NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the…
Google to beef up search with AI, setting stage for showdown with Bing
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) -Alphabet’s Google on Wednesday said it will enhance search results with generative…
Bed Bath & Beyond staves off bankruptcy with $225 million from stock sale
By Mike Spector, Jessica DiNapoli, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Bed Bath & Beyond Inc said on…
Fed’s Cook: January job gains increase hopes for soft landing
By Howard Schneider WASHINGTON (Reuters) – The strong January job gains of half a million new positions coupled with moderating…
Emerson reports weak quarter on hit from supply snarls, raises sales forecast
(Reuters) -Industrial conglomerate Emerson Electric Co missed Wall Street estimates for quarterly profit and revenue on Wednesday as lingering supply-chain…
Exchange operator CME’s profit tops views in volatile quarter
By Anirban Chakroborti and John McCrank (Reuters) -CME Group Inc on Wednesday reported fourth-quarter profits above Wall Street expectations, as…
Coty raises profit forecast on resilient demand, price hikes
By Ananya Mariam Rajesh (Reuters) – Coty Inc raised its full-year profit forecast on Wednesday, betting on price hikes and…
Fox Corp boosts buyback by $3 billion as World Cup powers earnings
(Reuters) -Fox Corp expanded its share buyback plan by $3 billion on Wednesday and surpassed second-quarter revenue estimates as the…
Under Armour boosts profit forecast as discounts spur demand
By Ananya Mariam Rajesh (Reuters) -Under Armour Inc raised its annual profit forecast on Wednesday after quarterly results surpassed expectations…
Southwest CEO Jordan finds himself in eye of storm after airline’s holiday debacle
By Rajesh Kumar Singh CHICAGO (Reuters) – Bob Jordan, Southwest Airlines Co’s CEO, faces the biggest challenge yet in his…