Business
Western Digital tops profit expectations on demand from cloud-computing customers
(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 ...
Juniper misses revenue estimates on weak networking gear demand
(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 ...
KLA Corp projects quarterly revenue above estimates as AI fuels chip demand
(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 ...
Walmart ex-chairman Rob Walton to retire from board
(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 ...
Spanish retail giant Inditex opens Zara franchise in Caracas
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, ...
L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
(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 ...
Brazil's QI Tech gets unicorn status after fresh General Atlantic-led investment
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 ...
Carrier AirAsia discloses new listing plans under $1.4 billion units merger
(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 ...
Kaiser notifies millions of a data breach
(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 ...
Roku tops quarterly revenue estimates
(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 ...