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Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares...
MONTREAL/OTTAWA (Reuters) -Bombardier on Thursday became the latest planemaker to disclose an exemption from Canadian sanctions on Russian titanium, as Canada defended its decision to grant a partial reprieve from recent measures imposed over the war in Ukraine. On Tuesday, Reuters first reported that Airbus had won a waiver from a new Canadian ban on Russian titanium, weeks after Ottawa added supplier VSMPO-AVISMA to a list of entities banned for alleged ties to Russia's military-industrial complex. Canada is the first Western government to ban Russian supplies of the strategic metal ...
By Dietrich Knauth NEW YORK (Reuters) - Craft retailer Joann Inc received a U.S. bankruptcy judge's approval on Thursday for a restructuring that would ...
By Dietrich Knauth NEW YORK (Reuters) - Craft retailer Joann Inc received a U.S. bankruptcy judge's approval on Thursday for a restructuring that would eliminate $505 million in debt and keep all 815 retail locations open. U.S. Bankruptcy Judge Cra...
(Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its higher-than-expected capital expenditures.