By Noel Randewich and Arsheeya Bajwa (Reuters) -Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once-dominant global position. The company lost more than $30 billion in market value after it gave a …
Intel shares slump 26% as turnaround struggle deepens Read More »
By Sachin Ravikumar LONDON (Reuters) – British authorities have shut down an online platform which allowed criminals to make fraudulent phone calls to steal money from hundreds of thousands of people globally, the National Crime Agency (NCA) said. The platform, named ‘Russian Coms’ but with no known link to the Russian state, was a crime-as-a-service …
UK authorities shut down scammer platform behind global fraud Read More »
(Reuters) -Google-parent Alphabet’s independent growth fund CapitalG cut its stake in cybersecurity company CrowdStrike , according to a regulatory filing on Friday, much before a global outage last month triggered by a software update. The fund cut its stake to 427,895 class A shares from 855,789 shares. The change in holdings is as of June …
Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage Read More »
By Greg Bensinger and Deborah Mary Sophia (Reuters) – Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%. The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained over …
Amazon says consumers cautious, forecasts revenue below Wall Street targets Read More »
By Joanna Plucinska, Prerna Bedi and Corina Pons (Reuters) -British Airways owner IAG’s shares rose more than 7% on Friday, after the company’s strong second-quarter performance and its move to scrap a proposed takeover of Spanish airline Air Europa. IAG’s results outshone rivals which have had a more challenging second quarter marred by rising costs …
IAG’s shares climb after Air Europa deal ditched, analysts see TAP as next target Read More »
ROME (Reuters) – Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports. Some Italian newspapers reported this week that the government was discussing new taxes on banks, insurers, energy companies and luxury goods firms. Rumours began to spread after Economy Minister Giancarlo Giorgetti last …
Italy has no plans for new tax on company profits, sources say Read More »
(Reuters) – Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival Amazon.com’s warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter. Shares of Amazon sank nearly 9% in premarket trading on Friday, while Walmart’s stock was marginally …
Walmart’s low price promise in focus after Amazon’s warning Read More »
MADRID (Reuters) – The number of foreign tourists in Spain jumped 13% in the first-half of 2024, putting the country on track for another record year for visitor numbers despite growing discontent over the impact of the holiday industry in some tourist hotspots. For the six months to the end of June, 42.5 million international …
Spain set for record tourist numbers in 2024 after first-half jump Read More »
By Pranav Kashyap (Reuters) -European shares fell more than 1% on Friday, tracking a global risk-off sentiment following disappointing U.S. growth data and overshadowing a handful of positive corporate updates. The pan-European STOXX 600 index fell 1.4% after touching a three-month low earlier in the session. It is also set to log a 1.5% decline …
European shares fall amid global risk-off mood on US growth fears Read More »
PARIS (Reuters) – Engie CEO Catherine MacGregor said on Friday that Engie had submitted an offer to buy a UK asset but that the French company’s offer was ultimately not retained. MacGregor declined to name the UK asset for which it had made an offer. Reuters had reported earlier that Engie had joined forces with …
Engie CEO: we made an offer to buy a UK asset but this was rejected Read More »
