By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. The Dow was weighed down by declines in Walt Disney Co…
By Chavi Mehta (Reuters) -IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell. The company’s software and consulting businesses rose 6% and 8.2%, respectively, at constant currency in the first quarter, in line with IBM’s targets….
(This April 18 story has been corrected to fix the title to director, not CEO, in paragraph 4) By Mrinalika Roy (Reuters) – Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt…
(This April 18 story has been corrected to fix the title to director, not CEO, in paragraph 4) By Mrinalika Roy (Reuters) – Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is expected to meet top potential donors for his planned re-election campaign next week, according to two people with direct knowledge of the plans. The effort to organize prospective financial backers comes as Biden aides have ramped up planning for the long-expected launch of the…
(Reuters) – Donald Trump continued to rack up endorsements in Florida for his presidential campaign on Wednesday, outmaneuvering the state’s Governor Ron DeSantis on his home turf. Vern Buchanan, co-chair of the state’s congressional delegation became the eighth Florida lawmaker to come out in support of the former president, announcing his endorsement on Wednesday, hours…
By Luc Cohen NEW YORK (Reuters) -A former prosecutor who once led the Manhattan district attorney’s criminal investigation into former U.S. President Donald Trump must testify before a congressional committee, a federal judge ruled on Wednesday. Manhattan District Attorney Alvin Bragg, a Democrat whose office’s investigation led to a grand jury indicting Trump in the…
(Corrects typo in lead paragraph) By Blake Brittain (Reuters) – Tesla Inc has settled a lawsuit against one of its former engineers, Alexander Yatskov, whom it accused of stealing trade secrets related to its AI-training supercomputer Dojo, according to a filing on Wednesday in San Francisco federal court. The joint filing said the terms of…
By Tim Kelly TOKYO (Reuters) – Most Japanese firms want Bank of Japan Governor Kazuo Ueda to focus on financial market stability at his first policy meeting next week, with few seeing benefits from any easing of its ultra-loose monetary policy, a Reuters monthly poll showed. Ueda has so far signalled his intent to maintain…
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s top national security adviser resigned on Wednesday, the presidential palace said, amid a scandal related to the aide’s presence during the storming of government buildings in the capital. The resignation of General Marcos Goncalves Dias, which the president accepted, followed a report from CNN Brasil that…
