Business
Walmart in Mexico posts 14% rise in Q1 net profit
MEXICO CITY (Reuters) - Walmart's Mexico and Central America unit on Wednesday posted a 14.4% year-on-year rise in its first-quarter net profit, reaching 13.18 billion pesos. The retailer's revenues landed at 226.19 billion pesos. (Reporting by ...
Tyler Technologies beats Q1 revenue estimates on strong demand for IT services
(Reuters) - Tyler Technologies beat Wall Street estimates for first-quarter revenue on Wednesday, helped by strong demand for its information technology services as enterprise clients are moving towards digital solutions. The increase in ...
Lam Research forecasts quarterly revenue above estimates on AI chip boom
(Reuters) - Lam Research reported quarterly revenue above Wall Street expectations on Wednesday, as chipmakers ordered more of its equipment used to manufacture semiconductors for artificial intelligence applications. Lam Research supplies ...
Southwest Airlines flight attendants ratify new contract
(Reuters) - Southwest Airlines' flight attendants on Wednesday voted in favor of a new contract with an immediate 22% pay raise, the union representing the employees and the carrier said on Wednesday. Nearly 20,000 flight attendants at the ...
Align Tech lifts annual sales forecast as teeth aligners power quarterly beat
(Reuters) - Align Technology on Wednesday raised its annual revenue growth forecast after topping Wall Street estimates for first-quarter profit, banking on resilient demand for its clear teeth aligners among teenagers and younger patients. ...
FDIC is looking for potential buyers for Republic First, Bloomberg News reports
(Reuters) - The Federal Deposit Insurance Corp (FDIC) is looking for potential buyers of Republic First Bancorp, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. (Reporting by Pritam Biswas in Bengaluru)
Whirlpool cuts 1,000 jobs, WSJ reports
(Reuters) - Home appliance maker Whirlpool Corp is cutting 1,000 jobs, the Wall Street Journal reported on Wednesday. (Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)
Chipotle Mexican Grill raises full-year sales forecast on resilient burrito demand
(Reuters) - Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, betting on resilient demand for its burritos and rice bowls from its relatively wealthier clientele despite higher menu prices. The company expects comparable ...
IBM to buy HashiCorp in $6.4 billion deal to expand cloud software
By Arsheeya Bajwa (Reuters) - International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand. Software has ...
ServiceNow profit more than doubles on boost from AI-enabled software
By Akash Sriram (Reuters) - ServiceNow said on Wednesday its first-quarter profit more than doubled, as the software firm attracted more clients for its generative artificial intelligence-infused tools. The cloud software provider has been ...