a surge in demand for its data storage products from cloud service providers. The results are the latest sign that demand for memory chips ...

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Juniper misses revenue estimates on weak networking gear demand

Reuters |Updated 24 minutes ago |1 min read

(Reuters) - Juniper Networks missed Wall Street estimates for first-quarter revenue on Thursday, hit by sluggish demand for the networking gear maker's products in an uncertain economy. Weak demand from inflation-hit wireless carriers and cable ...

SaltWire

KLA Corp projects quarterly revenue above estimates as AI fuels chip demand

Reuters |Updated 31 minutes ago |1 min read

(Reuters) - KLA Corp forecast fourth-quarter revenue above analysts' expectations on Thursday, anticipating strong demand for its chip-making tools from semiconductor makers looking to tap into a surge in demand for use in AI applications. Shares ...

Rob Walton, Walmart chairman of the Board of Directors, speaks at the company's annual shareholders meeting in Fayetteville, Arkansas June 6, 2014.

Walmart ex-chairman Rob Walton to retire from board

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Walmart said on Thursday that Rob Walton would retire from the board of the big-box retailer at the end of his term on June 5. Walton, the eldest son of Walmart founder Sam Walton, served as the company's chairman of the board of ...

Shoppers leave a Zara store the day of its opening after fashion giant Inditex resumed its operations in Venezuela under a franchise agreement, in Caracas, Venezuela April 25, 2024.

Spanish retail giant Inditex opens Zara franchise in Caracas

Reuters |Updated 1 hour ago |1 min read

CARACAS (Reuters) - Spanish fast fashion retailer Inditex on Thursday relaunched its business in Venezuela with the opening of a Zara store via a franchise agreement. In 2021, Inditex, which also owns Bershka, Pull & Bear and other brands, ...

The logo of L3Harris is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019.

L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions

Reuters |Updated 1 hour ago |1 min read

(Reuters) - L3Harris lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns. U.S. defense companies are experiencing a surge ...

SaltWire

Brazil's QI Tech gets unicorn status after fresh General Atlantic-led investment

Reuters |Updated 1 hour ago |1 min read

SAO PAULO (Reuters) - Brazilian financial services provider QI Tech has reached a valuation of more than $1 billion, it said in a statement on Thursday, getting "unicorn" status after a new investment round led by equity investor General ...

Planes from AirAsia, a subsidiary airline of Capital A, are seen on the tarmac of Kuala Lumpur International Airport Terminal 2 (KLIA2) in Sepang, Malaysia, February 26, 2024.

Carrier AirAsia discloses new listing plans under $1.4 billion units merger

Reuters |Updated 1 hour ago |2 min read

(Reuters) -Malaysian airline operator Capital A, also the parent of AirAsia, announced deals worth 6.8 billion ringgit ($1.42 billion) on Thursday, in a move to create a new listed entity and streamline operations by merging various airline ...

A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023.

Kaiser notifies millions of a data breach

Reuters |Updated just now |1 min read

(Reuters) - U.S. health conglomerate Kaiser is notifying millions of its members of a data breach earlier this month, it reported in a notice posted on Thursday. As per a legally required notice filed with the U.S. government on April 12 and ...

The Roku company logo is displayed on a building in Austin, Texas, U.S., October 25, 2021.

Roku tops quarterly revenue estimates

Reuters |Updated just now |1 min read

(Reuters) - Roku beat Wall Street estimates for quarterly revenue on Thursday, as it benefited from strong ad sales and the ongoing shift from cable TV to streaming platforms. The company posted net revenue of about $882 million in the first ...

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