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…
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 Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court Justice Samuel Alito on Wednesday extended by two days a temporary block on limits set by lower courts on access to the abortion pill mifepristone in a challenge by anti-abortion groups to the drug’s federal regulatory approval. The decision to keep the matter on hold gives the…
-Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled nearly 23% to 38 cents in after hours trading. They are down about 86% since the company said in January that…
NEW YORK/WASHINGTON (Reuters) – A former employee at the U.S. Consumer Financial Protection Bureau (CFPB) sent confidential records relating to hundreds of thousands of consumers and several financial institutions to their personal email account, the agency said on Wednesday. The bureau found personally identifiable information relating to customers of seven institutions that had been forwarded…
By Doyinsola Oladipo NEW YORK (Reuters) -Las Vegas Sands Corp on Wednesday reported quarterly revenue that surpassed Wall Street estimates as March visitation levels accelerated gaming volumes, retail sales and hotel occupancy. The Las Vegas-based casino operator said traffic is rebounding in Singapore and Macao, and it expects further improvement in travel and tourism spending…
By Andy Sullivan (Reuters) -Anti-vaccine activist Robert F. Kennedy Jr., a member of a storied U.S. political dynasty, announced on Wednesday a long-shot bid to challenge incumbent President Joe Biden for the 2024 Democratic presidential nomination. Kennedy, 69, faces little chance of success, but his campaign could serve as a platform to advance claims that…
By Tim McLaughlin and Sarah N. Lynch BOSTON (Reuters) -A 21-year-old U.S. Air National Guardsman facing criminal charges for leaking top-secret military intelligence records online will remain in jail, according to court filings. Jack Douglas Teixeira of North Dighton, Massachusetts, was due to appear in federal court in Boston on Wednesday to determine whether he…
