By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was sta[...]
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February 15, 2023
Shopify’s revenue forecast fails to impress, shares fall
By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic challenges were[...]
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Starbucks CEO declines to appear at U.S. Senate labor law hearing
By David Shepardson WASHINGTON (Reuters) -Starbucks Corp Chief Executive Howard Schultz declined an invitation from 11 senators to testify on March 9 on the coffee company’s compliance with fede[...]
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FTX customers sue financiers for giving bankrupt crypto exchange an ‘air of legitimacy’
By Jonathan Stempel (Reuters) – Former customers of Sam Bankman-Fried’s FTX have sued three venture capital and private equity firms, accusing them in a proposed class action of fraudulent[...]
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Roku promises cost cuts, sees robust first-quarter revenue; shares jump
By Tiyashi Datta (Reuters) -Roku Inc said on Wednesday it was keeping a lid on costs and forecast first-quarter revenue above Wall Street estimates, as the company bet on its streaming devices and con[...]
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Facebook owner Meta increases Zuckerberg’s security allowance by $4 million
(Reuters) – Meta Platforms Inc said on Wednesday it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 million.[...]
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Walmart in Mexico gross margin shrinks, quarterly profit up 12%
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday said its gross margin in the fourth quarter shrank in a push to offer lower prices, even as strong same-store sales helped boost net pro[...]
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Lacking lifeline, Mexican carrier Aeromar shutters
By Kylie Madry MEXICO CITY (Reuters) – Mexican airline Aeromar announced the “definitive end” of operations on Wednesday, as the heavily indebted company failed to reach agreements w[...]
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Prosecutors urge tight limits on Bankman-Fried’s internet use
By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday urged a judge to impose tight restrictions on indicted FTX cryptocurrency exchange founder Sam Bankman-Fried’s internet use, arguin[...]
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