Category Archives:
Mexican breadmaker Bimbo profit slips 30% after year-ago pension bump
MEXICO CITY (Reuters) - Mexican breadmaker Grupo Bimbo posted a nearly 30% dip in second-quarter net profit on Tuesday after the company registered a non-cash benefit on its pension plan in the year-a...
Jul 25, 2023
Walmart teams up with Expedia on travel perks
By Doyinsola Oladipo NEW YORK (Reuters) - Retail giant Walmart on Tuesday said it is teaming up with online travel agency Expedia Group to offer its subscription service members travel benefits for th...
Jul 25, 2023
Intel, Ericsson to work together on custom 5G chip
By Stephen Nellis (Reuters) - Intel Corp on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson to make a custom chip for Ericsson's 5G networking gear, using the most a...
Jul 25, 2023
Snap beats revenue and user estimates, offers softer Q3 outlook
By Sheila Dang (Reuters) - Photo messaging app-owner Snap Inc on Tuesday beat Wall Street targets for quarterly revenue and user growth, but gave weaker third quarter guidance than analysts had expect...
Jul 25, 2023
Visa posts higher quarterly profit on spending boost
(Reuters) -Payments processor Visa reported a jump in third-quarter profit on Tuesday, helped by resilient consumer spending despite tough economic conditions this year. Excluding one-time costs, it p...
Jul 25, 2023
PacWest merges with Banc of California in all-stock deal
(Reuters) - Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners. (Reporting by Niket Nishant ...
Jul 25, 2023
Billionaire Leon Black is accused in lawsuit of raping autistic girl
By Jonathan Stempel NEW YORK (Reuters) - The billionaire investor Leon Black was sued on Tuesday by an autistic woman who says he raped her in the disgraced financier Jeffrey Epstein's mansion in Manh...
Jul 25, 2023
Microsoft beats quarterly revenue estimates
(Reuters) -Microsoft on Tuesday beat Wall Street estimates for its fiscal fourth-quarter sales and profits, driven by growth in its cloud computing and office software businesses. Revenue rose to $56....
Jul 25, 2023
A ‘Heat Advisory’ will be in effect the rest of the work week. What does it mean?
SPRINGFIELD, Ill. – A Heat Advisory will be in effect for the rest of the work week in Central Illinois, starting Wednesday. The National Weather Service says highs will be close to 100 Thursday...
Jul 25, 2023
Alphabet profit beats expectations, CFO Porat to assume new role
(Reuters) - Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO Ruth Porat would assume a new role while the company so...
Jul 25, 2023
Peoria, IL, USA
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