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...The company, which owns data centre space and advises companies on storing and managing their data, accounted for more than a quarter of IBM’s revenues before it was spun off....
...Alphabet’s capital expenditure rose to $12bn — more than the $10bn forecast — and chief financial officer Ruth Porat said the company would spend at least that amount per quarter for the rest of the year...
...Additional reporting by Richard Waters...
...of UK software company Autonomy....
...Cities along the so-called path of totality include Mazatlan, Mexico; San Antonio, Austin and Dallas, Texas; Indianapolis, Indiana; Cleveland, Ohio; Erie, Pennsylvania and Montreal, Quebec....
...The C$100mn (US$73.6mn) pact ends a six-month stand-off following the passage of an online news law designed to funnel some of the cash that Google and Meta, the parent of Facebook and Instagram, make from...
...Thursday’s stock price reaction reflected “a vortex of noise” around the company’s financial guidance, as some analysts adjusted their forecasts to reflect the shorter period, said Gene Munster at Deepwater...
...Tesla reported net income in the third quarter of $1.85bn, down 44 per cent from a year before, while earnings per share on the pro forma basis on which Wall Street judges the company fell 37 per cent to...
...against the search giant go to trial in San Francisco....
...A forthcoming revamp of the Model 3 and the planned launch this quarter of Tesla’s long-awaited electric pick-up, dubbed the Cybertruck, caused the company to pause production for retooling in the latest...
...Some companies claimed the new forms of AI would have other benefits....
...Overall, the software company reported revenue of $56.5bn, an increase of 13 per cent from a year ago, while earnings per share rose 27 per cent to $2.99....
...Taneja joined Tesla with its controversial acquisition of SolarCity, Musk’s solar power company, in 2017. Before Solar City he had spent 17 years at PwC in India and the US....
...Under the deal announced on Tuesday, CRH will acquire a 2.1mn tonne capacity cement plant between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas and a portfolio of 20...
...Uber reported its first operating profit on Tuesday on the back of better control of costs, marking a turning point for the chronically lossmaking company after years of heavy spending in a controversial...
...The company’s gross profit margin from automotive operations, excluding the effect of regulatory credits, dropped to 18.2 per cent in the past three months....
...The San Francisco-based software company has told employees who live within 50 miles of one of its locations that they will have to come to the office at least two days a week....
...The original agreement, unveiled in January 2022, called for Microsoft to pay a break-up fee of as much as $3bn if its acquisition of the gaming company was not completed by July 18....
...The software company would have a strong incentive to boost Xbox sales by withholding games such as Call of Duty from rival consoles, it warned....
...Phil Spencer, head of Microsoft’s Xbox gaming division, said on Twitter that the companies had signed “a binding agreement to keep Call of Duty on PlayStation following the acquisition”....
...Tuesday’s ruling marked a drastic about-turn in the software company’s first clash with US antitrust authorities since they sought to break up the company at the end of the 1990s....
...In a sign that the company does not expect the device to become a big seller in the near-term, he said the launch represented “the beginning of a journey” to what the company calls “spatial computing”, predicting...
...First, they face the San Francisco 49ers in a must-win game tomorrow....
...Ron Wyden, chair of the Senate finance committee, has opened a separate investigation that will look at the PGA Tour’s favourable not-for-profit tax treatment, while Democrat lawmakers Maxine Waters and...
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