Business
Cisco says hackers subverted its security devices to spy on governments
By Raphael Satter WASHINGTON (Reuters) - Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally. In a blog post published on Wednesday, the company said its ...
Teradyne sees strong Q2 results on steady chip-testing equipment demand
(Reuters) - Semiconductor-testing equipment maker Teradyne forecast second-quarter profit and revenue above Wall Street estimates on Wednesday, helped by strong demand for its chip-testing equipment. Shares of the company rose nearly 8% in ...
Brazil's government submits rules to streamline consumption taxes
BRASILIA (Reuters) - Brazil's government submitted proposed rules to Congress on Wednesday to carry out a historic tax overhaul approved last year, a key element of President Luiz Inacio Lula da Silva's strategy to foster growth in Latin ...
Raymond James Q2 profit rises on strong capital markets performance
(Reuters) - Raymond James on Wednesday posted a 11% rise in second-quarter adjusted profit, powered by strong performance in its capital markets business on the back of a rebound in mergers and acquisitions. After a two-year dry spell, global ...
China's BYD seeks to redefine luxury for the EV generation
BEIJING (Reuters) - Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development ...
Disappointing Meta forecast pulls down tech peers in extended trade
By Stephen Culp NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading. Meta said it expects increased spending on AI ...
Morning Bid: Japan's FX no-show, Meta plunges
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across ...
BHP considering potential buyout offer for Anglo American, Bloomberg reports
(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Deliberations are at an early ...
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person ...
O'Reilly Automotive's profit misses on higher costs
(Reuters) - Auto parts distributor O'Reilly Automotive missed analysts' estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing ...