Reuters US Business

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft is in talks with CISPE in an attempt to resolve its European Union antitrust complaint about the U.S. software giant’s cloud computing licensing practices, the trade group said on Wednesday. Working the issue out bilaterally could help Microsoft stave off a possible lengthy EU investigation that could lead …

Exclusive-Microsoft in talks to end trade body’s cloud computing complaint Read More »

(Reuters) – Mattel missed market estimates for holiday-quarter sales and profit, and forecast tepid 2024 sales on Wednesday as soft demand for toys overshadows gains from its blockbuster movie “Barbie”. Still, the company forecast better-than-expected full-year profit on cooling costs, and announced a share buyback program of $1 billion, following $203 million of repurchases in …

Mattel misses holiday-quarter estimates, sees dull 2024 sales on tepid toy demand Read More »

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney handily beat Wall Street’s earnings expectations on Wednesday, lifted by record results at its theme parks and continued cost-cutting efforts, even as revenue fell shy of analysts’ estimates. Disney’s board of directors also authorized a $3 billion share repurchase program for the current …

Disney tops earnings forecast, hikes dividend by 50% Read More »

(Reuters) – Microsoft is launching Microsoft 365 Copilot tool for employees as it looks to get more developers to use artificial intelligence, Business Insider reported on Wednesday. The company has been running pilot tests to up the usage of AI tools among its community of developers and was planning a wider release of Microsoft 365 …

Microsoft launches Copilot internally to boost AI adoption by developers – Business Insider Read More »

By Sinéad Carew and Johann M Cherian (Reuters) -Wall Street’s major stock indexes rose on Wednesday, with the benchmark S&P 500 scaling a record high, as investors applauded overall strength in U.S. earnings and monitored policymaker comments for clues on the interest rate outlook. Shares in Chipotle Mexican Grill rallied after it topped analyst estimates …

S&P 500 closes at record high; earnings, rate outlook in spotlight Read More »

By Zaheer Kachwala (Reuters) -Fox Corp reported a 20% fall in advertising revenue on Wednesday hurt by lower political ad spend, while concerns over uncertainty in ad spending and the future of sports programming sent the broadcaster’s shares down around 6%. The company, which broadcasted the Super Bowl last year, is attempting to capitalize on …

Broadcaster Fox’s ad revenue falls 20% on weak political ad spending Read More »

By Paolo Laudani and Tristan Veyet (Reuters) -German software developer TeamViewer reported higher-than-expected fourth-quarter revenue on Wednesday, helped by partnerships with tech companies such as Siemens. Analysts at JP Morgan note that overall results look solid “in the context of concerns around the Q4 delivery and the 2024 guidance.” Shares were up 9% by 0810 …

TeamViewer posts Q4 beat in revenue Read More »

By Forrest Crellin and Benjamin Mallet PARIS (Reuters) -TotalEnergies warned on Wednesday that weakness in refining margins would impact its 2024 results after lower oil prices drove a 31% decline in its adjusted income for the fourth quarter of 2023. Profits from oil majors have been down in 2023 by about a third from record …

TotalEnergies warns on 2024 as lower oil price hits profit Read More »

By Maria Martinez (Reuters) -German industrial production fell more than expected in December, the federal statistics office said on Wednesday, marking the seventh monthly decline in a row and highlighting weakness in the backbone of Europe’s largest economy. Industrial production fell in December by 1.6% compared with the previous month. Analysts polled by Reuters had …

German industrial output falls more than expected in December Read More »

FRANKFURT/COPENHAGEN (Reuters) – The world’s three biggest wind power groups on Wednesday gave a sober view of the year ahead, citing ongoing challenges in the maturing sector that continues to suffer from project delays, equipment issues and inflation. Siemens Energy, the world’s largest maker of offshore wind turbines, expects a 2024 loss before special items …

Wind power giants give bleak view of 2024 as challenges persist Read More »