Chip design software maker Cadence forecasts annual profit below estimate, shares down
(Reuters) – Cadence Design Systems forecast its annual revenue and profit below analysts’ estimates on Tuesday, in a sign of…
Category: Business
Pershing Square proposes to buy 10 million shares in Howard Hughes for $90 per share
(Reuters) -Billionaire investor Bill Ackman’s Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares…
Uber accuses DoorDash of anticompetitive practices in lawsuit
By Gnaneshwar Rajan (Reuters) – Uber Technologies has filed a lawsuit against DoorDash, accusing the online delivery firm of anticompetitive…
Broadcom, TSMC eye possible Intel deals to split storied chipmaker, WSJ reports
(Reuters) -Intel’s rivals Taiwan Semiconductor Manufacturing Co and Broadcom are each eyeing potential deals that would break the U.S. chipmaking…
Ackman’s firm boosts stake in Nike, cuts Chipotle during Q4
NEW YORK (Reuters) – Billionaire investor William Ackman increased his stake in sportswear company Nike by 15% and cut his…
Fund managers boost exposure to bitcoin ETFs, quarterly US filings show
By Suzanne McGee (Reuters) – Asset managers, ranging from wealth management companies to hedge funds and pension funds, boosted allocations…
Applied Materials gives dour quarterly revenue forecast as export curbs tighten; shares fall
(Reuters) – Applied Materials forecast second-quarter revenue below market estimates on Thursday, expecting escalating geopolitical tensions and soft demand for…
Roku forecasts annual revenue above estimates on strong ad sales
(Reuters) -Roku forecasts annual revenue above Wall Street estimates and topped fourth-quarter revenue expectations on Thursday, signaling strong advertising sales…
Market conditions not ideal for Aeromexico IPO in New York, CEO says
By Kylie Madry MEXICO CITY (Reuters) – Market conditions are currently not ideal for Mexican airline Aeromexico to list in…
Microsoft to adjust Office-Teams pricing in bid to avoid EU antitrust fine, sources say
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft has offered to widen the price differential between its Office product sold…