Oracle beats quarterly results estimates on cloud services demand, shares rise
(Reuters) -Oracle beat Wall Street estimates for fourth-quarter results on Wednesday, boosted by growing demand for its cloud offerings from…
Category: Business
Meta to pay nearly $15 billion for Scale AI stake, The Information reports
(Reuters) -Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The…
Snap to launch smart glasses for users in 2026 in challenge to Meta
(Reuters) -Snap will launch its first-ever smart glasses for all consumers next year, ratcheting up competition with bigger rival Meta…
GameStop reports decline in quarterly revenue
(Reuters) -Videogame retailer GameStop reported a decline in quarterly revenue on Tuesday as more customers moved away from its mainstay…
OpenAI’s annualized revenue hits $10 billion, up from $5.5 billion in December 2024
(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the…
Airlines stick to net zero target despite green fuel doubts
By Rajesh Kumar Singh, Shivansh Tiwary and Tim Hepher NEW DELHI (Reuters) -Global airlines wrapped up a two-day summit on…
Aerospace sector warns new US tariffs could put air safety, supply chain at risk
WASHINGTON (Reuters) -A group representing major U.S. and global aeropsace companies on Tuesday warned new tariffs on imported commercial aircraft,…
Google to spend $500 million revamping compliance in shareholder settlement
By Jonathan Stempel (Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle…
Mattel is combining film and television units to create Mattel Studios
(Fixes misspelling in paragraph 5 on Margot) By Danielle Broadway LOS ANGELES (Reuters) -Toy maker Mattel is combining its film…
Vanguard files for new ex-China emerging markets ETF
By Suzanne McGee (Reuters) -Asset management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target…