Caterpillar shares slump on sales warning as machinery demand cools
By Deborah Mary Sophia (Reuters) -Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take…
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GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
By Blake Brittain (Reuters) -GlaxoSmithKline sued Pfizer and BioNTech in Delaware federal court on Thursday, accusing them of infringing GSK…
Cisco says hackers subverted its security devices to spy on governments
By Raphael Satter WASHINGTON (Reuters) – Technology firm Cisco Systems said that hackers have subverted some of its digital security…
Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) – Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off…
Chipotle lifts annual sales forecast as customer traffic holds up despite uncertainties
By Granth Vanaik (Reuters) -Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, on the back of resilient demand…
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
By Arsheeya Bajwa (Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said…
Tesla promises ‘more affordable’ cars after shelving all-new Model 2
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla said on Tuesday it would introduce “new models” by early 2025 using…
Visa results beat estimates on resilient consumer spending
By Manya Saini and Pritam Biswas (Reuters) -Visa’s second-quarter results sailed past Wall Street estimates on Tuesday, as consumers shrugged…
JPMorgan CEO Dimon says US economy is booming
By Nupur Anand (Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment…
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
By Stephen Nellis (Reuters) – Microsoft said on Tuesday that Coca-Cola had signed a $1.1 billion five-year deal to use…