Blog & News List
Logitech targets faster growth via education, health and AI
By John Revill LAUSANNE, Switzerland(Reuters) - Logitech International is targeting faster growth in future by expanding its customer base into areas like education and healthcare as well as doing more with artificial intelligence, Chief Executive ...
5h ago
Corning forecasts second-quarter core sales above estimates on steady carrier spending
(Reuters) - Specialty glass maker Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, banking on price increases and healthy demand for its fiber optic cables amid recovery in spending from telecom clients. Shares ...
6h ago
Google to pay up to $6 million to News Corp for new AI-content, The Information reports
(Reuters) - Alphabet's Google has agreed to pay News Corp, the owner of Wall Street Journal, between $5 million and $6 million annually to develop new AI-related content, the Information reported on Tuesday. (Reporting by Harshita Mary Varghese; E...
6h ago
Zebra Technologies first-quarter results beat estimates
(Reuters) - Barcode scanner maker Zebra Technologies beat first-quarter revenue and profit estimates on Tuesday and forecast a smaller-than-expected decline in second-quarter sales on the back of stabilizing demand for its products. The company, wh...
6h ago
American Tower Corp raises annual revenue forecast on healthy telecom spending
(Reuters) - American Tower raised its forecast for annual property revenue on Tuesday as the real estate investment trust benefits from healthy telecom and wireless carrier spending. Telecom companies have continued to increase spending on 5G servi...
6h ago
SiriusXM beats quarterly revenue estimates on advertising demand
(Reuters) - Satellite-radio company SiriusXM beat analysts' expectations for quarterly revenue on Tuesday, helped by demand for its advertising services and lower-priced offerings. SiriusXM has stepped up efforts toward bolstering its content line-...
6h ago
PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
(Reuters) - PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter. Consumer spending has shown rem...
7h ago
Logitech CEO aiming to double target market for peripherals
LAUSANNE, Switzerland (Reuters) - Logitech International wants to increase sales in future by making more products for people who work outside offices as well as gamers who play on consoles and mobile phones, Chief Executive Hanneke Faber said on T...
7h ago
Meta defends its risk mitigating process amid EU probe
BRUSSELS (Reuters) - Meta on Tuesday defended its risk mitigating process after the European Commission launched an investigation into its Facebook and Instagram for failing to tackle deceptive advertising and disinformation ahead of European Parli...
8h ago
Huawei Technologies' first-quarter net profit surges 564% y/y
BEIJING (Reuters) - Huawei Technologies posted a first-quarter net profit of 19.65 billion yuan ($2.71 billion) on revenue of 178.45 billion, a filing showed on Tuesday. Its net profit surged by 564% while revenue advanced 36.7%, based on calculati...
8h ago
Gartner raises annual profit forecast on steady demand for IT services
(Reuters) - Information technology consultant Gartner beat first-quarter profit and raised its annual earnings forecast on Tuesday, as it expects to benefit from steady demand for its research and consulting services. The company, a dominant player...
8h ago
Binance's CEO Zhao faces sentencing over money laundering violations
WASHINGTON (Reuters) - The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors ha...
8h ago
Facebook, Instagram in EU crosshairs for suspected tech rule breaches
By Foo Yun Chee BRUSSELS (Reuters) - Meta Platforms' Facebook and Instagram have failed to tackle deceptive advertising and disinformation ahead of key European Parliament elections, the European Commission said on Tuesday as it opened an investiga...
8h ago
Amazon.com may be feeling pressure to join the dividend club
By Lewis Krauskopf NEW YORK (Reuters) - E-commerce titan Amazon.com may be under increasing pressure to offer investors a dividend, as it now finds itself one of the few massive U.S. technology and growth companies not making regular payouts to sha...
9h ago
Satellite company SES to buy Intelsat for $3.1 billion
(Reuters) - Satellite company SES has agreed to buy all the shares of Intelsat Holdings for about $3.1 billion in a deal that would create a European giant in the industry, the companies said on Tuesday. European satellite companies have been looki...
11h ago
Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says
By Stanley Widianto JAKARTA (Reuters) - Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud services and artificial intelligence, including by building data centres, visiting chief executive Satya Nade...
14h ago
France's Thales could be tempted by some Atos defence assets, says CFO
PARIS (Reuters) - Thales opened the door on Tuesday to buying a limited part of the strategic assets of troubled French IT group Atos after the French government floated a rescue package. The government provisionally offered at the weekend to acqui...
14h ago
Cryptoverse: TON takes off on Telegram tie-up
By Elizabeth Howcroft (Reuters) - A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app's estimated 900 million users. Telegram endors...
14h ago
France's Capgemini Q1 sales fall in slowing market
(Reuters) -French IT consulting group Capgemini reported lower first-quarter revenue on Tuesday, compared with the same period last year, citing an expected slowdown in the market. The company's revenue fell 3.5% to 5.53 billion euros ($5.92 billion) i...
14h ago
Computer parts maker Logitech's fourth-quarter sales rise
ZURICH (Reuters) - Logitech International increased its sales during its fourth quarter, the computer peripherals maker said on Tuesday, snapping two-and-a-half years of sales downturns after a pandemic-driven boom. The maker of computer mice and k...
18h ago
Samsung says AI to drive technology demand in second half
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics said on Tuesday it expected demand for artificial intelligence to hold strong in the second half, driving sales of memory chips and tech devices, as it reported a more than 10-fold ris...
18h ago
F5 issues downbeat forecast on weak demand for IT-related services
(Reuters) - F5 on Monday reported disappointing quarterly sales and gave a downbeat earnings forecast, as it grappled with weak demand for its software products used in cloud and security applications, sending its shares down 10% in extended tradin...
21h ago
NXP Semiconductors forecasts Q2 profit above estimates on industrial demand recovery
(Reuters) - 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 from automotive customers due to slowing EV demand...
21h ago
Genuine Parts CEO Paul Donahue to be replaced by operations head
(Reuters) - Automotive and industrial replacement parts provider Genuine Parts' CEO Paul Donahue will step down from his position and will assume the role of executive chairman, the company said in a statement on Monday. Its current president and C...
22h ago
UnitedHealth hackers took advantage of Citrix vulnerabilty to break in, CEO says
By Zeba Siddiqui SAN FRANCISCO (Reuters) - Hackers broke into UnitedHealth's tech unit on Feb. 12 by exploiting a security vulnerability in software from private IT company Citrix that allows employees remote access to their desktop computers, the ...
22h ago