Category Archives:
IBM’s quarterly revenue beats estimates on resilient software, strong mainframe
By Chavi Mehta (Reuters) - IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software so...
Oct 25, 2023
‘Barbie’ boom helps Mattel lift annual profit target after bumper sales
(Reuters) - Mattel smashed third-quarter results estimates on Wednesday and lifted its annual earnings forecast ahead of the key holiday season, as the toymaker benefited from the box-office success o...
Oct 25, 2023
Saudi non-oil GDP seen at around 6% in 2023 and beyond -finance minister
RIYADH (Reuters) - Saudi Arabia's non-oil gross domestic product (GDP) is expected to grow by around 6% this year, the kingdom's finance minister said on Wednesday, adding he expected it would continu...
Oct 25, 2023
White House asking Congress for $6 billion to extend internet subsidy program -official
By David Shepardson WASHINGTON (Reuters) - The White House is asking Congress for another $6 billion for a government broadband internet subsidy program used by 21 million American households that is ...
Oct 25, 2023
Ackman’s bet against US Treasuries pays off with $200 million profit
By Svea Herbst-Bayliss NEW YORK (Reuters) - Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds,...
Oct 25, 2023
LaHood, Democrats react to pick of Louisiana’s Johnson has House Speaker
WASHINGTON, D.C. – A local Congressman says he’s happy with the newest pick for Speaker of the House. Not long after the vote to elect Louisiana Rep. Mike Johnson speaker, Republican Darin...
Oct 25, 2023
Warner Bros Discovery shuffles consumer products unit as its head departs
(Reuters) - Warner Bros Discovery said on Wednesday the head of its consumer products division, Pam Lifford, was leaving and her role would be divided among senior leaders. Robert Oberschelp, who curr...
Oct 25, 2023
Amazon analysts expect same-day delivery to boost margins in Q3
By Arriana McLymore NEW YORK (Reuters) - Investors will look for signs that Amazon's aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shop...
Oct 25, 2023
Canadian union Unifor to prioritize talks on EV transition with Stellantis
(Reuters) - Canadian labor union Unifor said on Wednesday that it is prioritizing discussions around the EV transition for the Brampton assembly plant in its labor contract talks with Chrysler parent ...
Oct 25, 2023
Mexico sees solid economic expansion but price pressures persist
MEXICO CITY (Reuters) - Mexico's economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official said on Wednesday, as one central banker flagg...
Oct 25, 2023
Peoria, IL, USA
83 °F Sunny
