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Exclusive-Google offered to sell part of ad tech business, not enough for EU publishers, sources say
19 Sep 2024

Exclusive-Google offered to sell part of ad tech business, not enough for EU publishers, sources say

Alphabet’s Google took a major step this year to end an EU antitrust investigation with an offer to sell its advertising marketplace AdX but European publishers rejected the proposal as insufficient, two people with direct knowledge of the matter said on Wednesday.
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

17 Sep 2024
Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence.
Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

05 Sep 2024
Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday.
Intel manufacturing business will see 'meaningful' revenue in 2027, CFO says

Intel manufacturing business will see 'meaningful' revenue in 2027, CFO says

05 Sep 2024
Intel will begin to generate a "meaningful" amount of revenue from its contract chip manufacturing business in 2027, the company’s CFO said at an investor conference on Wednesday.
Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says

Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says

03 Sep 2024
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending as they try to revive the once-dominant chipmaker’s fortunes.
Salesforce gains as software firm bets on AI tools to power growth
30 Aug 2024

Salesforce gains as software firm bets on AI tools to power growth

Shares of Salesforce gained about 4% on Thursday as investors cheered the customer relationship management software maker’s upbeat quarterly results and its artificial intelligence push to drive growth.
Dell raises forecasts as demand surges for Nvidia powered AI servers

Dell raises forecasts as demand surges for Nvidia powered AI servers

30 Aug 2024
Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia’s  powerful chips, sending its shares up about 3% in extended trading.
Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers

Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers

15 Aug 2024
China’s Lenovo Group reported a 20% rise in its quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump.
Apple supplier Foxconn's profit beats forecasts as it rides AI boom

Apple supplier Foxconn's profit beats forecasts as it rides AI boom

14 Aug 2024
Apple  supplier Foxconn on Wednesday surpassed expectations with a 6% rise in quarterly net profit, driven by a boom in demand for AI servers, and stood by its forecast for full-year revenue to grow significantly.
Expedia jumps as optimism over profit beat overrides demand warning

Expedia jumps as optimism over profit beat overrides demand warning

12 Aug 2024
Expedia shares  jumped more than 8% on Friday as markets cheered the online travel agency beating quarterly profit estimates, even as it joined other travel companies in warning of softer demand ahead.
Equinix raises annual adjusted core earnings forecast on strong data center demand
08 Aug 2024

Equinix raises annual adjusted core earnings forecast on strong data center demand

Equinix raised its annual adjusted core earnings forecast on Wednesday, betting on strong demand for its data center operation services amid growing adoption of generative artificial intelligence technology.
German software maker SAP's quarterly cloud revenue leaps 25%

German software maker SAP's quarterly cloud revenue leaps 25%

23 Jul 2024
Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for total revenue for the second quarter on Monday.
TotalEnergies, SSE to launch EV charging company in UK and Ireland

TotalEnergies, SSE to launch EV charging company in UK and Ireland

16 Jul 2024
French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV) fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said on Tuesday.
India's HCLTech gains on growth outlook, demand recovery hopes

India's HCLTech gains on growth outlook, demand recovery hopes

15 Jul 2024
Shares of HCLTech rose as much as 5% in early trading on Monday after India’s No.3 IT services provider projected growth in most verticals and geographies in the upcoming quarter.
Atos secures funding of $1.82 billion to restructure its debt

Atos secures funding of $1.82 billion to restructure its debt

15 Jul 2024
French IT company Atos said on Monday it had secured funding of 1.675 billion euros ($1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders, accounting for more than 50% of its creditors.

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